AI can increase global employment says Accenture research

Rather than replacing roles, increased investment in artificial intelligence (AI) could actually increase global employment levels by 10% by 2022.

This is one of the standout findings from a new report from global management consulting firm Accenture.

Its report, ‘Reworking and Revolution: Are you ready to compete as intelligent technology meets human ingenuity to create the future workforce?’, concludes that were business to invest in AI and human-machine collaboration at the rate as top performing companies, they could boost revenues by 38% and boost headcount by 10% by 2022.

Almost three quarters (72%) of the 1,200 senior executives surveyed said they think intelligent technology will be critical to their organisation’s market differentiation and 61% think the share of roles requiring collaboration with AI will rise in the next three years (69% in the UK).

While over half (54%) of respondents say that human-machine collaboration is important to their strategic priorities (56% in the UK), just 3% say their organisation plans to significantly increase its investment in adding to workers’ skills in the next three years (7% in the UK).

Almost two in three (63%) of senior executives across markets surveyed think that their company will create net job gains in the next three years through AI (66% in the UK). Meanwhile, most workers (62%) believe AI will have a positive impact on their work.

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