An Empirical Illustration of How Socioeconomic Stakeholders Can Leverage AI and Big Data

Abstract

This chapter illustrates how artificial intelligence (AI) can be applied to analyze big data for the benefit of socioeconomic stakeholders. The research question was how state-of-the-art AI software could be used to help decision makers, particularly after major global crises such as climate change, natural disasters, and pandemics. In this chapter, the issues and controversies of big data and AI software are discussed. After an extensive literature review, this chapter proposes, develops, and tests an AI model using big data and AI statistical software. The concept was proven with sample data and a simulation. This AI big data modeling concept is argued to be valuable to many socioeconomic stakeholders, including computer science researchers and academic scholars.