Barclays/IBM: AI Productivity Boom and Beyond

Summary of https://www.ib.barclays/content/dam/barclaysmicrosites/ibpublic/documents/our-insights/AI-impact-series/ImpactSeries_12_brochure.pdf

This report, written by Barclays Research and the IBM Institute for Business Value, explores the potential of artificial intelligence (AI) to drive productivity growth across different industries.

The report analyzes the advantages of AI's accessibility and versatility, showing how it can automate tasks and improve efficiency in various sectors, including insurance and food manufacturing.

It also considers how AI could address challenges related to aging workforces in developed economies and low productivity in developing economies.

The report discusses potential drawbacks of AI, such as job displacement, and emphasizes the importance of responsible development and deployment of the technology to maximize its benefits and mitigate its risks.

The report concludes by suggesting that AI, when combined with human intelligence and appropriate policies, has the potential to usher in a new era of productivity growth.