What the Coming AI Revolution Means for the Workplace

This is the transformative promise of artificial intelligence (AI), whose vast array of applications has seized the attention of investors and business leaders, largely because of the technology's potential to turbo-charge the economy by boosting productivity. This year, venture capital firms invested $4.9 billion in AI ventures in the second quarter 2019, compared with $2.7 billion in the first quarter. A recent PwC survey of more than 1,000 U.S. business executives found that 20 percent now describe the state of intelligent automation and AI at their organization as a "fully optimized" aspect of their business. Some 84 percent said implementing AI "at scale" in their organizations will be necessary in the next three years. The AI market is expected to grow to $70 billion by next year, according to PwC estimates.