Tuesday, May 7, 2024

g-f(2)2347 Unlocking Trillions: Accenture's Generative AI Outlook for 2024


genioux Fact post by Fernando Machuca and Bard (Gemini)


Generative AI is poised to reshape industries and fuel unprecedented economic growth. Accenture's in-depth outlook offers key insights into the transformative power of this technology.

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"Generative AI's transformative impact will extend far beyond the tech sector, influencing diverse industries and redefining the nature of work." — Fernando Machuca and Gemini, May 7, 2024

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Accenture's analysis highlights the profound economic and workplace implications of generative AI:

  • Economic Boom: Potential to drive massive productivity improvements, generating trillions of dollars in economic value.
  • Global Workforce Impact: Generative AI could influence a substantial portion of global working hours across industries.
  • Human Empowerment: Opportunity for workers to shift focus to more creative and strategic tasks, potentially leading to increased job satisfaction.


Accenture's insights underscore the immense potential of generative AI. This technology is a catalyst for large-scale economic and workplace transformation. Understanding and adapting to its impact is crucial for individuals and organizations seeking to thrive in this evolving landscape.


The g-f GK Context

Accenture's 2024 Generative AI Outlook, Bloomberg Technology, YouTube channel, January 8, 2024.

  • Paul Daugherty, Accenture chief technology and innovation officer, discusses his outlook for generative AI in 2024. He speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Technology."

Classical Summary:

The video is about the economic impact of generative AI, a new technology that is about to transform the way we work and live.

According to Paul Daugherty from Accenture, generative AI is the hottest topic in technology right now. He believes that generative AI will impact 44% of all working hours across industries globally. This will add up to 8 to 10 trillion dollars of economic value over the next several years.

Generative AI can be used to free up individuals to do more creative work and can also help people to be more satisfied with their jobs.

Overall, the video is about the positive impact that generative AI will have on the economy and on the workplace. Generative AI will create new jobs and make existing jobs more productive and satisfying.

Paul Daugherty

Paul Daugherty is the Chief Technology and Innovation Officer (CTIO) at Accenture¹. He is a member of Accenture’s Global Management Committee and is known for his visionary approach in shaping the innovation of technology¹. As CTIO, he leads and executes Accenture’s technology strategy, leveraging the company’s leading-edge capabilities and research and development to reinvent the future of business¹.

He oversees Accenture’s Innovation strategy and organization, including Accenture Labs and The Dock in Dublin, Ireland¹. He directs Accenture’s global research and development into emerging technology areas such as generative AI, quantum computing, science tech, and space technology¹. He leads a dedicated innovation group that not only designs and delivers transformational business and technology solutions, but also invests in, and partners with, pioneering companies to pilot and incubate new technologies¹.

Paul Daugherty also leads Accenture’s annual Technology Vision report, hosts its annual Innovation Forum event, and leads Accenture Ventures, which he founded to focus on strategic equity investments to accelerate growth¹. Previously, he served as Accenture's Group Chief Executive – Technology, where he led all aspects of Accenture's Technology business¹.

He is a passionate advocate for gender equality in the workplace and STEM-related inclusion and diversity initiatives¹. For more than six years, he has been a member of the board of directors of Girls Who Code, an organization that seeks to support and increase the number of women in computer science careers¹. He also serves on the board of directors of Avanade, the leading provider of Microsoft technology services¹. He also serves on the boards of the Computer History Museum and the Computer Science and Engineering program at the University of Michigan¹.

In 2023, Paul received the prestigious St. Patrick’s Day Science Medal for Industry from Science Foundation Ireland as well as a nomination to Thinkers50, a ranking of the world’s most influential management thinkers¹. He also accepted the FASPE Award for Ethical Leadership in 2019 for his work in applying ethical principles to the development and use of artificial intelligence technologies¹.

Source: Conversation with Bing, 5/7/2024

(1) Paul Daugherty | Accenture. https://www.accenture.com/us-en/about/leadership/paul-daugherty.

(2) Accenture Announces Leadership Appointments. https://newsroom.accenture.com/news/2023/accenture-announces-leadership-appointments-fy2024.

(3) Paul Daugherty - Chief Technology & Information Officer @ Accenture .... https://www.crunchbase.com/person/paul-daugherty.

(4) Paul Daugherty - Chief Technology & Innovation Officer at Accenture .... https://theorg.com/org/accenture/org-chart/paul-daugherty.

(5) Paul Daugherty - Worth - Techonomy. https://worth.com/person/paul-daugherty/.

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