How AI boosts Industry profits and Innovation

Posted by Accenture on Jan 8, 2019 2:20:25 PM
Accenture

Unleashing AI Power

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.

Source: https://www.accenture.com/nl-en/insight-ai-industry-growth

Screen Shot 2018-12-17 at 21.43.02

 

How will AI reverse falling profit growth?

Ai can reverse the cycle of low profitability across industries through three channels:

Screen Shot 2018-12-17 at 21.44.52

What's Next?

The impact of AI in your industry

“#AI could boost average profitability rates by 38% and lead to an economic increase of US $14 TN by 2035.”

Fuelling Industry Growth

AI has the potential to markedly increase industry growth. Information and Communication, Manufacturing and Financial Services are the three sectors that will benefit most from the application of AI.

Screen Shot 2018-12-17 at 21.48.34Screen Shot 2018-12-17 at 21.48.42

AI offers unprecedented profitability opportunities. For example, manufacturing has a forecast share-of-profit increase of 39 percent due to AI-powered systems whose ability to learn, adapt and evolve over time can eliminate faulty machines and idle equipment.

Screen Shot 2018-12-17 at 21.49.55Screen Shot 2018-12-17 at 21.50.04

Percentage increase in industry profits with AI, compared to expected baseline profit levels in 2035. 
Source: Accenture and Frontier Economics

What's Next?

Eight AI strategies to lead in the new

Eight AI Strategies

To help organizations prepare their AI strategies to lead in the new, consider how to:

Screen Shot 2018-12-17 at 21.51.10

Topics: Artificial Intelligence