Tag: artificial intelligence

AI’s Impact on Professional Occupations

The Industrial Revolution upended manual labor, replacing many jobs that were done with human muscle with machines that could do the job quicker and cheaper. The unfolding Artificial Intelligence (AI) Revolution is largely coming after the jobs of the more educated professional class as business uses for AI increases.

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Business Uses for Artificial Intelligence

According to an analysis by Goldman Sachs, over the next 10 years artificial intelligence (AI) could increase economic productivity by 1.5% per year, resulting in a 30% or more jump in S&P 500 profits over the next decade. The anticipated productivity gains means that its use will be spread wide and deep into almost every facet of the American economy, from manufacturing and services to marketing and advertising.

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