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WHY ARTIFICIAL
INTELLIGENCE
FUTURE OF
GROWTH
ISTHE
2.6
2.1
2.5
1.7 1.6 1.4 1.4 1.7
0.8
1.6 1.7
1
4.6
4.1 3.9 3.6
3.2 3 3 2.9 2.7 2.7 2.5
1.8
BASELINE AI STEADY STATE
AI IS A NEW FACTOR OF PRODUCTION
CAPITAL AND LABOR ALONE CANNOT
DRIVE SUFFICIENT GROWTH
AI can help:
• Double annual
economic growth rates
12 COUNTRIES STUDIED
2
Real gross value added (%, growth)
Source: Accenture and Frontier Economics
• Boost labor
productivity
• Shorten the
timeline to growth
Copyright © 2016 Accenture All rights reserved.
Intelligent automation
Labor and capital augmentation
Innovation diffusion
Now humans can do
more innovative things:
3
THREE GROWTH ACCELERATORS
AI ACTS AS A CAPITAL-LABOR HYBRID
THAT DOES NOT DEGRADE OVER TIME
Huge value is going
to come from the new
goods, services and
innovations AI will enable.
DAVID AUTOR, PROFESSOR OF ECONOMICS, MIT
Copyright © 2016 Accenture All rights reserved.
4
INTELLIGENT AUTOMATION
CREATES GROWTH BEYOND
TRADITIONAL AUTOMATION SOLUTIONS
AI can:
• Adapt and flex to automate complex tasks
• Work across multiple industries or roles
• Self-learn for repeatability at scale
Copyright © 2016 Accenture All rights reserved.
5
LABOR AND CAPITAL AUGMENTATION
MAKES MORE EFFICIENT USE OF THE
WORKFORCE AND CAPITAL ASSETS
AI can:
• Help humans focus on adding value
• Complement and enhance human ability
• Improve capital efficiency
Copyright © 2016 Accenture All rights reserved.
6
INNOVATION DIFFUSION
USE AI TO STIMULATE NEW IDEAS
AI can:
• Complement technologies from new collaborations
• Create new revenue streams from data generated
• Introduce social benefits
Copyright © 2016 Accenture All rights reserved.
7
FOUR IMPERATIVES TO TRANSITION TO AI
BE READY—INTELLECTUALLY, TECHNOLOGICALLY,
POLITICALLY, ETHICALLY, AND SOCIALLY
Copyright © 2016 Accenture All rights reserved.
Prepare the next generation for AI
Integrate human intelligence
with machine intelligence
Encourage AI-powered regulation
Create adaptive, self-improving
regulation to keep pace with
technological change
Advocate an AI code of ethics
Manage the ethical and societal issues
that can slow AI progress
Address redistribution effects
Clearly articulate AI benefits and create
strategies to address concerns
8
ABOUT THE STUDY
ACCENTURE INSTITUTE FOR
HIGH PERFORMANCE
EXPERT
INTERVIEWS
EXTENSIVE SECONDARY RESEARCH
into how AI generates economic growth
12
countries
ECONOMIC
MODELING
50%of the world’s
economic output
Spain Sweden United Kingdom United States
Germany Italy Japan Netherlands
Austria Belgium Finland France
that
together
generate
Copyright © 2016 Accenture All rights reserved.
PAUL DAUGHERTY
Chief Technology Officer
Accenture
MARK PURDY
Managing Director-Economic Research
Accenture
9
CONTACT US
www.accenture.com/futureofAI
Copyright © 2016 Accenture All rights reserved.
10
ABOUT ACCENTURE
Accenture is a leading global professional services
company, providing a broad range of services and
solutions in strategy, consulting, digital, technology and
operations. Combining unmatched experience and
specialized skills across more than 40 industries and all
business functions—underpinned by the world’s largest
delivery network—Accenture works at the intersection of
business and technology to help clients improve their
performance and create sustainable value for their
stakeholders. With approximately 375,000 people
serving clients in more than 120 countries, Accenture
drives innovation to improve the way the world works
and lives. Visit us at www.accenture.com.
