How AI boosts Industry profits and Innovation

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

Following an earlier Accenture Research study into the impact of AI on 12 developed economies, we assessed the effect of AI within 16 industries. Our research shows AI has the potential to boost rates of profitability by an average of 38 percentage points and could lead to an economic boost of US$14 trillion in additional gross value added (GVA) by 2035.Following an earlier Accenture Research study into the impact of AI on 12 developed economies, we assessed the effect of AI within 16 industries. Our research shows AI has the potential to boost rates of profitability by an average of 38 percentage points and could lead to an economic boost of US$14 trillion in additional gross value added (GVA) by 2035.

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How will AI reverse falling profit growth?

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

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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.

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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.

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