APPLICATION OF ARTIFICIAL INTELLIGENCE IN INDUSTRIAL PRODUCTION OF THE REPUBLIC OF SRPSKA

Faculty of Business Economics Bijeljina, University of East Sarajevo, Republic of Srpska, Bosnia and Herzegovina
Bosnia and Herzegovina


Abstract

The main goal of the research within this paper is to improve the socio-economic development of the Republic of Srpska through the application of modern achievements of artificial intelligence (AI) in various sectors, with an emphasis on supporting business entities, the public sector and local communities.By applying artificial intelligence, recommendations will be made for further development and improvement of business, through the improvement of existing legal regulations that regulate the establishment and operation of business entities, thus creating conditions for strengthening the competitiveness of the economy of the Republika Srpska and concluding international trade agreements as basic legal instruments for the development of the international economy. This paper will use all methods that could contribute to its higher quality. Primarily referring to methods that are characteristic of social research, which will include scientific description and content analysis (with synthesis), then inductive-deductive, historical and comparative analysis. The hypothesis of the work is the application of artificial intelligence that can contribute to the development of industrial production in the Republic of Srpska, with an emphasis on the energy sector, renewable energy sources, wood processing and metal industries, as well as small and medium-sized manufacturing enterprises. The result of the work is reflected in pointing out the advantages provided by artificial intelligence, based on which, in conjunction with legal science, it can lead to the stimulation of the development of industrial production and international trade in a multipolar world.

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References


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