AI-Intensive Sectors Are Showing a Productivity Surge, PwC Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Sectors more exposed to AI are experiencing almost fivefold (4.8x) greater labour productivity growth ('AI exposed' means AI can readily be used for some tasks)Postings for AI jobs are growing
The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity in professional and financial services and in information technology grew by 4.3% between 2018 and 2022 compared with gains of 0.9% across construction, manufacturing and retail, food and transport, PwC said.
In a recent report by PwC, sectors heavily reliant on artificial intelligence are witnessing a significant surge in productivity, offering hope for a broader economic upturn.