Computer Vision for Economic Activity Monitoring

One of the most creative methods for real-time economic pattern analysis and interpretation is the use of computer vision in economic activity monitoring. The purpose of this study is to investigate computer vision technologies and assess their potential for automating the collection and analysis of visual data. If they did, it would allow for quicker and more accurate evaluations of economic activity. This study demonstrates how computer vision may be used to track several economic indicators, such as retail sales, the growth of infrastructure, and agricultural productivity. This is achieved through the use of complex algorithms for image recognition, pattern analysis, and object detection. The study highlights the benefits of using computer vision in place of more conventional data collection methods. Its effectiveness, scalability, and ability to provide thorough insights into the operation of the economic system are a few of these benefits. The purpose of this research is to demonstrate how computer vision can enhance decision-making processes for businesses and policymakers by giving them a better knowledge of patterns of economic activity. With the aid of case studies and experimental evaluations, this work was effectively finished. These results should be considered since they could have significant effects on how better policy planning and economic forecasting are done.

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Publication Details

Published
2024-12-12
DOI
https://doi.org/10.1109/icses63760.2024.10910691
Primary Topic
Economic and Technological Systems Analysis
Type
article
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article

Computer Vision for Economic Activity Monitoring

Devika Pillay, Nada Qasim Mohammed, Hameed Hassan Khalaf, K. Santhanalaxmi et al.
Economic and Technological Systems Analysis
article

Computer Vision for Economic Activity Monitoring

Devika Pillay, Nada Qasim Mohammed, Hameed Hassan Khalaf, K. Santhanalaxmi, Ryam Majed Khazal, Diana Erudiyanathan
article en

Abstract

One of the most creative methods for real-time economic pattern analysis and interpretation is the use of computer vision in economic activity monitoring. The purpose of this study is to investigate computer vision technologies and assess their potential for automating the collection and analysis of visual data. If they did, it would allow for quicker and more accurate evaluations of economic activity. This study demonstrates how computer vision may be used to track several economic indicators, such as retail sales, the growth of infrastructure, and agricultural productivity. This is achieved through the use of complex algorithms for image recognition, pattern analysis, and object detection. The study highlights the benefits of using computer vision in place of more conventional data collection methods. Its effectiveness, scalability, and ability to provide thorough insights into the operation of the economic system are a few of these benefits. The purpose of this research is to demonstrate how computer vision can enhance decision-making processes for businesses and policymakers by giving them a better knowledge of patterns of economic activity. With the aid of case studies and experimental evaluations, this work was effectively finished. These results should be considered since they could have significant effects on how better policy planning and economic forecasting are done.

Dean College (US), Institute of Public Enterprise (IN), Al-Nisour University College (IQ), SASTRA University (IN)
Openalex Percentile: Top 54%
Economic and Technological Systems Analysis
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