Proof Point
Travel and High Tech industries received largest value from AI and analytics in 2018, making up 9.4% and 7.9% of total revenue, respectively, according to McKinsey estimates
Impact of AI and Analytics to Industry Revenue and Estimated Value
2018E (percentage and US$ billions)
| Note: | Highest potential impact value displayed |
Proof Point Findings
- Industries that Received Highest Impact – Travel identified in McKinsey study as sector that benefited most from AI and analytics deployment, gaining equivalent to more than 9% of total revenue or estimated value of $480 billion, followed by High Tech (7.9% at $267 billion)
- Other Top Industries – Transport and logistics, insurance, and pharmaceutical and medical products industries also received relatively higher impact from AI and analytics deployment at more than 5% in 2018
- High Retail revenue – Retail industry realized largest impact from AI and analytics in terms of actual value at almost $800 billion, making up 4.5% of industry's revenues in 2018
- Key Growth Drivers – Include accelerating sophistication of AI-based applications, increasing industrial adoption of AI technologies to improve processes and generate more value, and growing demand to leverage customer and business data to remain competitive
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Accelerator |
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Sector |
Accommodation and Travel, Healthcare/Health Sciences, Media and Entertainment, Real Estate and Construction, Telecommunications, Transportation and Logistics, Wholesale and Retail Trade
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Function |
Cross-Function
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Source |
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Date Last Updated |
February 26, 2019
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