20171017-普华永道咨询_深圳_-Sizing_the_prize__What_s_the_real_value_of_AI_for_your_business_and_how_can_you_capitalise__28页_928kb_928kb

AI Business Impact Summary

Core Content

Artificial Intelligence (AI) is poised to significantly transform the global economy, offering both substantial opportunities and challenges for businesses. PwC's analysis highlights that AI could contribute up to $15.7 trillion to global GDP by 2030, representing a +14% boost. China is expected to see the largest GDP increase at +26%, while North America is likely to experience a +14% uplift. The most valuable sectors for AI adoption include retail, financial services, and healthcare, where AI can drive productivity, product quality, and consumption.

Main Points

• AI as a Game Changer: AI is a transformative force with the potential to reshape industries and economies globally.
• Productivity Gains: AI is expected to drive the largest initial economic impact through automation and augmentation of tasks.
• Consumer Demand: Over time, AI will enhance product and service quality, leading to increased consumer demand and GDP growth.
• Regional Impact: China and North America are the leading regions for AI adoption, with China likely to see a slower but more substantial GDP boost by 2030.
• Job Displacement and New Opportunities: While some jobs may become obsolete, AI will also create new employment opportunities in technology development, maintenance, and regulation.

Key Sectors and Opportunities

Healthcare

• Biggest AI Potential:
  • Supporting diagnosis through health data analysis.
  • Early identification of pandemics and disease tracking.
  • Imaging diagnostics (radiology, pathology).
• Consumer Benefits: Faster and more accurate diagnoses, leading to improved health outcomes and longer-term breakthroughs like intelligent implants.
• Time Saved: Effective prevention reduces hospitalisation and illness risks.
• Timing:
  • Ready to go: Smarter scheduling and medical insurance.
  • Medium-term: Data-driven diagnostics and virtual drug development.
  • Longer-term: Robot doctors for diagnosis and treatment.
• Barriers: Privacy concerns, complexity of human biology, and the need for regulatory acceptance.

Automotive

• Biggest AI Potential:
  • Autonomous fleets for ride sharing.
  • Semi-autonomous driver assist features.
  • Engine monitoring and predictive maintenance.
• Consumer Benefits: Increased flexibility and convenience with on-demand vehicle usage.
• Time Saved: The average American spends nearly 300 hours a year driving, which could be redirected to other activities.
• Timing:
  • Ready to go: Automated driver assistance systems.
  • Medium-term: On-demand parts manufacturing and maintenance.
  • Longer-term: Fully autonomous vehicle maintenance.
• Barriers: Need for advanced technology, consumer trust, and regulatory approval.

Financial Services

• Biggest AI Potential:
  • Personalised financial planning.
  • Fraud detection and anti-money laundering.
  • Process automation for both back-office and customer-facing operations.
• Consumer Benefits: More tailored and holistic financial solutions that adapt to individual needs.
• Timing:
  • Ready to go: Fraud detection and automation.
  • Medium-term: Personalised financial planning.
• Barriers: Regulatory challenges and the need for robust data systems.

AI Impact Index

The AI Impact Index evaluates nearly 300 use cases across eight sectors, highlighting the potential value, personalisation, time saved, utility, and data availability for each subsector. Key findings include:

• Healthcare (3.7/4.0): High potential for AI in diagnosis and personalisation.
• Automotive (3.7/3.9): Strong potential in autonomous fleets and predictive maintenance.
• Financial Services (3.3/4.6): High data availability and utility, but need for regulatory clarity.
• Transportation and Logistics (3.2/3.7): AI can enhance efficiency and reduce costs.
• Technology, Communications and Entertainment (3.1/4.3): High data availability but less immediate impact.

How to Respond

• Fast Adoption: Businesses in high-potential sectors should act quickly to capitalise on AI-driven opportunities and avoid being outpaced by competitors.
• Invest in Capabilities: Focus on acquiring talent, technology, and data access to leverage AI effectively.
• Strategic Planning: Use the AI Impact Index to identify where and when to invest, and how to mitigate risks and barriers.
• Responsible Development: Ensure AI is implemented in a transparent and ethical manner to maintain stakeholder trust and customer confidence.

Critical Assumptions

• The economic model used assumes a steady-state baseline for growth, which includes population, capital stock, and technological change.
• AI's impact is not a direct growth prediction but rather an assessment of the economic prize it can unlock.
• The speed of AI adoption varies by region and sector, which can influence the distribution of global GDP gains.

Conclusion

AI presents a massive opportunity for businesses across the globe, with significant potential for growth, innovation, and competitive advantage. While challenges such as job displacement and regulatory acceptance remain, the long-term benefits of AI in enhancing productivity, personalisation, and consumer demand are substantial. Strategic investment and responsible implementation are key to capitalising on this transformation.