New Accenture Research Projects AI Impact on Economic Growth

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Artificial Intelligence could double annual economic growth rates by 2035, according to a recently released report from Accenture that modeled the impact of AI on 12 developed economies, including the US. But this AI-enabled world also comes with drawbacks.

Enterprises around the world are increasingly investing in technologies for data innovation, including machine learning and even artificial intelligence (AI) as they look to close the gap with digital native companies such as Uber and Waze. But will these technologies really make a significant impact beyond these newer companies?

New research from consulting firm Accenture says it will. A report from the company shows that these technologies are poised to exert an enormous impact on economic growth rates and workforce productivity. As IT organizations help their enterprises implement such technologies, they will also help those enterprises compete in this new era.

Accenture said that AI technology could double economic growth rates by 2035 by changing the nature of work. AI’s impact on business is projected to boost labor productivity by up to 40% by changing the way work is done.

Read the source article at informationweek.com