Page 113 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 1, 2020, pp. 113-132

GENERAL IMPLEMENTATION PROCESSES OF ARTIFICIAL
INTELLIGENCE AND ITS ECONOMIC EFFECTS IN
HUNGARY

1
Ilkin Seyidzade and Dr. Rudnak Ildiko 2
1 Ph.D. student at Szent Istvan University, Godollo, Hungary,
E-mail: ilkin.seyidzade@gmail.com
2 Dr.Associate professor at Szent Istvan University, Institute of Social Sciences,
Godollo, Hungary, E-mail: rudnak.ildiko@gtk.szie.hu

Received 10 January 2019; accepted 20 May 2020; published online 10 July 2020

ABSTRACT:
In the modern scientific world, Artificial Intelligence (AI) and its widespread use are
being broadly investigated. However, while some countries have already excelled in
implementing AI in the business environment, others are in the stage of developing and
learning the process. Hungary is one of the countries where AI is expected to have a bright
future has also joined this process. The main goal of this research is to investigate the
steps that are crucial in the implementation of AI-based models in the business.
Furthermore, the Hungarian approach has been researched as a case study to give a better
image of the governmental approach towards the new technology. The authors investigate
the primary requirements of AI implementation in general, in line with the steps that take
to the successful implementation. Moreover, the difficulties and criticism of the new
technologies have been researched to see their relevance in the Hungarian case. The
author has also learned about the economic effects of AI in Hungary, and the industries in
the country that have already applied to use it. Furthermore, government incentives and
efforts, together with current trends in the country have been presented to the reader.

Keywords: Artificial intelligence; computer; future perspectives; new technologies;
Hungary

JEL Classification: O30, O31, O38, O52

INTRODUCTION
Nowadays, Artificial Intelligence (AI) is present in almost every aspect of life and
has a significant impact not only on our lives and work but also in providing the
foundations for a new, innovative business model, a new technological milestone.
New goods are being implanted as virtual assistants, whereas chatbots are replying
client inquiries on everything, the use of automatic and robotic tools is characteristic
of almost every field of manufacturing and production.
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