Recent advancements in AI, highlighted by tools like ChatGPT, are reshaping various industries. MSCI's collaboration with Goldman Sachs Global Investment Research offers a fresh perspective on this transformation. Their March 2023 report assesses the potential impact of AI-driven automation across U.S. industries, utilizing the O*NET database for a comprehensive job analysis.
Key Findings:
Office and administrative support positions face the highest automation potential at 46%, affecting tasks like data entry and scheduling.
The legal sector stands second at 44%, with AI poised to revolutionize contract analysis and court case predictions.
Manual labour-intensive industries, like construction, show lower automation exposure.
Future Outlook:
AI's impact on labour productivity hinges on its evolution and societal adoption. In an aggressive growth scenario, AI could influence 300 million jobs globally, boosting annual GDP by 7% (around $7 trillion). This underscores the crucial role of AI in future economic landscapes.
Investment Implications:
To navigate this rapidly changing environment, MSCI has introduced the MSCI ACWI IMI Robotics & AI Index. This tool offers investors a strategic benchmark, focusing on companies at the forefront of AI, robotics, and automation adoption.
Link to full report: https://www.msci.com/documents...
