AI will augment people's capabilities but won't take all jobs. However, there will be socioeconomic upheaval, warns PwC's authority on AI, Anand Rao. Anand Rao is PwC global leader for artificial intelligence (AI) and is the consulting giant's innovation lead for the US analytics practice. Rao has 24 years of industry and consulting experience, helping senior executives to structure, solve and manage critical issues facing their organisations. He has worked extensively on business, technology and analytics issues across a wide range of industry sectors including financial services, healthcare, telecommunications, aerospace and defence, across US, Europe, Asia and Australia.

Executives who once relied firmly on their intuition and experience are now face-to-face with machines that can learn from massive amounts of data. It's time to welcome science into the C-suite, yielding analysis to algorithms, to find a new mix of mind and machine. PwC's Data and Analytics Survey 2016: Big Decisions TM shows that most executives say their next big decision will rely mostly on human judgment, minds more than machines. However, with the emergence of artificial intelligence, we see a great opportunity for executives to supplement their human judgment with data-driven insights to fundamentally change the way they make decisions.[1] "This is an inflection point," says Anand Rao, an innovation lead in PwC's data & analytics practice, speaking of the growing role of machine learning in the business world.