It is generally presumed that new technologies and machines kill jobs and render people helpless. The world is witnessing latest technologies like AI (Artificial Intelligence), IoT, and OTT. While many fear that AI will kill jobs, a report by Accenture has revealed that AI, instead, will help in creation of 10% more employment.
The Accenture Strategy report was released at the world Economic Forum (WEF) in Davos, Switzerland where PM Modi and actor Shahrukh Khan took part.
The report said that if enterprises invest in Artificial Intelligence (AI) and human-machine collaboration, this would enhance revenues by 38 per cent by 2022 and raise employment levels by 10 per cent. Collectively, this would lift profits by $4.8 trillion globally.
The report added: "For the average S&P500 company, this equates to $7.5 billion of revenues and a $880 million lift to profitability."
According to Mark Knickrehm, Group Chief Executive, Accenture Strategy: "To achieve higher rates of growth in the age of AI, companies need to invest more in equipping their people to work with machines in new ways."
Ellyn Shook, Chief Leadership and Human Resources Officer, Accenture, commented, "Business leaders must take immediate steps to pivot their workforce to enter an entirely new world where human ingenuity meets intelligent technology to unlock new forms of growth."
The report said that if enterprises invest in Artificial Intelligence (AI) and human-machine collaboration, this would enhance revenues by 38 per cent by 2022 and raise employment levels by 10 per cent. Collectively, this would lift profits by $4.8 trillion globally.
The report added: "For the average S&P500 company, this equates to $7.5 billion of revenues and a $880 million lift to profitability."
According to Mark Knickrehm, Group Chief Executive, Accenture Strategy: "To achieve higher rates of growth in the age of AI, companies need to invest more in equipping their people to work with machines in new ways."
Ellyn Shook, Chief Leadership and Human Resources Officer, Accenture, commented, "Business leaders must take immediate steps to pivot their workforce to enter an entirely new world where human ingenuity meets intelligent technology to unlock new forms of growth."
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