Apr 25, 2017 - Economy

Executives see the AI revolution as imminent

Top executives and decision makers say the widespread application of artificial intelligence is just around the corner, and that they are "eager" to outsource tasks such as accounting and scheduling to software, according to a new survey from PwC. Consumers, meanwhile, by and large do not fear this future, PwC says.

Data: Price Waterhouse Cooper; Chart: Andrew Witherspoon / Axios
Data: Price Waterhouse Cooper; Chart: Andrew Witherspoon / Axios

Why it matters: There are more than 1.3 million accountants in the United States, earning a median salary of more than $68,000. But 69% of the executives said they are "eager" to outsource their accounting needs to a digital assistant. A majority "believe AI's potential to boost business productivity, inform strategy, and generate growth outweighs the potential downside of employment concerns," PwC said.

In an on-line survey, PwC polled 2,500 business leaders and consumers. Among the consumers, 59% said artificial intelligence would help people live more fulfilling lines; just 46% believed that AI will harm people by taking away jobs.

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