Artificial Intelligence Boosts Global Trade by 40%, Says WTO
Sourse: dairynews.today
The World Trade Organization (WTO) has released a report indicating that artificial intelligence (AI) could elevate the value of global trade by up to 40%.
The impact extends significantly to the agricultural sector, including the dairy industry. According to the analysis, AI is poised to revolutionize areas such as production, distribution, and market strategies within the dairy sector, offering a new growth engine. This technology could optimize cattle feeding, predict milk yields, and improve animal health monitoring, among other benefits.
Moreover, AI's role in enhancing the traceability of dairy products could bolster consumer confidence in product quality and safety. Beyond production logistics, AI's analytical prowess may be valuable in market demand prediction, pricing strategy, and inventory management, paving the way for dairy companies to tap into new business opportunities and export markets. Furthermore, the WTO suggests AI could lower trade barriers and transaction costs internationally, thereby improving the efficiency of the dairy trade. The technological advancement calls for dairy producers, industries, and governments to embrace AI for enhanced productivity and competitiveness.
Moreover, AI's role in enhancing the traceability of dairy products could bolster consumer confidence in product quality and safety. Beyond production logistics, AI's analytical prowess may be valuable in market demand prediction, pricing strategy, and inventory management, paving the way for dairy companies to tap into new business opportunities and export markets. Furthermore, the WTO suggests AI could lower trade barriers and transaction costs internationally, thereby improving the efficiency of the dairy trade. The technological advancement calls for dairy producers, industries, and governments to embrace AI for enhanced productivity and competitiveness.
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