Brian Wallace

Founder @ NowSourcing. Contributor @ Hackernoon, Advisor @GoogleSmallBiz, Podcaster, infographics

A Look at the AI Economy

Are you ready for the AI economy? Over the next decade artificial intelligence could add upwards of $13 trillion to the global economy, and by 2030 the majority of companies could be using some form of artificial intelligence. There’s a downside to all this, however. Worldwide as many as 375 million workers could need to be retrained for new jobs as AI takes over the repetitive tasks and the heavy lifting. Overall, artificial intelligence is expected to have a positive impact on the global economy, even if there is a temporary period of human displacement that follows its implementation.
So what can AI do for business? For shipping companies artificial intelligence has helped them to save fuel by optimizing delivery routes, prevented costly breakdowns by predicting when trucks and equipment need maintenance, and has prevented empty space in trucks from being moved around by optimizing deliveries. In agriculture, AI can predict planting and harvesting times for optimal yields. In retail and manufacturing, AI can optimize scheduling, increase quality, predict customer behavior, and more.
Artificial intelligence has the power to do great good in the world if we adequately prepare for it. While it may not be immediately apparent how your company can benefit from AI, more progress is being made with this technology daily. Companies like Google are working to bring AI to everyone, while governments are working to be world leaders in the technology. Learn more about the future of AI and the AI economy from the infographic below:

Tags

Comments

More by Brian Wallace

Live Video
Sharing Economy
Uc
Rideshare
Technology
Cannabis
Fintech
Sxsw
Internet Of Things
Health
Blockchain
Sxsw
Artificial Intelligence
Pets
Sharing Economy
Depression
Coffee
Student Loans
Small Business
Education
Cannabis
Health
Social Media
Life
Artificial Intelligence
Drugs
Artificial Intelligence
Linkedin
Healthcare
Millennials
Iot
Customer Service
Virtual Reality
Marketing
Energy
Internet Of Things
Cannabis
Health
Ghosts
Cloud Computing
Social Media
Writing
Blockchain
Leadership
Cannabis
Movies
Robotics
Apple
Freelancing
Education
Psychology
Health
Bitcoin
Job Hunting
Bitcoin
Artificial Intelligence
Sleep
Life After Ai
Innovation
Health
Blockchain
Bitcoin
Blockchain
Networking
Real Estate
Augmented Reality
Tech
Bitcoin
Education
Augmented Reality
Tech
Security
Women In Tech
Bitcoin
Bitcoin
Photography
Journalism
Bitcoin
Work Life Balance
Bitcoin
Social Media
Social Media
Startup
Cats
Startup
Social Media
Amazon
Science Fiction
Internet
Virtual Reality
Cybersecurity
Blockchain
Recycling
Linkedin
Sharing Economy
Topics of interest