Navigating AI's Transformative Power in Labor, Energy and Society: S&P Global Publishes Latest Look Forward Journal

Rhea-AI Summary

S&P Global (NYSE: SPGI) has released its latest Look Forward research series, analyzing AI's impact across multiple sectors. The report examines three key areas: labor markets, where AI will drive efficiency and create new roles while requiring reskilling; the energy sector, where growing datacenter demand will impact power infrastructure and clean energy adoption; and societal implications, including AI's potential to transform creative processes, education, and access to essential services.

According to Swamy Kocherlakota, EVP and Chief Digital Solutions Officer, the research leverages S&P Global's expertise and data to help organizations navigate these transitions effectively. The report highlights how AI will reshape electricity consumption patterns and emphasizes the need to balance risks and opportunities in AI implementation.

Positive

• Publication demonstrates S&P Global's thought leadership in AI research and analysis
• Positions company as key provider of strategic insights for AI transformation
• Leverages company's data assets and expertise to create valuable market intelligence

Negative

• None.

NEW YORK, Dec. 4, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today published the latest edition of its proprietary Look Forward research series, providing a comprehensive analysis of the complexity of artificial intelligence (AI) and its transformative impact on the labor market, energy sector and society.

"AI is undeniably accelerating progress and driving transformative change across various sectors," said Swamy Kocherlakota, EVP and Chief Digital Solutions Officer at S&P Global. "This edition of the Look Forward Journal leverages S&P Global's expertise and rich data sets to explore how it disrupts and reimagines labor markets, the energy sector, and society at large. With these insights, companies, governments and other institutions can strategically navigate these transitions, and effectively shape and power the future of global markets."

Key findings from the Look Forward: AI research:

AI and labor: Change is inevitable, but human capabilities remain essential
Over time, AI's impact on labor will become increasingly evident through improved efficiency and productivity, creation of new roles, transformative human-AI collaboration, autonomous systems, and labor redistribution and reskilling. AI's integration with labor will occur in distinct phases over short-, medium-, and long-term time frames, each presenting unique challenges and ethical considerations alongside the technology's benefits.

AI and energy: The big picture
Rapid expansion of datacenters to meet growing demand for cloud and AI services is a factor that will strain the US power sector's infrastructure in the coming years. While much focus has been on datacenter electricity demand, datacenters globally are expected to support a growing portion of the digital economy and reshape historical electricity consumption patterns more broadly, with clean energy expected to supply a large share of incremental datacenter demand in the long term.

AI and society: Implications for global equality and quality of life
AI will fundamentally alter societies by transforming creative processes, education and business through its ability to replicate humanlike cognitive capabilities. AI can also improve quality of life by materially improving access to and the quality of essential goods and services, including healthcare, education and food, though its implementation requires a delicate balance of risk and opportunities.

For more insights from Look Forward AI (Volume 8 | December 2024), please visit: https://www.spglobal.com/en/research-insights/special-reports/look-forward/look-forward-volume-8 

For more insights on Artificial Intelligence from S&P Global, please visit: https://www.spglobal.com/en/research-insights/market-insights/artificial-intelligence 

For more information about S&P Global Research Council, please visit: https://www.spglobal.com/en/research-insights/featured/research-council 

About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today.

Media Contact

Roger Cabrera
Corporate Communications
roger.cabrera@spglobal.com 

Joanna Vickers
Corporate Communications
joanna.vickers@spglobal.com 

 

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SOURCE S&P Global

FAQ

What are the key findings of S&P Global's (SPGI) Look Forward AI research in December 2024?

The research identifies three main areas: AI's impact on labor markets through efficiency and new roles, datacenter expansion affecting power infrastructure, and AI's societal implications for creative processes, education, and essential services access.

How will AI affect the energy sector according to S&P Global's (SPGI) 2024 research?

According to the research, datacenter expansion for AI services will strain US power infrastructure, reshape electricity consumption patterns, and drive increased adoption of clean energy sources.

What are the labor market implications of AI according to S&P Global's (SPGI) Look Forward report?

The report indicates AI will improve efficiency and productivity, create new roles, enable human-AI collaboration, develop autonomous systems, and require labor redistribution and reskilling over different time frames.