AI Trend

PwC report evaluates AI potential, how a business can capitalize AI & its impact on world economy by 2030

Artificial Intelligence based technologies will contribute nearly $15.7 trillion to the global economy in 2030, per a report published by Price Waterhouse Coopers (PwC). Of the contribution, $6.6 trillion is likely to come from increased business productivity by organizations who will use AI to automate and augment their workforces, while remaining $9.1 is expected to come from increased consumption from those customers who will look for better and higher-quality goods. The report analyzed AI’s role in the global economy between the present time and 2030 and included various regional economies and eight commercial sectors. PwC analysts further reported that the increased adoption rate of AI will result in higher GDP jumps also and will supposedly go up to 14%. Amongst the regions likely to...

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