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These frameworks have led to big efficiency wins: the traditional tender procedures take between four months and one year to complete while the framework procedure takes between four and six weeks on average. The Cabinet Office reported that in the period between 2009/2010 and 2012/2013, direct government spend on SMEs increased from 6.5%
Total Venture Capital Investment in Artificial Intelligence from 2012 to 2022 in LAC5 (USD billions) Source: Chart elaborated by the authors using data from OECD AI Policy Observatory. AI Can Improve Efficiency of Tax Administrations AI also promises to revolutionize tax administration. trillion) by 2030 [2]. The model foresaw a 19.4%
billion in 2012 to $33.3 billion in 2012 to $1.8 While Korean contractors have become more cautious in bidding for new projects, they have been gradually transforming their business portfolios to focus on public-privatepartnership (PPP), independent power producers (IPP), and renewable energy projects.
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