Figure 1. Generative AI effects on productivity as discovered in a recent MIT study. To put this in perspective, consider the following table that shows the estimated productivity gains from major technological breakthroughs: Table 2. Estimated productivity gain from technological breakthrough. Technology Breakthrough Estimated Productivity Gain Internet 10-15% of productivity growth (between 1995-2005) Steam Power 25% (for a small factory) Electricity 35-40% (between 1900-1940) Generative AI 50% increase in productivity according to a recent MIT Study As shown in Table 2, Generative AI has the potential to deliver the largest gains in productivity of any technology to date. However, it's important to note that we are just scratching the surface of what's possible with this technology. Generative AI is still in its infancy, and we have yet to see the full potential of this revolutionary technology. It is very likely that in the upcoming years this trend will continue, and we’ll see a significant increase in productivity across all sectors of knowledge work. Gen AI: Revolutionizing the Way Enterprises Work 4
Generative AI: Revolutionizing the Way Enterprises Work Page 3 Page 5