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Generative artificial intelligence could lead to a €40-45 billion boost in the size of Ireland's economy over the next decade if fully adopted, according to a new study. The research finds that two thirds of jobs - equivalent to 1.7 million roles - will potentially be assisted by generative AI. A further 800,000 roles, or 28% of the workforce, are unlikely to be exposed to automation at all.
The report states that 150,000 or 6% of positions in Ireland are likely to have more than half of their work fully or partially displaced by AI automation and will need to find new employment. The estimated cost of the productivity loss arising from this displacement is €1-2 billion. The research was carried out by Implement Consulting Group on behalf of Google Ireland.
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