Sizing up the impact of Artificial Intelligence

According to a new report by PwC, Artificial Intelligence (AI) could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined. The greatest gains from AI are likely to be in China (boost of up to 26% GDP in 2030) and North America (potential 14% boost). The biggest sector gains will be in retail, financial services and healthcare as AI increases productivity, product quality and consumption. Increased productivity and consumer demand In the near-term, economic uplift from AI is likely to come from improved productivity. This includes automation of routine tasks, augmenting employees' capabilities and freeing them up to focus on higher value-adding work.