A.I. Could Spur Global Growth As Much As The Steam Engine
September 19, 2018 | Arria Staff

CNBC published an article reviewing the findings of a report of the McKinsey Global Institute on the growing Artificial Intelligence market. Highlights include:

  • Artificial intelligence could contribute an additional 1.2 percent to annual GDP growth for at least the next decade, according to McKinsey Global Institute.
  • The institute's model expects about 70 percent of companies will adopt at least one form of AI by 2030, and that a significant portion of large firms will use a full range of the technology.
  • The McKinsey analysis found that countries that establish themselves as AI leaders — mostly developed economies— could capture 20 to 25 percent more in economic benefits compared to current levels.

Arria is positioned to be an active, contributing part of this exploding market with its Studio for BI plugins and underlying NLG technologies.


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