AI will increase productivity, but it cannot completely replace workers

AI will increase productivity but it cannot completely replace workers

(Ticker) – “Generative AI will have a “transversal impact” on the Italian economy and on almost all economic sectors and highlights of “huge” potential: an increase in productivity estimated at 18% of GDP which compensates for a demographic trend of reduction of the workforce in a time horizon that takes us to 2040″. This is what Professor recalled George Mettascientific director of the Italian Institute of Technology, in an interview with Finance at the Abrosetti Forum on risks and opportunities offered bygenerative artificial intelligence.

I study “AI 4 Italy: Impacts and prospects of Generative Artificial Intelligence for Italy and Made in Italy”, elaborated by The European House – Ambrosetti in collaboration with Microsoft Italy highlighted that the productivity of the System-Italy will be able increase up to 18% thanks to the adoption of Generative AI, which is a revolutionary technology that can generate, for the same number of hours worked, up to 312 billion euro of added value annually, equal to 18% of the Italian GDP. On the other hand, with the same Added Value generated, the use of Generative AI tools it will free up a total of 5.4 billion man hourswhich correspond to the total number of hours worked in a year from 3.2 million people.

“We are talking about a time horizon to 2024 which is necessary handle in this step, because it is clear that we will begin to see the impact even sooner, so we need to equip ourselves now. In particular, it is necessary do digitization in SMEs and much more trainingbut we have to do it right now, so that we have the skills to seize this opportunity,” explains Metta.

For the expert, the PA is “one of the sectors that can benefit most in terms of efficiency from the use of generative AI”. “We can see the public administration as another business sector and think that it can somehow act as a spokesperson for the development of certain applications, in order to allow for development and better understanding of the potential of the technology “.

“This is a relatively young technology – underlined the expert – but which has already brought about the emergence of gods privacy concernsregarding the somewhat incorrect interpretation of the data”.

“From the point of view of regulation – says Metta – there is already a European discipline, which will have to be implemented in Italy and which builds a relatively solid framework on this issue. Then you can intervene from a technological point of view, developing tools that make a priori checks of what the result given by the machine could be”.

“Regarding the world of workhowever, the expert excludes the possibility that some jobs will be deleted and he specifies “actually what happens is that they are helped and this, from the point of view of a demographic that leads to a reduction in the workforce, is clearly something positive”.

“b- he reiterates – in some cases because there are manual skills that are very difficult to replace, in other cases because even the intellectual ones lack the element of generalization that our brain fortunately manages to give us instead. So there is still a very large gap and at the moment it does not seem plausible that a situation should actually be reached where there is actually a complete cancellation of the human contribution”.

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