AI Safety Fundamentals: Governance

The Economic Potential of Generative AI: The Next Productivity Frontier

April 16, 2024 BlueDot Impact Season 2 Episode 2
The Economic Potential of Generative AI: The Next Productivity Frontier
AI Safety Fundamentals: Governance
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AI Safety Fundamentals: Governance
The Economic Potential of Generative AI: The Next Productivity Frontier
Apr 16, 2024 Season 2 Episode 2
BlueDot Impact

This report from McKinsey discusses the huge potential for economic growth that generative AI could bring, examining key drivers and exploring potential productivity boosts in different business functions. While reading, evaluate how realistic its claims are, and how this might affect the organization you work at (or organizations you might work at in the future).

Original text:
https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier

Authors:
Michael Chui et al.

A podcast by BlueDot Impact.

Learn more on the AI Safety Fundamentals website.

Show Notes Chapter Markers

This report from McKinsey discusses the huge potential for economic growth that generative AI could bring, examining key drivers and exploring potential productivity boosts in different business functions. While reading, evaluate how realistic its claims are, and how this might affect the organization you work at (or organizations you might work at in the future).

Original text:
https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier

Authors:
Michael Chui et al.

A podcast by BlueDot Impact.

Learn more on the AI Safety Fundamentals website.

Key Insights
Customer operations: Improving customer and agent experiences
Marketing and sales: Boosting personalization, content creation, and sales productivity
Software engineering: Speeding developer work as a coding assistant
Product R&D: Reducing research and design time, improving simulation and testing
Work and productivity implications
Automation potential has accelerated, but adoption to lag
Generative AI’s potential impact on knowledge work
Generative AI could propel higher productivity growth