Boost your AIQ: Transforming to an AI Business
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Artificial intelligence (AI) enhances human capacities through sensing, comprehension, action, and learning, and its success relies on responsible design with accountability. AI is projected to significantly boost productivity and economic growth by 2035, with investments from businesses increasing. Companies are categorized into inventors, collaborators, and observers based on their AI engagement, highlighting the importance of prioritizing business goals and workforce development in AI application.
Boost your AIQ: Transforming to an AI Business
- 2. ar·ti·fi·cial in·tel·li·gence /ˌärdəˈfiSHəl inˈteləjəns/ also AI Artificial Intelligence is a constellation of technologies that extend human capabilities by sensing, comprehending, acting and learning – allowing people to do much more. Accenture believes that AI will be most successful if enterprises design responsible AI systems with built-in accountability. Copyright © 2017 Accenture. All rights reserved.
- 3. FROM EXPERIMENTAL TO EXPONENTIAL CAGR Funding for AI startups annual growth since 2010 60% Number of AI patents for AI. Annual growth since 2010 26% Proportion of 5400 IT and business execs investing in AI in next 3 years. 85% CAGR CAGR Copyright © 2017 Accenture. All rights reserved.
- 4. AI DRIVES GROWTH By 2035, productivity in key economies to grow by up to 40% ANNUAL GROWTH RATES COULD ALMOST DOUBLE BY 2035 Copyright © 2017 Accenture. All rights reserved. Real Gross Value Added (GVA) (%, Growth) Source: Accenture “Why Artificial Intelligence is the Future of Growth” 1.8 1.0 3.6 1.7 PRESENT PREDICTED STATE
- 5. DO YOU HAVE HIGH AIQ? Source: Accenture Research.Copyright © 2017 Accenture. All rights reserved. INVENTOR 14% COMPANIES 1. Use AI to transform core business 2. Develop AI in-house, benefits from owning AI-critical resources 3. Only collaborate to source talent COLLABORATIVE INVENTOR 17% COMPANIES 1. Use AI to transform core business 2. Develop AI in-house, benefits from owning AI-critical resources 3. Collaborate to share resources and to co-create AI COLLABORATOR 13% COMPANIES 1. Use AI to drive incremental value across business 2. Collaborative to adopt AI solutions and services, relatively small in-house inventions 3. Unable to own AI-critical resources or limited benefits from their ownership OBSERVER 56% COMPANIES 1. Do not fully see transformational or incremental value of AI 2. See limited benefits in owning AI-critical resources 3. Relatively small initiatives, wait and see approach 0 100 100AIQ FOR COLLABORATION AIQFORINVENTION
- 6. WHO HAS HIGH AIQ? Copyright © 2017 Accenture. All rights reserved. 2010-2016 Cumulative Data
- 7. COLLABORATIVE INVENTORS ENJOY SUPERIOR GROWTH Copyright © 2017 Accenture. All rights reserved. Other companies Collaborative inventors 2.3% 4.2% ENTERPRISE VALUE GROWTH 2013-2016 (%) AIQ FOR INVENTION AND COLLABORATION INDEX SCORE (0-100) 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 10 20 30 40 50 60 70 80 KEY
- 8. APPLYING YOUR AIQ Put people first. Define business goals before applying AI Create the future workforce by reequipping today’s people TECHNOLOGY PEOPLE Recognize the importance of data convergence DATA Copyright © 2017 Accenture. All rights reserved.
- 9. APPLYING YOUR AIQ TECHNOLOGY PEOPLE Does your AI amplify the skills of your people? Are you integrating your AI with internal and external systems? Are your proprietary AI bets truly differentiating you in the market? DATA Have you partnered with companies monetize your data? Can you integrate data with your legacy systems? Do you practice Responsible AI? Can you reskill your workforce to stay ahead of automation? Do you offer continuous on-the-job training? Can your leaders manage diverse teams? Copyright © 2017 Accenture. All rights reserved.
- 10. APPLYING YOUR AIQ – STARTUPS Embrace a platform approach Join the sharing economy TECHNOLOGY PEOPLE Automate internal processes and inspire external trust DATA Copyright © 2017 Accenture. All rights reserved.
- 11. • Seed public-private programs to share resources and best practices in the AI ecosystem. • Strengthen the international AI R&D ecosystem through better G20 cooperation • Incorporate AI in the public sector itself and create new open data platforms to support AI development. • Support the future workforce, fostering inclusive workforce models • Embrace Smart Regulation to safeguard Responsible AI POLICY RECOMMENDATIONS Copyright © 2017 Accenture. All rights reserved.
- 12. LEARN MORE Visit www.accenture.com/AIQ PAUL DAUGHERTY Chief Technology and Innovation Officer, Accenture Paul.r.daugherty@accenture.com FRANCIS HINTERMANN Global Managing Director, Accenture Research Francis.hintermann@accenture.com MADHU VAZIRANI Thought Leadership Principal Director, Accenture Research Madhu.vazirani@accenture.com LAURENCE MORVAN Managing Director, Office of the CEO Laurence.morvan@accenture.com Copyright © 2017 Accenture. All rights reserved.
Editor's Notes
- #6: 2/3 1/3 layout Pull in 100