The Economist Intelligence Unit report

Summary

The video highlights how AI could boost global GDP by 14% or $15.7 trillion by 2030, emphasizing the importance of responsible AI deployment for long-term trust and success. Sponsored by Google, the report "Staying Ahead of the Curve: The Business Case for Responsible AI" from The Economist Intelligence Unit outlines the strategic advantages of responsible AI practices. It details seven key areas where responsible AI can enhance product quality, improve talent engagement, ensure data security, support regulatory readiness, drive growth, strengthen stakeholder relationships, and maintain brand trust. Each area will be explored in detail in future materials.

Takeaways

• 📈 AI could potentially increase global GDP by 14%, equating to up to $15.7 trillion by 2030.
• 🤝 Responsible, inclusive, and fair AI deployment is crucial for realizing economic benefits.
• 🏆 Successful AI is synonymous with responsible AI, fostering long-term trust.
• 📊 Responsible AI practices offer business leaders a strategic and competitive advantage.
• 📝 An original report titled 'Staying Ahead of the Curve: The Business Case for Responsible AI' was sponsored to explore the benefits of responsible AI.
• 🔍 The report is developed by The Economist Intelligence Unit, showcasing the value of responsible AI in an AI-driven world.
• 📚 Extensive research, expert interviews, and surveys informed the findings in the report.
• 👥 The report reflects insights from developers, industry leaders, and end users of AI.
• 🌐 The report highlights the connection between business goals and responsible AI initiatives.
• 📈 Key areas impacted by responsible AI include product quality, talent retention, data management, regulatory readiness, growth, stakeholder relationships, and brand trust.

Q & A

What is the projected impact of AI on global GDP by 2030 according to PricewaterhouseCoopers?

AI could boost global GDP by 14%, amounting to approximately $15.7 trillion by 2030.

Why does Google emphasize the responsible deployment of AI?

Google believes that responsible, inclusive, and fair deployment of AI is crucial for realizing the projected economic benefits and building trust in AI technologies.

What strategic advantage does responsible AI offer to business leaders?

Responsible AI practices provide business leaders with a strategic and competitive advantage, ensuring successful and trustworthy long-term AI deployment.

What is the title of the report sponsored by Google regarding responsible AI?

The report is titled 'Staying Ahead of the Curve: The Business Case for Responsible AI.'

Who developed the report on responsible AI sponsored by Google?

The report was developed by The Economist Intelligence Unit (EIU), the research and analysis division of The Economist Group.

How was the data for the report on responsible AI collected?

The data was collected through extensive research, industry-expert interviews, and an executive survey program.

What are some core business considerations affected by responsible AI according to the report?

Responsible AI practices can enhance product quality, improve talent management, ensure better data security, and foster stronger stakeholder relationships.

How does responsible AI contribute to talent acquisition and retention?

Responsible AI improves the outlook on talent acquisition, retention, and engagement, helping organizations attract and keep skilled employees.

What improvements does responsible AI lead to in terms of organizational growth?

Responsible AI practices lead to enhancements in both top-line and bottom-line growth for organizations.

What will the next video discuss regarding responsible AI?

The next video will explore the seven sections of the report in detail, highlighting the various business benefits of responsible AI.