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Sizing the prize
What’s the real value of AI for your business and how can you capitalise?
+14%
According to PwC research carried out for this report, global GDP could be up to 14% higher in 2030 as a result of AI – the equivalent of an additional $15.7 trillion – making it the biggest commercial opportunity in today’s fast changing economy
+26%
The greatest gains from AI are likely to be in China (boost of up to 26% GDP in 2030) and North America (potential 14% boost). The biggest sector gains will be in retail, financial services and healthcare as AI increases productivity, product quality and consumption.
/AI
Defining AI
In our broad definition, AI is a collective term for computer systems that can sense their environment, think, learn, and take action in response to what they’re sensing and their objectives.
Forms of AI in use today include, among others, digital assistants, chatbots and machine learning. AI works in four ways:
Automated intelligence: Automation of manual/cognitive and routine/non-routine tasks.
Assisted intelligence: Helping people to perform tasks faster and better.
Augmented intelligence: Helping people to make better decisions.
Autonomous intelligence: Automating decision making processes without human intervention.
As humans and machines collaborate more closely, and AI innovations come out of the research lab and into the mainstream, the transformational possibilities are staggering.
Human in the
No human in
loop
the loop
Hardwired
Assisted
Automation
/specific
Intelligence
Automation of
systems
AI systems that
manual and
assist humans in
cognitive tasks
making decisions
that are either
or taking actions.
routine or non-
Hard-wired
routine. This does
systems that do
not involve new
not learn from
ways of doing
their interactions.
things – automates
existing tasks.
Adaptive
Augmented
Autonomous
systems
Intelligence
Intelligence
AI systems that
AI systems
augment human
that can adapt
decision making
to different
and continuously
situation
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