[Press Release] Accenture and GIBS launches a whitepaper on how artificial intelligence is set to …

[Press Release] Accenture and GIBS launches a whitepaper on how artificial intelligence is set to …

Accenture (NYSE: ACN) and the Gordon Institute of Business Science (GIBS) have launched a whitepaper on how Artificial Intelligence (AI) is set to impact the macro environment. Themed “Responsible AI,” the whitepaper explores associated challenges and opportunities faced by organisations. “There’s no longer any doubt that artificial intelligence has the ability to amplify growth for companies. So from a business point of view, it makes sense,” notes Rory Moore, Innovation Lead at Accenture and one of the report’s contributors. “But then you also need to keep ethics in mind and be socially responsible. In a market like South Africa, these issues are particularly prominent and pertinent.” Given the fact that the traditional factors of production – capital and labour – are showing declining ability to drive economic growth, Moore notes, a new a new factor of production – AI – may provide the necessary kickstart. Intelligent automation, labour and capital augmentation and innovation diffusion are all routes through which the technology has the ability to drive growth, the report explains. AI can both automate complex physical tasks and free up people from more mundane work to imagine, create and innovate. Dr Jeff Chen, lecturer at GIBS and co-author of the whitepaper…


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