For Moody’s Ratings, the global AI productivity boom will be worth 1.5% annually, averaged out across 106 countries, according to a Thursday research note. But in the case of economic growth, governments might have to spend money to make more of it down the line. AI could have significant upsides for productivity, but countries will first have to navigate a complicated and expensive landscape as they create digital infrastructure and support disrupted workforces, Moody’s analysts warned.
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“The rest of the time is understanding the legacy code base, talking to stakeholders, you have to understand the API, what does the business analyst say?” says Hu. “All this other stuff makes up the other 85% of the job.”