The Role of Artificial Intelligence in Digital Transformation of Foreign Trade
Chapter from the book:
Erdoğan,
U.
(ed.)
2024.
Current International Trade Applications.
Synopsis
Foreign trade is defined as the trade of goods and services between countries and is a major part of globalization. In foreign trade, artificial intelligence technologies provide many benefits in terms of accurately managing factors such as productivity, quality, value and logistics. AI is emerging as an instantly evolving construct that has the power to reform foreign trade by simplifying steps, increasing efficiency and modernizing decision-making. Recently, the level of development of artificial intelligence technology has become one of the visible essentials of this structure, as its place in the foreign trade sector has become clear. This article contributes to the determination of the advantages and disadvantages of the use of artificial intelligence technologies in the foreign trade sector.