Artificial Intelligence (AI) will contribute $19.9 trillion through 2030 and drive 3.5% of global GDP in 2030, according to new research from IDC, The Global Impact of Artificial Intelligence on the Economy and Jobs.
The research also showed that almost all leaders (98%) prioritise AI for their organisations.
AI's impact
The research reveals that every new dollar spent on business-related AI solutions and services will generate $4.60 into the global economy in 2030.
Lapo Fioretti, senior research analyst, Emerging Technologies and Macroeconomics at IDC, said: "By automating routine tasks and unlocking new efficiencies, AI will have profound economic consequences, reshaping industries, creating new markets, and altering the competitive landscape."
Better with AI
IDC's Future of Work Employees Survey reveals that employees expect some (48%) or most (15%) of their work will be automated by AI and other tech over the next two years. Further, only 3% of employees expect their jobs to be fully automated by AI.
"Understandably, we're all curious to know if AI will replace our jobs," said Rick Villars, group vice president of Worldwide Research, IDC. "As a CEO interviewed by IDC's Andrea Siviero said, 'Based on this research, it's clear that we should be asking ourselves how our jobs can be made easier and better by AI. AI will not replace your job, but someone who knows how to use AI better than you will.'"
