Rome, 12 May (LaPresse) – Artificial intelligence has a tangible impact on productivity, and the case of the United States is a clear example of this. According to a Luiss Business School study, based on analysis of data from Global INTAN Invest – a project carried out by the School in partnership with WIPO (World Intellectual Property Organization) – AI can contribute up to 1 percentage point per year to labour productivity growth in the US, compared with around 0.3 per cent in Europe, highlighting a gap in the ability to transform innovation into economic growth. Without measuring the intangible assets that complement software – such as training, organisational structure and innovative processes – which official statistics do not capture, these dynamics would remain largely unexplained.
AI study: ‘Up to +1% increase in labour productivity in the US, +0.3% in the EU’
Rome, 12 May (LaPresse) – Artificial intelligence has a tangible impact on productivity, and the case of the United States is a clear example of this. According to a Luiss Business School study, based on analysis of data from Global INTAN Invest – a project carried out by the School in partnership with WIPO (World Intellectual Property Organization) – AI can contribute up to 1 percentage point per year to labour productivity growth in the US, compared with around 0.3 per cent in Europe, highlighting a gap in the ability to transform innovation into economic growth. Without measuring the intangible assets that complement software – such as training, organisational structure and innovative processes – which official statistics do not capture, these dynamics would remain largely unexplained.
