Early signs suggest AI is fuelling a productivity boom

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Productivity News

Productivity Boom

Business which are most likely to use AI are seeing growth in productivity that is almost five times faster than elsewhere.

which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.

The data suggested that the rise of AI could help countries to break out of a rut of low productivity growth that would boost economic growth, wages and living standards, PwC said in a report published on Tuesday. Carol Stubbings, leader of PwC Global Markets and Tax & Legal Services, said highly productive sectors had faster growth in job ads for people with AI skills than without, suggesting AI played a role in these sectors’ higher productivity.

Source: News Formal (newsformal.com)

Productivity Boom

 

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