Macroeconomic Growth Opportunities of Artificial Intelligence: How Can You Thrive Amidst Transformation?
AI integration will propel global GDP by US$7 trillion by 2030 in an accelerated investment scenario
Overview
AI’s impact on global businesses in the past decade cannot be overstated. Large-scale and real-time data analysis and highly accurate prediction capabilities of artificial intelligence (AI)/machine learning (ML) algorithms are significantly improving the decision-making process. Moreover, AI’s ability to take over routine and low-skill tasks will help firms shift their employees to higher value-added activities, hence, shifting to a higher productivity curve in the long term. Integration of AI has become a key competitive advantage and as a result, private investments have scaled rapidly. This macroeconomic thought leadership takes a quantitative as well as qualitative approach to analyze the impact of AI on the global economy and various industries between 2024 and 2030.
By 2030, AI investment will expand by a CAGR of 33.6% in the baseline scenario, whereas under the accelerated scenario, investments are forecast to reach US$2 trillion. While China and the US will remain leaders in AI private investment, the favorable policy support and exponential demand for AI applications within the European Union, Japan, Singapore, India, Malaysia, and Saudi Arabia will make these nations key players in the global AI industry. AI’s accelerated implementation has the potential to propel global GDP by over $7 trillion by 2030, underscoring its significance in shaping the global economic landscape.
- What is the macroeconomic impact of the ongoing AI transformation and how can you benefit from a multivariate regression analysis approach to ascertain scenario-wise impacts on key economic indicators such as GDP and labor productivity?
- How can your team leverage the top macroeconomic growth opportunities stemming from AI and explore AI investments across different countries and regions?
- Which growth drivers can help you understand the impact of AI on industries and optimize your qualitative approaches?
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