AI Could 'Add Billions' To Swiss Company Profits

(MENAFN- Swissinfo) Swiss managers consider artificial intelligence (AI) key to increasing future turnover by CHF93 billion ($102 billion) in Switzerland by 2030.

This content was published on May 28, 2024 - 14:28 2 minutes Keystone-SDA

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The vast majority of managers see generative artificial intelligence as an important driver of future sales growth, according to a study published on Tuesday by consulting firm Accenture. Financial service providers in particular see AI as a major opportunity.

However, despite their open-mindedness, more than half of companies are not yet ready to utilise the technology, according to the study.

Although 85% of employees are already using AI for their work, they often lack formal training or an in-depth examination of the ethical implications of the technology. Around 48% of respondents were also concerned that they could lose their job because of AI.

With its innovative strength and large talent pool, Switzerland is fundamentally very well positioned to play a leading role in generative AI, the report continues.

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However, many challenges still need to be overcome in terms of scaling, regulation and employee training in order to fully utilise the potential of the technology.

Translated from German by DeepL/mga

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