Last updated: 11 Jul 2023 11:00 Posted in:
The adoption of Generative Artificial Intelligence (AI) could add 1.2% to UK productivity, according to a new KPMG report. In terms of the 2022 level of GDP, that’s £31 billion additional output in the UK every year.
KPMG’s analysis shows a relatively small but significant overall effect of the technology, which could impact around 2.5% of tasks performed across the UK, allowing workers to be redeployed to other tasks and activities.
The report found that the impact across different occupations is relatively varied; while 10% of jobs may be facing the most significant impact, with more than 5% of their tasks affected, another 60% of jobs could face little to no direct effect from Generative AI.
The wider implications that Generative AI may have on the economy and society are highly uncertain, said KPMG.
“The benefits of generative AI will be huge if we keep people at the centre of our thinking about it,” said Paul Henninger, Head of Connected Technology at KPMG UK.
“Used in a responsible way, it will accelerate our work, saving people and businesses time and money by removing repetitive tasks and bringing data and insights seamlessly into how we make decisions.
“While there are concerns about the impact of generative AI on jobs, it will likely be used as an enabler of our strategies and processes. Roles will change to work with the technology.”
“While there are concerns about the impact of generative AI on jobs, it will likely be used as an enabler of our strategies and processes. Roles will change to work with the technology.”
Paul Henninger, Head of Connected Technology at KPMG UK.