AI-driven productivity gains may vary widely across European sectors

Artificial Intelligence (AI) is poised to make significant inroads across various European sectors, with smaller industries standing to benefit the most in the near term. While larger sectors may still need to be ready to implement AI fully, and some may never reach that point, the potential for productivity gains remains substantial, according to ING Think.

ING suggests that the most immediate advantages will be seen in smaller sectors, where AI can be more easily integrated, and its impact is felt more quickly. These industries are likely to experience notable improvements in efficiency and innovation.

On the other hand, larger sectors face more significant challenges in adopting AI technologies. The complexity and scale of these industries can hinder swift implementation, leading to slower progress. However, the potential for substantial productivity gains in these sectors should give hope for the future of AI, with an expected average increase of around one percentage point per year.