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.
How will AI reverse falling profit growth?
Ai can reverse the cycle of low profitability across industries through three channels:
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.
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.
Percentage increase in industry profits with AI, compared to expected baseline profit levels in 2035.
Source: Accenture and Frontier Economics
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: