Skip to content
Up to 30 percent of current hours worked could be automated through Gen AI - productivity growth expected.

News -

Up to 30 percent of current hours worked could be automated through Gen AI - productivity growth expected.

By 2030, in a midpoint adoption scenario, up to 30 percent of current hours worked could be automated, accelerated by generative AI. This is the outcome of the recent study “A new future of work: The race to deploy AI and raise skills in Europe and beyond” by McKinsey Global institute. While European and US productivity growth decreased seven and three percentage points, respectively, between 1950 and 2022, the study sees in automation technology a crucial factor to revive productivity growth.

On the other hand, the study states a growing demand in companies for technological, social and emotional skills while the demand for physical and manual and higher cognitive skills stabilizes. Surveyed managers in Europe and the United States expressed a need not just for advanced IT and data analytics but also for critical thinking, creativity, teaching and training— the latter are profoundly human skills at this stage. Key learning: “Business leaders and policy makers will face critical choices on how much to embrace technological change and investment while training and redeploying workers into the jobs of the future.”

For more outcomes click here: https://www.mckinsey.com/mgi/our-research/a-new-future-of-work-the-race-to-deploy-ai-and-raise-skills-in-europe-and-beyond

Related links

Topics

Categories

Contacts

Corporate Communications

Press contact We look forward to your request! +49 151 70 62 70 11

Related content

Tech know-how to go: How Generative AI revolutionizes public health sector with promising productivity gains

Tech know-how to go: How Generative AI revolutionizes public health sector with promising productivity gains

While generative AI has made significant strides in various industries, the healthcare sector has been slower to embrace this transformative technology.
Recent analyses by McKinsey & Company suggest that the impact of Gen AI on productivity could be especially profound in the healthcare sector, potentially surpassing its effects in other industries. Projections indicate a significant produc

ParTec AG Modular Super and Quantum Computing

ParTec AG specialises in the development and manufacture of AI supercomputers based on its modular high-performance computing (HPC) systems and quantum computers (QC) as well as the associated system software. The offering also includes consulting and support services in all areas of the development, construction and operation of these modern systems. The concept of dynamic modular system architecture (dMSA) is the result of more than ten years of research and was developed by ParTec as a novel system design for massively parallel high computing systems. The dMSA and the underlying ParaStation Modulo Software Suite, which was developed and is maintained by ParTec, have proven to be particularly suitable for the complex requirements of massive computing power in artificial intelligence. Further information about the company and ParTec AG's innovative solutions in the field of high-performance computing and quantum computing can be found at www.par-tec.com.

ParTec AG