Infographic: Visualizing the Massive $15.7 Trillion Impact of AI – Visual Capitalist (blog)

on August 21, 2017 at 12:24 pm

For the people most immersed in the tech sector, its hard to think of a more controversial topic than the ultimate impact of artificial intelligence (AI) on society.

By eventually empowering machines with a level of superintelligence, there are many different possible outcomes ranging from Kurzweils technological singularity to the more dire predictions popularized by Elon Musk.

Despite this wide gap in potential outcomes, most technologists do agree on one thing: AI will have a profound impact on the society and the way we do business.

Todays infographic comes from the Extraordinary Future 2017, a new conference in Vancouver, BC that focuses on emerging technologies such as AI, autonomous vehicles, fintech, and blockchain tech.

In the below infographic, we look recent projections from PwC and Accenture regarding AIs economic impact, as well as the industries and countries that will be the most profoundly affected.

According to PwCs most recent report on the topic, the impact of artificial intelligence (AI) will be transformative.

By 2030, AI is expected to provide a $15.7 trillion boost to GDP worldwide the equivalent of adding 13 new Australias to the global economy.

Where will AIs impact be most pronounced?

According to PwC, China will be the region receiving the most economic benefit ($7.0 trillion) from AI being integrated into various industries:

Further, the global growth from AI can be divided into two major areas, according to PwC: labor productivity improvements ($6.6 trillion) and increased consumer demand ($9.1 trillion).

But how will AI impact industries on an individual level?

For that, we turn to Accentures recent report, which breaks down a similar projection of $14 trillion of gross value added (GVA) by 2035, with estimates for AIs impact on specific industries.

Manufacturing will see nearly $4 trillion in growth from AI alone and many other industries will undergo significant changes as well.

To learn more about other tech that will have a big impact on our future, see a Timeline of Future Technology.

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Jeff Desjardins is a founder and editor of Visual Capitalist, a media website that creates and curates visual content on investing and business.

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Infographic: Visualizing the Massive $15.7 Trillion Impact of AI - Visual Capitalist (blog)

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