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4 Surprising Generative AI Trends Redefining Industries
4 Surprising Generative AI Trends Redefining Industries

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1. India leading the world in terms of usages of Generative AI.

-53% of all employees in India are using GenAI once a week as compared to an average of 40% of the employees in the world.

- 30% of the employees in India use AI daily in comparison to an average of 15% of the world’s workforce.

 

                                    

Source: Oliver Wyman Forum Generative AI Survey, October–November 2023, 16 countries, N=16,033

 

2. The dramatic adoption of Generative AI hasn’t been seen in productivity gains across the board.

There is a dissonance between some employees’ expectations and experiences. Some employees have even reported decreased productivity. The key lies in efficient adoption. Could the productivity benefits from generative AI be slow to materialize, in a repeat of Solow’s paradox?

Solow’s paradox suggests that strategic investments, systematic implementation, and adoption (and some patience) are all necessary in harnessing transformative technologies. Undoubtedly, the adoption rate of generative AI produces a wow effect, yet years of full scaling is required to get complete the productivity benefits.

 

3. There is an asymmetry in Gen AI reshaping the workforce across job levels.

 

                                    A diagram of a pyramid

4. Value will accrue to industry specific AI tools not just fundamental models.

The focus on industry-specific AI tools reflects a growing trend where businesses are investing in tools that cater to their specific requirements, indicating that the value proposition of these specialized tools is recognized and sought after in various sectors.

 

 


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Madhumay
Deputy Manager - Research

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