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Why AI Is the Future of Growth

Trend Summary: The world may be in the midst of a new industrial revolution fuelled by artificial intelligence.

According to Mark Purdy, managing director of Accenture Research: “We believe that artificial intelligence has the potential to drive much faster growth in the global economy." Moreover AI isn’t simply a ...

... technology that improves productivity, it’s also a form of capital and a virtual labour force.

In a study across twelve developed economies, Accenture found that embracing AI could double the annual economic growth rate of GDP by 2035.

Moreover, in a subsequent Accenture study which assessed the impact of AI within sixteen industries, research indicated that AI has the potential to boost rates of profitability by an average of thirty-eight percent,  thereby negating the low-profits spiral in which many corporations have become locked in the past decade.

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[Estimated timeframe:Q3 2017]

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