Will There Be An AI Productivity Boom?


Can artificial intelligence ever boost productivity of firms and industries the way the PC and ... [ ] networking did in the '80s and '90s? A big pastime of economists in the 1980s and 1990s was trying to gauge how much corporate and industrial productivity would benefit from the then-novel phenomena of personal computers, workgroup servers, and computer networking. At first it was hard to see, but in time, economists did indeed find evidence that information technology contributed to boosting economic productivity. It's too soon to expect to see data showing a similar boom from artificial intelligence, today's big IT revolution. The technology is just becoming industrialized, and many companies have yet to even try to use things such as machine learning in any significant way.

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