As a healthcare professional, the recent findings from "Australia's AI Imperative" report by John Mangan are impossible to ignore. Australia's narrowing economic base, as evidenced by its declining Economic Complexity Index (ECI), leaves us vulnerable to economic shocks. By integrating AI, we can: ✅ Boost GDP by $200 billion annually ✅ Create 150,000 jobs by 2030 ✅ Diversify our economy ✅ Drive sustainable growth The implications for our healthcare system and the nation's economic growth are profound. 🔑 Key Findings: ▪️ Without widespread AI adoption, Australia risks losing A$35.7 billion per year until 2027. ▪️ Embracing AI could boost GDP by $200 billion annually and create 150,000 jobs by 2030. ▪️ AI is projected to add US$15.7 trillion to the global economy by 2030. ▪️ Early adoption could secure a 26% GDP increase for Australia. ▪️ The data show an increase in GDP from 2023-2027 due to expanded AI of between 22.5% (US $395 billion) and 28% (US $486 billion), implying an average growth rate for the AI-infused economy of 4.43% to 4.82%. This compares with the IMF predicted default rate of total period 17.1% growth at 3.4% average annual. 💡 Impact on Healthcare: ▪️ AI-driven tools have the potential to significantly improve patient outcomes, streamline operations, and reduce healthcare delivery costs. ▪️ We have a unique opportunity to shape the future of medical innovation and position Australia as a leader in AI-driven healthcare. #EconomicDiversification #AIAdoption #ResilientEconomy #SustainableGrowth #healthcareAI Find the full report here:
Mehdi Samani MD’s Post
More Relevant Posts
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
CDO/SVP at RBC Insurance | Member of Board of Directors at Conference of Defence Associations Institute
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Serial Entrepreneur and Investor: Artificial Intelligence | International Education | Web3| Pharmaceutical | Social Media
In my opinion, of the estimated $200 billion economy generated from AI deployment in Australia, approximately 50% would be allocated to the healthcare sector. This sector often grapples with burdensome administrative tasks and staff burnout, making it a priority for investment in AI-driven solutions. Facere.AI stands out as a leading solution provider offering comprehensive workflow automation, capable of significantly enhancing the productivity of healthcare organizations. https://lnkd.in/gy6EY2w4
AI to create 150,000 jobs, claim the academics who study it
afr.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. Investing in Gen AI, along with other technologies, would not only help close the productivity gap; it could add to higher wages and help Canada compete in an increasingly digital and data-driven world. The big question is whether Canadian businesses and public sector organizations will seize the moment.
GenAI: Is Canada ready? - RBC Thought Leadership
thoughtleadership.rbc.com
-
CIO/CTO/CFO/COO Cloud Advisor | Hybrid Multi Cloud | Senior Infrastructure Engineering Lead | Speaker | Mentor | I & D Advocate | Cloud First Managing Director at Accenture
The UK economy could have more to gain from #GenerativeAI than any other advanced nation, new research has found. The opportunity to boost productivity is greatest in the public sector, where a doctor could save up to five working hours a week, according to estimates by Accenture UK & Ireland. The research found that action would need to be taken now for GenAI to have the greatest effect. Find out more: https://accntu.re/3UjHMvn
UK has more to gain from generative AI than any other G7 nation, report finds
independent.co.uk
