According to
PricewaterhouseCoopers, the UK’s GDP will be up to £232bn higher in 2030 as a direct result of Artificial Intelligence (AI).
Furthemore, they also estimate that AI
will add more than $15 trillion to the global economy by 2030. Analysts predict that AI
will make companies more efficient, allowing them to introduce new products across a range of sectors. Cost savings made from applying AI
to legacy systems, as well as revenues generated from new services and hardware, underpin this massive potential.
Although It is somewhat true that new technologies always get hyped,
when it comes to AI, however, it might be wise to take that hype seriously. Why? Because AI-powered tech is already all around us, with everyone from car makers to tech giants to healthcare companies using it to boost their businesses.
AI is here, and the market for it is growing. Forward-looking investors should consider what companies are doing in this space. Over the next few years, more and more businesses will be talking about how AI is transforming their industries, and how they're taking advantage of the technology to keep up with, and outpace, their competitors.
Every major industry is already using AI to extend its dominance in its respective areas, and their level of commitment to AI demonstrates that it is anything but the current overhyped tech fad.
AI is here to stay. Talk to us today to see how we can transform your business.