CEOs must reskill their workforce to seize AI opportunities: Accenture - Which-50

Businesses risk missing major growth opportunities unless CEOs take immediate steps to pivot their workforces and equip their people to work with intelligent technologies, according to new research by Accenture. The Accenture Strategy report, Reworking the Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce?, estimates that if businesses invest in AI and human-machine collaboration at the same rate as top performing companies, they could boost revenues by 38 per cent by 2022 and raise employment levels by 10 per cent. Collectively, this would lift profits by US$4.8 trillion globally over the same period. For the average S&P500 company, this equates to US$7.5 billion of revenues and a US$880 million lift to profitability. Both leaders and workers are optimistic about the potential of AI on business results and on work experiences, according to the study.