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

preserved, and foreign investments can also be attracted to the country (Fine et al.,
2018).

Table 2: The Hungarian labor market from 2020 to 2030 – expected results

Source: PWC, 2019

Of course, technological innovations need to be educated, on the one hand, because a
skilled workforce is crucial for the competitiveness of businesses, and on the other hand,
the workforce needs to adapt to these innovations. In addition to the fact that the
acquisition of the basics of technology must be included in the curricula of primary and
secondary schools, adult education is also essential, which must take the form of on-the-
job training. The transition to automation needs to be taught, then measured and
monitored. Regarding the private sector, policymakers will also offer incentives, e.g.
innovation grants, which will target technology transitions (Fine et al., 2018).

CONCLUSION
As mentioned at the beginning of the article, there are plenty of companies that are
unaware of the way AI functions. To apply to AI-based models, those companies
should consider the main aspects, and make sure that a) standardization has been
implemented, b) complete data set is available and ready, c) the given data, and
information is concise and singular. Furthermore, some other requirements should
be met, such as, checking which data is needed to be and how reliable and up-to-date
that data is. The validation process is also important to pay attention to.

Furthermore, maintaining a proper infrastructure by choosing the right platforms for
AI models is also important. In general terms, the company should integrate the new
technology into the existing system. For achieving this, first of all, the company

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