Artificial intelligence will boost global GDP by 14% by 2030

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pappu857
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Artificial intelligence will boost global GDP by 14% by 2030

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The global economy will be 14% larger in 2030 as a result of the effects of artificial intelligence , according to the report Sizing the price. What is the real value of AI for your business and how can you capitalize , prepared by PwC . This is the first in a series of studies that aim to analyze its impact on the major economic areas of the planet and in eight major sectors of activity. In absolute terms, artificial intelligence will cause an additional increase in global GDP in 2030 of 15.7 trillion additional dollars, 6.6 trillion - 42% - will be generated as a result of the increase in productivity and 9.1 trillion by the effects on consumption.

The document estimates that the main impact on the global economy will come from three fundamental factors : productivity gains for companies as a result of process automation (including the use of robots and autonomous vehicles); productivity increases due to the increase in the workforce of companies with artificial intelligence technologies (augmented and assisted intelligence) and, finally, due to increased consumption, as a result of the existence of much higher quality and more personalized products and services.

North America and China will benefit the most in terms of additional activity growth - 14.5% and 26.1%. But Europe and Asia will also see considerable gains. In Southern Europe, for example, this will translate into an 11.5% higher GDP.

The study includes an index that analyses the potential impact of bahrain phone number artificial intelligence on consumption in eight sectors. Among them, health and automotive are those in which, in principle, artificial intelligence could have a greater impact, both because it will allow a higher level of personalisation of products and in terms of time savings, utility and access to data. Some of the major applications in the healthcare field will occur, for example, in the field of diagnosis, based on data analysis of large groups of patients; in the early identification of pandemics and in diagnostic imaging. While the automotive field will come with fleets of autonomous vehicles to share and with predictive maintenance of cars. In fact, the study breaks down, for each of the sectors analysed (health, automotive, financial, distribution, communication, leisure and entertainment, manufacturing, energy and transport and logistics), which will be the three areas where artificial intelligence has the greatest potential for development.

The report concludes that the adoption of artificial intelligence technologies will probably mean the disappearance of those jobs that may be redundant , but it will also mean the creation of new ones, as a consequence of increases in productivity and new consumer demands. A new profile of workers, creative and focused on developing and determining the best way to apply artificial intelligence, will be joined by another type of jobs related to the maintenance, operation and regulation of these emerging technologies. For example, to manage the circulation of autonomous vehicles on the roads, a figure equivalent to that of an air traffic controller will be necessary. Logistics services for immediate delivery, packaging and storage will also end up creating new jobs for both robots and people. Jobs that would never have existed without AI.
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