Towards a smart automated society: Cognitive technologies, knowledge production, and economic growth

Abstract

Following recent research on the impact of automation on employment, we have identified and provided empirical evidence on the relationship between cognitive technologies, knowledge production, and economic growth. Using and replicating data from Deloitte, Ericsson ConsumerLab, HBR.org, Statista, and Tractica, we performed analyses and made estimates regarding forecasted cumulative global artificial intelligence (AI) revenue (2016–2025), by use case, percentage of executives who mention numerous benefits of AI, business organizations’ reasons for adopting AI worldwide, and percentage who think AI help would be good in certain areas.