Global Economic Impact of Artificial ‍Intelligence to Reach $19.9 Trillion by 2030

The International Data ⁢Corporation (IDC) ‍has released an analytical report stating that the ‌global economic impact​ of artificial​ intelligence ​(AI) will be approximately $19.9⁣ trillion by 2030.

According ‌to the ‌report, the AI ‍sector is expected to account for 3.5% of global GDP in 2030, driven by companies’ investments in AI solutions and services.

IDC analysts have considered various factors, including the costs of implementing AI solutions, their integration into existing operations,‌ and the improvement‍ of ‍products and services⁢ offered to​ businesses and consumers.

The report highlights that ⁤every $1 invested in AI solutions ⁤and services will​ generate $4.6 in⁣ global GDP through⁢ direct and indirect impact.

AI Adoption and Economic Consequences

Lapo Fioretti, chief analyst of New⁤ Technologies and Macroeconomics⁣ at‍ IDC, notes that the period of faster development⁤ and implementation⁣ of‌ AI solutions began in 2024,‍ driven by the need to optimize operating costs.

Fioretti emphasizes that AI will have profound economic⁣ consequences, transforming entire ⁢industries, creating new⁣ markets, ⁣and changing competitive landscapes.

Automation and ⁤Job⁤ Creation

A survey of IDC⁣ respondents reveals that 48% expect some of their ​work functions to ‍be automated⁢ through AI solutions‍ and other technologies in the coming years.

About ‌15% of​ respondents consider the automation of most of their work⁣ functions likely, while 3% expect full ‍automation.

Although AI adoption may negatively impact some activities, new job opportunities will emerge in global​ organizations, such as AI⁣ ethicists, according to IDC.