Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
These 25 companies are best positioned to rake in big profits as robots and AI take over, SocGen says
These 25 companies are best positioned to rake in big profits as robots and AI take over, SocGen says
Akin OyedeleJun 20, 2018, 15:40 IST
Advertisement
The market for artificial intelligence will grow to generate $59.75 billion in revenues by 2025, Société Générale forecasts.
The firm created a Rise of the Robots index with companies that are best positioned to profit from this growth.
In the selection process, the analysts considered companies that invest heavily in research and development, those with a healthy return on invested capital, and sales growth.
The robots won't take over every job, but they're already transforming the world.
From self-driving cars to lab-grown meat, humans are designing robots to make our lives easier by speeding up and improving tasks we've always done.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
In fact, in a distant future, Société Générale sees artificial intelligence board members and politicians, and implantable phones as some of the possibilities.
But bringing it back to the present day, the firm has identified investable companies that are best positioned to benefit from the growth of AI in their respective industries. AI will grow to rake in $59.75 billion market in revenues by 2025, SocGen forecasts.
Advertisement
"AI raises concerns about security and privacy, and especially about the future of jobs," Daniel Fermon, the head of thematic research, said in a note on Tuesday.
"However, it also offers the potential for new solutions to some of our most pressing global problems, in areas ranging from climate change to the ageing of the population ... Whatever the outcome, AI is happening, creating potential investment opportunities as the field advances."
The list below highlights the top companies in SocGen's Rise of the Robots index. In the selection process, the analysts considered companies that invest heavily in research and development, which they saw as essential to leading in the fields of AI and robotics. They also selected companies with a healthy return on invested capital and sales growth.