Notes from the AI frontier: Modelling the impact of AI on the world economy
Jacques Bughin, Jeongmin Seong, James Manyika, Michael Chui and Raoul Joshi| McKinsey | September 2018
The major findings:
- There is large potential for AI to contribute to global economic activity.
- A key challenge is that adoption of AI could widen gaps among countries, companies, and workers.
By 2030, the average simulation shows that some 70 percent of companies might have adopted at least one type of AI technology.
The opportunity of AI is significant, but there is no doubt that its penetration might cause disruption. The productivity dividend of AI probably will not materialise immediately. Its impact is likely to build up at an accelerated pace over time; therefore, the benefits of initial investment might not be visible in the short term. Patience and long-term strategic thinking will be required.
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