There are major ways in which the world economy has by now been affected by Artificial Intelligence (AI). The potential to contribute to the pool of global economic activity has risen multifold. A study conducted by the McKinsey Global Institute confirms that by the year 2030, about seventy percent of the companies would have adopted AI in some form or the other. The adoption rates for AI though could differ widely among companies, workers and even countries. Among companies, digital- natives or early adopters would be the ones primed to take key advantage. Workers will be affected by the talent recruitment patterns, where those with higher digital skills will get preference. Among countries, it is those which are either developed, or on the cusp of high growth, who will gain from most of the AI initiatives. Skilling and reskilling people is now of utmost concern for most players in the market.

Source:https://www.mckinsey.com/featured-insights/artificial-intelligence/notes-from-the-ai-frontier-modeling-the-impact-of-ai-on-the-world-economy

Uploaded Date:07 June 2019