How AI Will Impact The Economy

AI has the potential to change the nature of work, and the new ai economy is only just beginning. Artificial intelligence could bring $13 trillion to the global economy by 2030 - but implementing AI technology comes with unique challenges. People are nervous that AI will lead to possible job elimination or unwilling to adapt to the unknown technology. However, AI continues to progress and by 2030, it is expected that around 70% of companies could utilize some kind of AI technology. Artificial intelligence is going to take the global economy by storm, forcing businesses to either adopt AI or get left behind.

AI affects the economy by the modification of occupations, innovation of products/services, and an increased activity in the global marketplace. There’s a net economic benefit when adopting AI that includes saving money on operations and maintenance, therefore increasing profits. The majority of companies are falling behind as AI infiltrates industries and people are unwilling to learn new skills. Those who commit the time, clearly outline problems, and learn as they go will be able to successfully integrate AI into business and stay ahead of competitors. The key to benefiting from AI is to start building today. Learn more about the AI Economy from the infographic below.