1. Increased Productivity: AI has the ability to perform repetitive work thus enabling organizations to reduce operational costs and increase profits or general productivity.

2. New Market Creation: AI unleashes opportunities to create new industries like self-driving cars, health diagnosis, and customised digital services have created new economic potential that was never possible before.

3. Enhanced Decision-Making: The great advantages of AI systems lie in their ability to conduct analysis of big data and provide recommendation of the best decision-making to firms and governments, therefore results in efficient and effective allocation of resources.

4. Job Evolution: New professions with responsibility of commanding, nurturing or supporting AI systems are emerging in parallel to displacement of traditional labour roles, thus AI is impacting the labour market.

5. Global Competitiveness: Countries deploying AI are putting themselves in strategic places for development as they attract investors and talents in the market.

The use of AI will only gain more importance in increasing the economic growth as AI keeps on progressing hence becomes an important tool for growth in various fields. To tapped on AI’s possibilities, embracing these technologies represents potential benefit for business in the digital economy.