ABOUT ACCENTURE
INSTITUTE FOR HIGH
PERFORMANCE
The Accenture Institute for High Performance develops
and communicates breakthrough ideas and practical
insights on management issues, economic trends and
the impact of new and improving technologies. Its
worldwide team of researchers collaborates with
Accenture’s strategy, digital, technology and operations
leadership to demonstrate, through original, rigorous
research and analysis, how organizations become and
remain high performers. For more information, follow
@AccentureINST or visit www.accenture.com/institute.
Copyright © 2016 Accenture All rights reserved.

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AI and the Future of Growth

  • 2. 2.6 2.1 2.5 1.7 1.6 1.4 1.4 1.7 0.8 1.6 1.7 1 4.6 4.1 3.9 3.6 3.2 3 3 2.9 2.7 2.7 2.5 1.8 BASELINE AI STEADY STATE AI IS A NEW FACTOR OF PRODUCTION CAPITAL AND LABOR ALONE CANNOT DRIVE SUFFICIENT GROWTH AI can help: • Double annual economic growth rates 12 COUNTRIES STUDIED 2 Real gross value added (%, growth) Source: Accenture and Frontier Economics • Boost labor productivity • Shorten the timeline to growth Copyright © 2016 Accenture All rights reserved.
  • 3. Intelligent automation Labor and capital augmentation Innovation diffusion Now humans can do more innovative things: 3 THREE GROWTH ACCELERATORS AI ACTS AS A CAPITAL-LABOR HYBRID THAT DOES NOT DEGRADE OVER TIME Huge value is going to come from the new goods, services and innovations AI will enable. DAVID AUTOR, PROFESSOR OF ECONOMICS, MIT Copyright © 2016 Accenture All rights reserved.
  • 4. 4 INTELLIGENT AUTOMATION CREATES GROWTH BEYOND TRADITIONAL AUTOMATION SOLUTIONS AI can: • Adapt and flex to automate complex tasks • Work across multiple industries or roles • Self-learn for repeatability at scale Copyright © 2016 Accenture All rights reserved.
  • 5. 5 LABOR AND CAPITAL AUGMENTATION MAKES MORE EFFICIENT USE OF THE WORKFORCE AND CAPITAL ASSETS AI can: • Help humans focus on adding value • Complement and enhance human ability • Improve capital efficiency Copyright © 2016 Accenture All rights reserved.
  • 6. 6 INNOVATION DIFFUSION USE AI TO STIMULATE NEW IDEAS AI can: • Complement technologies from new collaborations • Create new revenue streams from data generated • Introduce social benefits Copyright © 2016 Accenture All rights reserved.
  • 7. 7 FOUR IMPERATIVES TO TRANSITION TO AI BE READY—INTELLECTUALLY, TECHNOLOGICALLY, POLITICALLY, ETHICALLY, AND SOCIALLY Copyright © 2016 Accenture All rights reserved. Prepare the next generation for AI Integrate human intelligence with machine intelligence Encourage AI-powered regulation Create adaptive, self-improving regulation to keep pace with technological change Advocate an AI code of ethics Manage the ethical and societal issues that can slow AI progress Address redistribution effects Clearly articulate AI benefits and create strategies to address concerns
  • 8. 8 ABOUT THE STUDY ACCENTURE INSTITUTE FOR HIGH PERFORMANCE EXPERT INTERVIEWS EXTENSIVE SECONDARY RESEARCH into how AI generates economic growth 12 countries ECONOMIC MODELING 50%of the world’s economic output Spain Sweden United Kingdom United States Germany Italy Japan Netherlands Austria Belgium Finland France that together generate Copyright © 2016 Accenture All rights reserved.
  • 9. PAUL DAUGHERTY Chief Technology Officer Accenture MARK PURDY Managing Director-Economic Research Accenture 9 CONTACT US www.accenture.com/futureofAI Copyright © 2016 Accenture All rights reserved.
  • 10. 10 ABOUT ACCENTURE Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 375,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com. ABOUT ACCENTURE INSTITUTE FOR HIGH PERFORMANCE The Accenture Institute for High Performance develops and communicates breakthrough ideas and practical insights on management issues, economic trends and the impact of new and improving technologies. Its worldwide team of researchers collaborates with Accenture’s strategy, digital, technology and operations leadership to demonstrate, through original, rigorous research and analysis, how organizations become and remain high performers. For more information, follow @AccentureINST or visit www.accenture.com/institute. Copyright © 2016 Accenture All rights reserved.