Artificial intelligence and big data: Digital innovations and the new paradigm of economic governance

The rapid advancement of Artificial Intelligence (AI) and Big Data analytics is fundamentally reshaping economic governance on a global scale. Governments increasingly integrate data-driven decision-making, automation, and predictive analytics to optimize economic policies, enhance public administration efficiency, and foster sustainable development. This study critically examines the role of AI and Big Data in economic governance, with a particular focus on Azerbaijan, Kazakhstan, and Europe. Through the analysis of statistical data and case studies, it evaluates the transformative impact of these technologies. Furthermore, the study addresses key challenges, including ethical considerations, cybersecurity risks, and the policy frameworks necessary to ensure equitable and inclusive AI-driven governance.