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AI Predicted To Galvanise Future Global Growth

Trend Summary:  The steady decline of corporate profits since 2010 threatens future investment, innovation and shareholder value.


According to Accenture Research, the traditional drivers of economic growth - labour, capital and productivity - are not delivering their usual lift, despite which the world could be on course for ...

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... a new industrial revolution fuelled by artificial intelligence, boosting global economic growth back to its heydays of the 1960s and 1970s.

Says Accenture Research managing director Mark Purdy: "AI isn’t simply a technology that improves productivity, it’s a form of capital and a virtual labor force on its own, adding “it can be an individual factor of production by itself.” 

In a study across twelve developed economies, Accenture found that by 2035 embracing AI could double the annual economic growth rate of GDP.

Read the original unabridged partners.wsj.com article.

[Estimated timeframe:Q3 2017]

All data sources are attributed with links to the original insight. The insight is then summarised and, where appropriate, enhanced with additional information.

Source: partners.wsj.com
MTT insight URL: http://marketingtrendtracker.com/article.aspx?id=7233



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