The adoption of AI by industrial sectors

Artificial intelligence (AI) appears destined to impact the entire economy but could affect industries and companies very differently. Some sectors are more susceptible to the application of AI than others. Within sectors, some firms will exhibit greater expertise in adopting AI than others. Different rates of adoption will affect product prices, quality, and delivery speeds, and thus the fortunes of individual firms. While it is too soon to know how this will play out, some trends are emerging. So far, the earliest users of AI are firms employing highly paid—and therefore presumably high-…

Artificial intelligence (AI) appears destined to impact the entire economy but could affect industries and companies very differently. Some sectors are more susceptible to the application of AI than others. Within sectors, some firms will exhibit greater expertise in adopting AI than others. Different rates of adoption will affect product prices, quality, and delivery speeds,…

Artificial intelligence (AI) appears destined to impact the entire economy but could affect industries and companies very differently. Some sectors are more susceptible to the application of AI than others. Within sectors, some firms will exhibit greater expertise in adopting AI than others. Different rates of adoption will affect product prices, quality, and delivery speeds, and thus the fortunes of individual firms. While it is too soon to know how this will play out, some trends are emerging. So far, the earliest users of AI…