Artificial intelligence (AI) technologies have become an important component of commerce around the world in recent years. Artificial intelligence includes a set of technologies used to automate business processes, perform data analysis, support decision-making, and give businesses a competitive advantage. Therefore, the impact of artificial intelligence on international trade is quite wide. Here are a few examples of the effects of artificial intelligence on international trade:
Automation: AI reduces labor costs by automating production processes and the service industry. This helps to reduce production costs and make products that offer competitive prices competitive in the international market.
Data Analysis and Personalization: Artificial intelligence helps us understand consumer behavior by analyzing large amounts of data. This allows companies to customize their products and services to better suit customer needs. Personalization increases customer satisfaction and is an important factor for maintaining customer loyalty in the international market.
Supply Chain Management: Artificial intelligence plays a huge role in supply chain management. It can be used to improve demand forecasts, optimize stock levels, and improve logistics processes using data analysis and forecasting models. This increases supply chain efficiency and contributes to the smooth functioning of global trade.
Customs and Border Operations: Artificial intelligence can increase efficiency in customs and border operations. For example, it can automatically analyze customs declarations and identify potential risks. At the same time, it can offer optimizing solutions in logistics and transportation processes.
Overcoming Language and Cultural Barriers: Artificial intelligence can help overcome language and cultural barriers. Natural language processing and machine translation technologies facilitate communication between people who speak different languages. This increases the volume of international trade.
