What is Artificial Intelligence Preparedness Index?
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The International Monetary Fund (IMF) unveiled its AI Preparedness Index (AIPI) is offering insights into the readiness of 174 global economies for artificial intelligence (AI) integration. Countries were categorized into Advanced Economies (AEs), Emerging Market Economies (EMs), and Low-Income Countries (LICs).The index evaluates readiness across digital infrastructure, human capital policies, innovation, economic integration, and regulatory frameworks. According to IMF research, AI could impact 33% of jobs in AEs, 24% in EMs, and 18% in LICs, reshaping global employment dynamics significantly. The index is based on data from Fraser Institute, International Labour Organization, International Telecommunication Union, United Nations, United Nations Conference on Trade and Development, Universal Postal Union, World Bank, and World Economic Forum.The (AI Preparedness Index) AIPI Dashboard serves as a critical tool for policymakers and researchers to assess readiness and formulate inclusive policies harnessing AI’s transformative potential while mitigating its socio-economic impacts.The Index ranks India at the 72nd position out of 174 economies globally with score index of 0.492 for AI readiness, on the report published on 25 June,2024.