Accenture Research: AI Boosts Industry Profits

Artificial Intelligence (#AI) on average can boost company profits by 38% —@pauldaugh

  • — Accenture Research

    The above key findings was derived from comprehensive new research on the potential economic impact of artificial intelligence (AI) in GVA, a close approximation of GDP that accounts for the value of goods and services produced, developed by Accenture Research in collaboration with Frontier Economics.

  • Here are 10 significant takeaways from the new Accenture Research on AI and its potential economic impact:

    1.

  • To prepare for a successful future with AI, business leaders should consider the following eight strategies:

    To further understand the economic impact of AI, Salesforce commissioned a report from IDC on how AI-powered CRM – the fastest growing and soon-to-be largest category of enterprise software – will impact GDP growth and the job market.

  • Here are the key findings:

    Here’s the link to Accenture’s full AI research report.

  • The report found that AI could double annual economic growth rates by 2035 and boost labor productivity by up to 40 percent by fundamentally changing the way work is done.

“Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035. The introduction of AI…
Continue reading “Accenture Research: AI Boosts Industry Profits”

Accenture Research: AI Boosts Industry Profits

Artificial Intelligence (#AI) on average can boost company profits by 38% —@Accenture

  • — Accenture Research

    The above key findings was derived from comprehensive new research on the potential economic impact of artificial intelligence (AI) in GVA, a close approximation of GDP that accounts for the value of goods and services produced, developed by Accenture Research in collaboration with Frontier Economics.

  • Here are 10 significant takeaways from the new Accenture Research on AI and its potential economic impact:

    1.

  • To prepare for a successful future with AI, business leaders should consider the following eight strategies:

    To further understand the economic impact of AI, Salesforce commissioned a report from IDC on how AI-powered CRM – the fastest growing and soon-to-be largest category of enterprise software – will impact GDP growth and the job market.

  • Here are the key findings:

    Here’s the link to Accenture’s full AI research report.

  • The report found that AI could double annual economic growth rates by 2035 and boost labor productivity by up to 40 percent by fundamentally changing the way work is done.

“Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035. The introduction of AI…
Continue reading “Accenture Research: AI Boosts Industry Profits”

What It Will Take for Us to Trust AI

What It Will Take for Us to Trust #AI #IBMWatson

  • AI systems must be built from the get-go to operate in trust-based partnerships with people.
  • We also expect AI systems to pervasively support the decisions we make in our professional and personal lives in just a few years.
  • Bias could be introduced into an AI system through the training data or the algorithms.
  • Trust of AI systems will be earned over time, just as in any personal relationship.
  • But most experts believe that by thoroughly testing these systems, we can detect and mitigate bias before the system is deployed.

Ethics and accountability.
Continue reading “What It Will Take for Us to Trust AI”

What It Will Take for Us to Trust AI

  • AI systems must be built from the get-go to operate in trust-based partnerships with people.
  • We also expect AI systems to pervasively support the decisions we make in our professional and personal lives in just a few years.
  • Bias could be introduced into an AI system through the training data or the algorithms.
  • Trust of AI systems will be earned over time, just as in any personal relationship.
  • But most experts believe that by thoroughly testing these systems, we can detect and mitigate bias before the system is deployed.

Ethics and accountability.
Continue reading “What It Will Take for Us to Trust AI”