The Impact of Artificial Intelligence on Higher Education and the Economics of Information Technology

Abstract

This article explores the influence of Artificial Intelligence (AI) on higher education and the economics of information technology. The rapid advancements in AI have the potential to revolutionize the way universities deliver education and how the IT industry operates. This study employs the IMRAD method to investigate the current state of AI in higher education, its economic implications, and future prospects. The findings suggest that AI can enhance teaching and learning experiences, streamline administrative processes, and open up new revenue streams for universities. However, the adoption of AI also presents challenges, such as the need for significant investments in infrastructure and the potential for job displacement. The article concludes with recommendations for universities and policymakers to harness the benefits of AI while mitigating its risks.