Generative artificial intelligence (AI) could generate significant value when deployed across industries, according to 63 use cases analyzed in 2023. Based on these use cases, the high tech sector could have the highest added revenue through the use of generative AI. On an annual basis, generative AI could add between 240 and 460 billion U.S. dollars to the high tech sector. This is equivalent to 4.8 - 9.3 percent of the annual revenue of the sector. The retail sector could also see significant contributions through generative AI, with 240 - 390 billion U.S. dollars worth of revenue generated through various use cases.
Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry
(in billion U.S. dollars)
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McKinsey & Company. (July 6, 2023). Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/
McKinsey & Company. "Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry (in billion U.S. dollars)." Chart. July 6, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/
McKinsey & Company. (2023). Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/
McKinsey & Company. "Potential Impact of Generative Artificial Intelligence (Ai) on Industry Revenues Worldwide in 2023, by Industry (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Jul 2023, https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/
McKinsey & Company, Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/ (last visited December 30, 2024)
Potential impact of generative artificial intelligence (AI) on industry revenues worldwide in 2023, by industry (in billion U.S. dollars) [Graph], McKinsey & Company, July 6, 2023. [Online]. Available: https://www.statista.com/statistics/1446248/worldwide-artificial-intelligence-impact-industry-revenues-by-industry/
