Read our full analysis for a more in-depth look at these trends.
Me, myself and AI: What you need to know
- We are at a defining moment – like the internet of the 90s – where Artificial Intelligence (AI) is moving toward mass adoption. According to Statista, at over 8 billion, there are now more AI digital voice assistants than people on the planet. To navigate this crossroad, we consider 10 key questions about AI and beyond.
- But let’s back up – what is AI? AI leverages large data sets and uses algorithms to find underlying relationships, which can be used to drive new or better business outcomes. Generative AI (think ChatGPT) is a type of AI technology that can produce various types of content, including text, imagery, audio, and synthetic data.
- And this could be big – AI could potentially contribute up to $15.7 trillion to the global economy by 2030 (source: PwC), while open data (i.e., data that anyone can access, use and share) has the potential to unlock $3.2-5.4 trillion in economic value annually by, for example, reducing emissions, increasing productivity, and improving healthcare (source: McKinsey).
Rising childcare costs starting to bite
Childcare payments have risen over 30% since 2019, pressuring families to spend less and draw on savings more across all incomes.
Will silver spenders continue to outpace the young?
The gap in spending growth between the older and younger generations may narrow, but is unlikely to completely disappear.