"The short answer, according to Morgan Stanley's report, is that corporate adoption of AI has the capacity to reshape the future of work, saving businesses nearly $1 trillion a year. The report, "AI Adoption and the Future of Work," which was viewed by Fast Company, suggests S&P 500 companies could accrue annual net benefits totaling some $920 billion a year. The bank looked at potential future states of AI-driven labor impacts, and saw benefits from cost reduction and a productivity lift."
"They also found adopting AI could translate into some $13 to 16 trillion in long-term market value creation potential for those S&P 500 companies. What's the fine print? The savings won't come all at once. Morgan Stanley's analysis shows there will be some upfront costs at the beginning of the rollout, and also the returns won't come in for a while, likely years."
Corporate AI adoption could reshape the future of work, saving businesses nearly $1 trillion annually and delivering about $920 billion in annual net benefits for S&P 500 companies. AI-driven labor changes yield cost reductions and productivity gains, with a significant portion of savings coming from reduced employment and natural attrition as tasks are automated. Long-term market value creation potential for S&P 500 firms is estimated at $13 to $16 trillion. Implementation entails upfront costs and delayed returns, likely taking years before full benefits materialize. About 90% of jobs will be impacted by automation or augmentation to varying extents. Highest pre-tax savings appear in consumer staples distribution, retail, real estate management, development, and transportation.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]