Artificial Intelligence will have a strong impact on a large part of the economy and the labour market in the coming years. The technologies we have known so far have had the potential to increase the efficiency of the tasks workers undertook  and to automate the most mechanical of them (e.g. production lines). Artificial Intelligence is changing the landscape as it has the potential to automate non-repetitive tasks such as decisions that experts need to make (e.g. medical diagnoses, legal strategies). 

This means that the dynamics of the labour market are changing. Occupations that have not been confronted with automation before (e.g. doctors, programmers) will see their jobs changing. But this does not necessarily mean fewer or worse paid jobs, as technology also has the potential to create new, more complex, and better paid tasks for workers (e.g. in the past X-Ray machine technicians, CGI programmers in films). 

If Greek and European businesses and governments seize the opportunity properly, AI can change our economy for the better for everyone, increasing productivity and wages, not only for those with the highest level of education but for all working people. But to achieve this, instead of increasing inequalities further, the right policies need to be put in place. 

The aim of the Artificial Intelligence & the Economy Division is to build these policies for both businesses and the state, in Greece and in Europe. This concerns policies for taxation, retraining of the workforce, but also an industrial policy suitable for the challenges of the 21st century.