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The Theory of Innovation and Innovative Development. AI Scenarios in Russia

Author

Listed:
  • Popkova, Elena G.
  • Alekseev, Alexander N.
  • Lobova, Svetlana V.
  • Sergi, Bruno S.

Abstract

This article explores different scenarios of implementing artificial intelligence (AI) in Russia. The relevance of the research and the range of problems addressed in it consist in the fact that Russia is not fully realizing the potential of innovative economic development. AI can accelerate the innovative development of Russia's Economy, but it entails the risks of its destabilization and therefore requires further research. This article contributes to the theory of innovation, thereby specifying the logic of the optimization of innovative development and the optimal scale in a strategy of risk management. The effectiveness of the digital modernization of Russia's Economy based on AI will be remarkably high. The index of global competitiveness achieves maximum value (7 points), increasing by 1.52 times. The innovation index of the economy grows 1.15 times. The unemployment level will rise 1.62 times, and the level of cybersecurity will decrease 6.52 times. Both advantages from the implementation of AI and risks of digital modernization of the Russian Economy are determined. The significance of the research consists in the application of the offered method for determining the optimal intervals of AI usage in Russia. The key conclusion that can be drawn from the research is the justification of the need to promote the modernization of the Russian Economy on the basis of AI with a view to accelerating its innovative development until 2024. The consequences of the research are involved with the improvement of practices of public regulation of the innovative development of the Russian Economy by promoting the dissemination of AI according to recommendations proposed by the authors.

Suggested Citation

  • Popkova, Elena G. & Alekseev, Alexander N. & Lobova, Svetlana V. & Sergi, Bruno S., 2020. "The Theory of Innovation and Innovative Development. AI Scenarios in Russia," Technology in Society, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:teinso:v:63:y:2020:i:c:s0160791x20302840
    DOI: 10.1016/j.techsoc.2020.101390
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    References listed on IDEAS

    as
    1. Elena G. Popkova & Yakov A. Sukhodolov, 2017. "Perspectives of Acceleration of the Rates of Economic Growth of Russia in the Context of Foreign Trade Cooperation with China," Contributions to Economics, in: Foreign Trade as a Factor of Economic Growth, chapter 0, pages 75-113, Springer.
    2. Ratapol Wudhikarn & Nopasit Chakpitak & Gilles Neubert, 2018. "A literature review on performance measures of logistics management: an intellectual capital perspective," International Journal of Production Research, Taylor & Francis Journals, vol. 56(13), pages 4490-4520, July.
    3. Ratapol Wudhikarn & Nopasit Chakpitak & Gilles Neubert, 2018. "A literature review on performance measures of logistics management : an intellectual capital perspective," Post-Print hal-02312140, HAL.
    4. repec:srs:journl:jarle:v:7:y:2016:i:7:p:1691-1699 is not listed on IDEAS
    5. Agnessa ISHAKOVA & Igor MARCHUKOV & Maxim SVESTYANOV, 2016. "Common Energy Policy and Mechanisms Aimed at Unification of Legal Regulation Related to Foreign Trade turnover of BRICS Energy Resources," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 7(7), pages 1691-1699.
    6. Elena G. Popkova & Yakov A. Sukhodolov, 2017. "Role and Meaning of Foreign Trade Cooperation in the Globalizing World Through the Example of Russia and China," Contributions to Economics, in: Foreign Trade as a Factor of Economic Growth, chapter 0, pages 47-73, Springer.
    7. Taisya Pogodaeva & Natalia Baburina & Anna Dmitrieva, 2018. "Bank financing and innovative development of Russian circumpolar area," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(3), pages 564-579, March.
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    Citations

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    Cited by:

    1. Rodríguez-Espíndola, Oscar & Chowdhury, Soumyadeb & Dey, Prasanta Kumar & Albores, Pavel & Emrouznejad, Ali, 2022. "Analysis of the adoption of emergent technologies for risk management in the era of digital manufacturing," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    2. Sergi, Bruno S. & Ključnikov, Aleksandr & Popkova, Elena G. & Bogoviz, Aleksei V. & Lobova, Svetlana V., 2022. "Creative abilities and digital competencies to transitioning to Business 4.0," Journal of Business Research, Elsevier, vol. 153(C), pages 401-411.
    3. Julia V. Ragulina & Stanislav E. Prokofyev & Tatyana V. Bratarchuk, 2021. "Managing the Risks of Innovative Activities Focused on the Consumer Market: Competitiveness vs. Corporate Responsibility," Risks, MDPI, vol. 9(10), pages 1-14, September.

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    More about this item

    Keywords

    Artificial intelligence (AI); Technology; Cybersecurity; Economic development; Risk management; Russia;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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