Generative AI: Trillion-Dollar Potential and the Reshaping of Work and Productivity.
- Generative AI holds the potential to add trillions of dollars annually to the global economy, significantly amplifying the overall impact of artificial intelligence.
- Around 75 percent of generative AI’s potential value is expected to emerge in four main areas: customer interactions, marketing and sales, software development, and research and development.
- The technology can fundamentally transform the way work is carried out and boost productivity, but it requires investments in workforce reskilling as tasks become automated and job profiles evolve.
Source: McKinsey Global Institute, 14.06.2023 – 68-page report on the potential economic impact of generative AI.