Congress Begins Pondering Impact of AI as Accenture Study Notes AI Could Boost Business Revenue and Jobs

January 26, 2018

A new study by Ellyn Shook, Chief Leadership and Human Resources Officer at Accenture, estimates that opportunities created by artificial intelligence "could boost business revenues by 38 percent in the next five years and generate higher levels of profitability and employment."  Entitled "Reworking the Revolution," the paper examines several case studies, including Marriott International's successful implementation of groundbreaking technologies such as Natural Language Processing.  The paper suggests that in order to position their companies to make the most of the new technologies, business leaders must reimagine work to account for new job content, pivot the workforce to areas that create new forms of value, and scale up "new skilling" to work with intelligent machines.  Meanwhile, Congress continues to examine how policymaking should address artificial intelligence and automation.  A House bill—the FUTURE of AI Act (H.R. 4625)—would develop a federal advisory committee on the development and implementation of artificial intelligence "to optimize the development of artificial intelligence to address the potential growth, restructuring, or other changes in the United States workforce that results from the development of artificial intelligence."  Separately, Senate Commerce Committee Chair John Thune (R-SD) said at a hearing on self-driving vehicles this week that he may consider attaching the AV Start Act, which enjoys bipartisan support but is being held up in the committee, to a forthcoming infrastructure proposal.  The bill would provide federal preemption in autonomous vehicle design, construction, and performance, but would not include self-driving commercial trucks despite the growing shortage of 50,000 truck drivers in the U.S.