Is The Economy Ready For AI?

Artificial intelligence is set to bring in $13 trillion to the global economy by 2030. The new AI economy is only just beginning. As we understand it now, AI is technology that enables machines to learn from data it collects and respond accordingly. It is a great factor of production and shows the potential to help industries, countries, and people excel through a learning mindset. Artificial intelligence is taking the economy by storm, are you ready?

The implementation of AI technology affects the economy in various ways. It modifies current occupations, creates automation, encourages innovation of products and services, and increases activity in the global marketplace. There is a 16% potential increase of GDP of local economies, all driven by AI expansion. The utilization of artificial intelligence will only increase and it’s safer to adopt AI than to get left behind. AI adoption brings net economic benefit while enabling up to 200% growth. Global industries need AI due to the solutions that come along such as saving money and increasing profits.

The majority of companies are behind with 60-70% of companies choosing not to/cannot invest in artificial intelligence. As AI progresses, it’s expected that 70% of companies worldwide may utilize at least one type of AI tech. The future of work is changing, and those that will succeed in the fresh economy of AI are those willing to learn new skills. AI brings opportunities for innovation and a chance to improve society. Looking at the big picture, defining success, and learning as you go are all steps to integrate AI into your business. Learn more about how to participate in the AI economy from the infographic below.
Infographic Source: https://blog.noodle.ai/the-ai-economy-are-you-ready/