$9.5 trillion. That’s the lowest annual business value economic research giant MGI (McKinsey Global Institute) estimates could be generated by AI. On the high end of the scale, they estimate it could reach $15.4 trillion.

 

While there is debate raging about the impact of AI on the economy – some experts believe it will create job loss, while others believe it will create more jobs than it eliminates – one thing is certain: businesses will reap major benefits from the increased productivity generated by AI.

 

Building a data-driven business strategy is now more vital than ever. According to the International Data Corporation, businesses will spend $52bn on AI within the next 3 years. And those who adopt early will reap the greatest advantages.

“Late adopters might find it difficult to generate impact from AI, because front-runners have already captured AI opportunities and late adopters lag in developing capabilities and attracting talent.” – MGI

 

Artificial Intelligence is no longer an issue of the future. It is impacting today’s economy in ways we have yet to even measure – from sales recommendations to the automation of unskilled work.

 

Find out what you need to know before creating your data-driven strategy. Discover what’s behind our data economy, how it works, and how you can get it to take your business from today into tomorrow.

Download our guide

 

Ready to be part of the data-driven revolution? Get in touch.

 

 

References

https://www.washingtonpost.com/business/artificial-intelligence/2018/11/13/

https://www.mckinsey.com/featured-insights/artificial-intelligence/notes-from-the-ai-frontier-applications-and-value-of-deep-learning