Two hundred and twenty-eight billion euros, a figure which corresponds to 13% of the Italian GDP. This is the money that could reach our economy between now and 2030 thanks to innovation and above all to artificial intelligence.
This is estimated by the management consultancy firm McKinsey & Company and its economic research institute McKinsey Global Institute (MGI). The data was provided during the event The Future Is Now, held on 9 October at the Palazzo del Ghiaccio in Milan on the occasion of the 50th anniversary of the consultancy firm in Italy.
At European level the impact of artificial intelligence calculated by the consultants of the New York company is even more impressive: 2.700 billion euros by 2030, 19% of GDP.
“Artificial intelligence represents a unique opportunity for the competitiveness and growth of our continent. Europe, and with it Italy, can count on various points of strength: a cutting-edge industrial sector; a large pool of research and tech talent; an ever-growing number of startups. It would therefore be a shame to miss this opportunity. In fact, it is not an abstract theme, but a concrete wealth, which could be worth 2.700 billion euros for Europe", said MI appreciate Giordano, Managing Partner McKinsey Mediterranean.
To try to better monetize the potential of innovation, according to the study by the McKinsey Global Institute, Europe should and focus on regain global competitiveness and bridge the accumulated gap, especially with the United States and China.
As? Developing initiatives for education, training and attraction of talent in order to incentivize and improve the technological skills of workers which in the next 11 years will occupy an increasingly important slice of working time: +40% for advanced skills and +65% for basic ones.
“On the one hand, the training offer for young people will have to be continuously updated to be in line with demand; on the other hand, the professional retraining of people who are already working is crucial to ensure an effective transition in the digital age”, underlines the report.
To date, Europe can count on a community of researchers larger than that of the USA and China, while the number of European software programmers has grown by 4-5% in the last two years and today reaches 5,7 million (in the USA it is 4,4 million). “Nevertheless, competition for tech talent is global and Europe needs to become a magnet again, attracting its brain drain and attracting the best minds from other parts of the world,” the study continues.
