Sync NI - Artificial intelligence could add £650 billion to the UK economy by 2035

Artificial Intelligence could almost double the UK's economic growth rate and boost the country's labour productivity by up to 40 per cent by 2035, according to a research report from Accenture. The market report, 'Why Artificial Intelligence is the Future of Growth,' suggests AI is poised to fundamentally change the nature of work and create an entirely new level of interaction between man and machine, both in the UK, elsewhere in the EU and further afield. The net result could be a dramatically more productive economy in the UK, with the adoption of artificial intelligence technologies by the private and public sectors almost doubling the country's economic growth rate and thereby adding an extraordinary £650 billion to the UK economy by 2035. "AI is poised to transform business in ways we've not seen since the impact of computer technology in the late 20th century," explained Paul Daugherty, Chief Technology Officer at Accenture. "The combinatorial effect of AI, cloud, sophisticated analytics and other technologies is already starting to change how work is done by humans and computers, and how organisations interact with consumers in startling ways.