The economic potential of generative AI: The next productivity frontier.
By Chui, M., Hazan, E., Roberts, R., Singla, A., Smaje, K., Sukharevsky, A., & Yee, L.
Chui, M., Hazan, E., Roberts, R., Singla, A., Smaje, K., Sukharevsky, A., & Yee, L. (2023, June). The economic potential of generative AI: The next productivity frontier. McKinsey & Company.
This report from McKinsey quantifies the transformative impact of generative artificial intelligence on the global economy. It estimates that generative AI could add trillions of dollars in value annually across sectors. The report identifies specific use cases where AI significantly boosts labor productivity by automating routine cognitive tasks. It also addresses challenges such as reskilling and ethical implications. By providing data-backed insights, this source serves as a critical benchmark for executives and policymakers planning digital strategies.