Global growth is stalling. Trade wars are hammering manufacturers, from Shanghai to Stuttgart to Seattle. But, awful as today’s economic outlook appears, Industry 4.0 is alive and well, its most ardent backers say.

Industry 4.0 is the catch-all term for the implementation by businesses of big data, improved robotics and artificial intelligence systems. And it’s still expected to be a major driver in global growth over the next decade, and beyond. Yes, even in manufacturing.

By 2035, this A.I.-powered push will provide a $14 trillion boost to the global economy, consulting giant Accenture predicts.

That’s the assessment of Marc Carrel-Billiard, global senior managing director at Accenture Labs, who rattled off these numbers during his keynote presentation at World Summit A.I. in Amsterdam on Wednesday. By way of example, he cited research that traced the progress in one growing area of A.I.-powered automation: call centers. Five years ago, A.I. bots could successfully resolve one out every ten customer phone calls. Today, he said, it’s 60%.

Moreover, he predicted, this push to automate will not be the jobs-killer the more bearish economists out there fear.

But before technologists take a victory lap, there’s a caveat.

They’re not a threat to jobs, he says, “because these systems are …read more

Source:: Fortune.com – Tech

      

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