McKinsey Report: AI Automation Predicted to Replace 50% of Workforce by 2045

McKinsey & Co, a leading management consulting firm, predicts that Artificial Intelligence (AI) will have the most significant effect on high-wage workers.

A new report from McKinsey & Co predicts that within the next 22 years, generative AI has the potential to automation in approximately 50% of the work activities currently performed. The report forecasts that 75% of the value created by generative AI will come from customer service operations, marketing and sales, software engineering, and research and development. This could have a major impact on the way businesses operate, as well as the way people work, as AI takes on more and more tasks. The transformative potential of AI in the workplace necessitates businesses to prepare and adapt for this revolutionizing change.

McKinsey Predicts 50% of Work to be Replaced by Automation by 2045

McKinsey predicts that automation will replace 50% of work by 2045, a decade earlier than their previous estimate. This is due to recent developments in generative AI. The firm’s projections from 2030 to 2060 consider automation adoption, investments, and regulations for different outcomes. (

Automation Adoption is likely to be faster in developed economies due to higher wages making it economically feasible sooner. Governments must address the implications of automation and formulate policies to facilitate a seamless transition.

High-Wage Workers at Risk as Decision-Making and Management Tasks are Automated

McKinsey estimates that generative AI systems have the potential to automate up to 70% of employees’ time-consuming work activities. This could have a major impact on high-wage workers who rely on decision-making, management, and interfacing with stakeholders.

Generative AI could add $2.6 to $4.4 trillion annually to the global economy, reaching $15.7 trillion by 2030. This would provide a significant economic value on top of the existing non-generative AI tools currently in use.

McKinsey Predicts $15.7 Trillion Metaverse Value by 2030

Generative AI systems produce text, images, audio, and videos by learning patterns from input data. Many users rely on OpenAI‘s ChatGPT as their go-to generative AI tool due to its popularity and widespread usage. McKinsey predicts that the metaverse will be worth $15.7 trillion by 2030, a three-fold increase from its $5 trillion prediction.

The UN and US senators have expressed concerns regarding the potential misuse of generative AI tools for fake news and criminal activities. Companies such as Meta are facing accountability for the potential misuse of their AI tools.

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Chris Griffin
Chris has had a career as an advisor to the tech industry, incubating start-ups in the tech industry. Welcoming Chris to contribute his expertise covering the latest things he sees in blockchain