Swiss perspectives in 10 languages

AI could ‘add billions’ to Swiss company profits

AI
AI could boost company turnover. Keystone

Swiss managers consider artificial intelligence (AI) key to increasing future turnover by CHF93 billion ($102 billion) in Switzerland by 2030.

Do you want to read our weekly top stories? Subscribe here.

The vast majority of managers see generative artificial intelligence as an important driver of future sales growth, according to a study published on Tuesday by consulting firm Accenture. Financial service providers in particular see AI as a major opportunity.

However, despite their open-mindedness, more than half of companies are not yet ready to utilise the technology, according to the study.

Although 85% of employees are already using AI for their work, they often lack formal training or an in-depth examination of the ethical implications of the technology. Around 48% of respondents were also concerned that they could lose their job because of AI.

With its innovative strength and large talent pool, Switzerland is fundamentally very well positioned to play a leading role in generative AI, the report continues.

More

However, many challenges still need to be overcome in terms of scaling, regulation and employee training in order to fully utilise the potential of the technology.

Translated from German by DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.

External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Daily news

Get the most important news from Switzerland in your inbox.

Daily

The SBC Privacy Policy provides additional information on how your data is processed.

Popular Stories

Most Discussed

News

No Swiss bank in phase with environmental objectives

More

Swiss banks failing environment, says WWF

This content was published on None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.

Read more: Swiss banks failing environment, says WWF
UNRWA provides emergency assistance to just over one million Palestine refugees, or about 75 per cent of all Palestine refugees in Gaza, who lack the financial means to cover their basic food.

More

Lazzarini: no alternative to UNRWA in Gaza

This content was published on The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.

Read more: Lazzarini: no alternative to UNRWA in Gaza

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR