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Are you confident that your business ideas are still viable given the rapid advancements in artificial intelligence? 

I recently came across some intriguing statistics. McKinsey & Company, the highly reputable consulting agency, has conducted a comprehensive study.

Four sectors are projected to heavily rely on artificial intelligence in the near future, making it crucial to factor in AI. It's not just a matter of development but also the survival of your business.

  • The impact of AI can increase the value of the global economy by trillions of dollars annually, ranging from $2.6 trillion to $4.4 trillion across 63 analyzed use cases.
  • Approximately 75% of the value that AI can bring is concentrated in four areas: customer operations, marketing and sales, software development, and research and development.
  • In the banking industry, the technology can generate an additional $200 to $340 billion annually.
  • In the retail and consumer packaged goods sectors, the potential impact ranges from $400 billion to $660 billion per year.
  • AI can also significantly influence the pharmaceutical industry and the field of medical production, with potential value ranging from $60 billion to $110 billion annually.

And this is just the beginning of the Generative AI era! So stay updated with AI, don't underestimate it. Best of luck!

Still unsure about how it works? Reach out to the experts! AI is one of the primary areas of expertise at QP Studio. 

The McKinsey & Company research can be found at the following link.

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