Türkiye Can Leverage the Power of Innovation, Artificial Intelligence, and Fintech to Enhance Productivity

Abstract

The aim of this study is to reveal what Türkiye should do to increase its economic and social productivity according to the GII, fintech index, and AI index analyses. Based on the total scores of the GII, fintech, and AI indices were analyzed with K-Means clustering algorithm and linear projection methods. Türkiye needs to make a breakthrough in areas such as fintech and artificial intelligence, which are at the beginning of the digital age. In particular, it needs to focus on innovation and imitation, which can be combined into a new term, "imovation." Türkiye needs to increase its production of innovative products on a global scale. Focusing on and improving its competencies in this field is critical for economic and social productivity. Unlike previous studies, this study has been analyzed by selecting 51 countries that include all three of the Global Innovation, Fintech and AI indices. Based on these indices, Türkiye has been compared with other countries and what Türkiye needs to do for economic and social productivity has been revealed.

Keywords

• küresel i̇novasyon endeksi
• fintech endeksi
• yapay zeka endeksi
• verimlilik
• türkiye
• global innovation index
• fintech index
• ai index
• productivity