① According to a report released by PwC on Tuesday (May 21), productivity in some AI-intensive industries is growing faster than others; ② These industries include financial services, information technology, etc., and productivity has increased 4.3% in the four years up to 2022; ③ PwC executives pointed out that more job advertisements emphasized the importance of artificial intelligence skills.
AFP, May 21 (Editor: Zhou Ziyi) - According to a recent report by PricewaterhouseCoopers, one of the world's top four accounting firms, the productivity growth rate of some companies most likely to incorporate artificial intelligence technology into their business is almost 5 times that of other industries, which is expected to boost the overall economy.
According to a report released on Tuesday (May 21), productivity in the financial services, information technology and other industries increased by 4.3% between 2018 and 2022, while productivity in the construction, manufacturing, retail, food and transportation industries increased by only 0.9%.
This shows that the rise of artificial intelligence can help countries break the bottleneck of low productivity growth, which will boost economic growth, wages, and living standards.
Furthermore, the report also shows that jobs requiring artificial intelligence skills — including AI experts and non-AI professionals — have average wage premiums of 25% and 14% in the US and the UK, respectively.
The PwC report tracks and analyzes more than 500 million job advertisements from 15 wealthy countries and uses data from the Organization for Economic Cooperation and Development (OECD).
Carol Stubbings, head of global marketing and tax and legal services at PricewaterhouseCoopers, said that industries where productivity has increased significantly have placed more emphasis on the importance of artificial intelligence skills in employee job advertisements, which shows that artificial intelligence has played a role in increasing productivity in these industries.
She also pointed out that as companies increasingly deploy some generative artificial intelligence that can be used by non-professionals, the productivity growth trend brought about by this technology is likely to accelerate.
Last week, International Monetary Fund (IMF) Managing Director Kristalina Georgieva (Kristalina Georgieva) mentioned that artificial intelligence is impacting the global labor market “like a tsunami” and could affect 60% of jobs in advanced economies within the next two years.
She pointed out, “If we manage it properly, artificial intelligence can really boost productivity.”