The steady decline in business profitability across multiple industries threatens to erode future investment, innovation and shareholder value. Fortunately, a new factor of production—artificial intelligence (AI)—is emerging that can help kick-start profitability.
AI offers unprecedented profitability opportunities. For example, manufacturing has a forecast share-of-profit increase of 39 percent due to AI-powered systems whose ability to learn, adapt and evolve over time can eliminate faulty machines and idle equipment.
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