Abstract
The steady decline in business profitability across multiple industries threatens to erode future investment, innovation and shareholder value. Fortunately, a new factor of production---artificial intelligence (AI)---is emerging that can help kick-start profitability. AI consists of multiple technologies that can be combined in different ways to sense, comprehend, act and learn. Accenture research shows that AI has the potential to boost rates of profitability by an average of 38 percent by 2035 and lead to an economic boost of US$14 trillion across 16 industries in 12 economies by 2035. But this will only happen if organizations adopt a people-first mindset and take bold and responsible steps to apply AI technologies to their business. Our research has identified eight cross-industry strategies to help seize the AI opportunity.
Users
Please
log in to take part in the discussion (add own reviews or comments).