/Artificial Intelligence Will Enable 38% Profit Gains By 2035

Artificial Intelligence Will Enable 38% Profit Gains By 2035

Source |2017-06-27T19:12:19+00:00Jun 22nd, 2017|Categories: Post|Tags: |0 Comments

A summary of key takeaways from a recent Accenture and Frontier Economics report How AI Boosts Industry Profits and Innovation. Some of the study’s findings include:

  1. AI will increase economic growth by an average of 1.7% across 16 industries by 2035 with Information and Communication, manufacturing and financial services leading all industries
  2. AI technologies could increase labor productivity 40% or more, doubling economic growth in 12 developed nations.
  3. AI impact on economic output for professional services second only to manufacturing.

See Forbes article.

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