Macroeconomic Growth Opportunities of Artificial Intelligence, 2024-2030
An Accelerated AI Investment Scenario will Propel Global GDP by $7 Trillion by 2030
27-Aug-2024
Global
Market Research
AI’s impact on global businesses in the past decade cannot be overstated. Large-scale and real-time data analysis and highly accurate prediction capabilities of AI/machine learning (ML) algorithms are significantly improving decision making processes. Moreover, AI’s ability to take over routine and low-skill tasks will help firms shift their employees to higher-value-add activities, thus shifting to a higher productivity curve in the long term. The integration of AI has become a key competitive advantage, and as a result, private investments have scaled rapidly. This macroeconomic thought leadership report takes a quantitative and qualitative approach to analyzing the impact of AI on global economies and various industries between 2024 and 2030.
By 2030, AI investment will expand at a CAGR of 33.6% in the baseline scenario, whereas under the accelerated scenario, investments are forecast to reach $2 trillion. While China and the United States will remain leaders in AI private investments, the favorable policy support and exponential demand for AI applications within the European Union, Japan, Singapore, India, Malaysia, and Saudi Arabia will make these nations key participants in the global AI industry. AI’s accelerated implementation has the potential to propel the global GDP by over $7 trillion by 2030, underscoring its significance in shaping the global economic landscape.
This thought leadership report analyzes the macroeconomic impact of the ongoing AI transformation and uses a multivariate regression analysis approach to ascertain scenario-wise impacts on key economic indicators, such as GDP and labor productivity.
Key Features
Key Themes
- Macroeconomic growth opportunities stemming from AI
- Countries to action: AI investment and policy outlook
- Impact of AI on Industries: a qualitative approach
- Growth opportunities
Author: Rituparna Majumder
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Macroeconomic Growth Opportunities of Artificial Intelligence (AI)
Growth Opportunities Fuel the Growth Pipeline Engine™
Macroeconomic Growth Opportunities of AI: An Overview
Macroeconomic Growth Opportunities of AI: Drivers and Restraints
Economic Metrics
Definition of AI
AI Investment Overview
Impact of AI Investment—Framework
Impact of AI Investment—Methodology
X-Variable Analysis—AI Investment Scenario Assumptions
X-Variable Analysis—AI Investment Outlook by Scenario
X-Variable Analysis—AI Investment Outlook by Geography and Scenario
X-Variable Analysis—Labor Indicator Outlook
X-Variable Analysis—Scientific Publication Outlook
X-Variable Analysis—Material and Infrastructure Indicator Outlook
Multivariate Regression Output
Y-Variable Analysis—Labor Productivity Outlook by Scenario
GDP Outlook by Scenario
Employment Outlook and Occupational Shift
Key Macroeconomic Disruptors and Occupational Shift
Job Displacement Scenario Assumptions
Job Displacement
Role of Government
AI Investment and Policy Outlook—United States
AI Investment and Policy Outlook—China
AI Investment and Policy Outlook—Europe
AI Investment and Policy Outlook—Other Key Countries
Three Pillars of the AI Impact Assessment Framework
Healthcare
Healthcare (continued)
Manufacturing
Manufacturing (continued)
Banking and Finance
Banking and Finance (continued)
Growth Opportunity 1: Healthcare
Growth Opportunity 1: Healthcare (continued)
Growth Opportunity 2: Manufacturing
Growth Opportunity 2: Manufacturing (continued)
Growth Opportunity 3: Banking and Finance
Growth Opportunity 3: Banking and Finance (continued)
List of Exhibits
List of Exhibits (continued)
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Key Features
Key Themes
- Macroeconomic growth opportunities stemming from AI
- Countries to action: AI investment and policy outlook
- Impact of AI on Industries: a qualitative approach
- Growth opportunities
Author: Rituparna Majumder
Deliverable Type | Market Research |
---|---|
Author | Rituparna Majumder |
Industries | Cross Industries |
No Index | No |
Is Prebook | No |
Podcast | No |
WIP Number | PFNJ-01-00-00-00 |