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RECLAIM YOUR DIGITAL GOLD

card, but you will still be greeted by name, and the teller
will be fully aware of the history of your bank accounts.
This is a great example of the type of personalization
that is possible with AI.

HOW AI CAN BE USED TO BOOST
ECONOMIC GROWTH FURTHER

According to the vast majority of studies, AI will have a
significant impact on various aspects of the economy.
Recent Accenture research predicts that AI will be able
to quadruple yearly growth rates in the global economy
by 2035, covering a total of 12 industrialized economies
that collectively contribute more than 50 percent of the
world’s economic output (Accenture, 2016).

There are three major ways in which AI will propel this
progress. To begin, it will result in a significant increase
in labor productivity (by up to 40%), owing to the
development of innovative technologies that will make
workforce-related time management more efficient.
Second,artificial intelligence will result in the creation of
a new virtual workforce, dubbed “intelligent automation”
by the researchers,capable of problem-solving and self-
learning. Third,the economy will benefit from the spread
of innovation, which will impact various industries and
create new revenue streams. This will boost the global
economy.

A study produced by PwC (PricewaterhouseCoopers),
an international professional business services brand of
firms,estimated that therapid advancementandadoption
of AI could lead to a 14 percent increase in global GDP

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