AI is already reshaping industries. IDC predicts AI solutions and services will deliver a staggering $22.3 trillion global impact by 2030. This news article outlines what's driving that growth and why organisations can't afford to delay their AI strategy. Read the article for insights, and contact NCS IT Ltd to discuss how your business can prepare for the platform shift.
What is the projected economic impact of AI by 2030?
According to IDC, investments in AI solutions and services are projected to generate a cumulative global impact of $22.3 trillion by 2030, which represents approximately 3.7% of the global Gross Domestic Product (GDP).
How does AI investment affect the economy?
Every new dollar spent on AI solutions and services is anticipated to generate an additional $4.9 in the global economy, highlighting the significant multiplier effect of AI investments on productivity and business acceleration.
What initiatives are being taken to promote AI development?
Significant initiatives such as the Stargate project in the U.S., the EU InvestAI initiative, and France's AI compute projects are being implemented to create AI hubs and factories, fostering innovation and enhancing regional competitiveness.