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”Businesses who adopt AI could increase their value by 120 percent”


New research from McKinsey and Quantumblack suggests UK businesses adopting AI could see their value increase by 120 percent within a decade. AI overall could provide a 22 percent GDP boost worth millions to the UK economy, according to the research.

Furthermore, the researchers warn that firms which do not integrate AI into their day-to-day business risk around 20 percent of their cash flow today. By 2030, they claim, simulations show that at least 70 % of companies could have adopted some sort of AI technology and around 50 % might have fully embraced all the five categories of AI: computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning.

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