Accenture study
Growth spurt through artificial intelligence
Corporate profits will rise sharply thanks to artificial intelligence: This is the conclusion of an Accenture study. But which sectors will benefit the most?
The study highlights the enormous growth potential of artificial intelligence.
© Fotolia, monsitj
Manufacturing can benefit the second most from AI technologies in terms of gross value added, with a growth potential of 4.4% by 2035. Without the use of AI, growth of just 2.1% is forecast.
© AccentureThe consulting firm Accenture has conducted a study on the future impact of artificial intelligence (AI) on corporate profits. According to the study, additional increases of 38% on average by 2035 are possible with the successful use of artificial intelligence. Furthermore, the study forecasts a potential growth spurt of 12.5 trillion euros from AI in terms of gross value added over the same period for the 16 sectors examined in twelve industrialized countries, including Germany.
The forecast up to 2035: Corporate profits of companies in the manufacturing technology sector are expected to increase by 39%.
Which sectors will benefit?
The IT and communications sector, the manufacturing industry and the financial services sector could benefit the most from artificial intelligence compared to all other sectors examined. According to the study, their gross value added has a growth potential of 4.8%, 4.4% and 4.3% per year respectively up to 2035. This means that these three economic sectors alone could generate additional gross value added totaling 5.38 trillion euros in the aforementioned period.
Even in employment-intensive sectors such as education and social services, where productivity growth is traditionally low, the use of AI technologies could generate an additional EUR 98 billion and EUR 194 billion respectively by 2035.
The targeted analysis of future company earnings by sector shows the diverse areas of application for artificial intelligence: In employment-intensive sectors such as wholesale and retail, AI complements the skills of employees. Profits here could increase by almost 60 % through more efficient use of the workforce alone. This requires continuous upskilling in the workplace, for example by developing skills in dealing with intelligent machines. Significant increases in efficiency are also possible in capital-intensive sectors such as production: thanks to predictive maintenance of machines and better plant utilization through AI, profits could increase by 39% by 2035, according to the forecast.
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