Scoop Business » Artificial Intelligence could double NZ's growth rate

AUCKLAND 30 May 2017 – Accenture is today releasing research – Why Artificial Intelligence is the Future of Growth – which shows New Zealands growth rate could double between now and 2035 if emerging technologies are embraced. Artificial Intelligence could double New Zealand's growth rate in the next 20 years AUCKLAND 30 May 2017 – Accenture is today releasing research – Why Artificial Intelligence is the Future of Growth – which shows New Zealand's growth rate could double between now and 2035 if emerging technologies are embraced. Accenture New Zealand Technology Lead, Mary-Anne McCarthy says New Zealand could use innovative artificial intelligence (AI) technologies as a tool to transform our thinking about how growth is created, and significantly boost labour production. "AI has the potential to boost labour productivity, driven by innovative technologies enabling people to make more efficient use of their time. There has been a marked decline in the ability of increases in capital investment and in labour to propel economic progress, yet long-term pessimism is unwarranted. AI has the potential to overcome the physical limitations of capital and labour and open up new sources of value and growth."