GenAI anticipated to contribute $66-80B to financial services GVA by 2030

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The Impact of Generative <a href='https://ainewsera.com/how-to-use-new-google-gemini/artificial-intelligence-news/' title='Discover the Ultimate Guide for Mastering Google Gemini AI in 2024' >AI</a> on Gross Value Added in Financial Services

The Impact of Generative Artificial Intelligence (GenAI) on Gross Value Added in Financial Services

The impact of generative artificial intelligence (GenAI) on the gross value added (GVA) within financial services can go up to 26 per cent, and it could add $66-80 billion in value by 2030, according to recent estimates from Ernst & Young (EY).

According to a report titled “The AIdea of India: Generative AI’s Potential to Accelerate India’s Digital Transformation”, around 78 per cent of the respondents surveyed said that they had either implemented GenAI in at least one use case or had plans to pilot it over the next 12 months.


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Leah Sirama
Leah Siramahttps://ainewsera.com/
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital world since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for everyone, earning respect in the field. His passion, curiosity, and creativity continue to drive progress in AI.