Joe Schmidt's side will meet all-conquering New Zealand in Chicago on November 5 before hosting the double world champions in Dublin just two weeks later.

The All Blacks will gun for a 19th consecutive Test victory in the United States to extend their record winning sequence for a top-tier nation.

"I think it's brilliant scheduling that Ireland will play the All Blacks twice this autumn," said O'Connell.

"Clive Woodward was a big banker of his success with England on the fact that he chased down as many matches with southern hemisphere teams as he could.

"That England team repeatedly played the best in the world in autumn series, and it paid off with the World Cup for them in 2003."

Eddie Jones' Grand Slam-winning England team will not face the All Blacks until 2018, but despite Ireland's hugely-demanding November, O'Connell has still backed head coach Schmidt's approach.

New Zealand's staging of fixtures in the United States clearly boosts sponsors AIG, the American multinational insurance firm. The Soldier Field encounter should also offer to raise the profile of rugby in the US.

But most of all O'Connell believes Ireland can prove the greatest beneficiaries - even if they fail once again to claim that elusive first victory over the All Blacks.

The now-retired O'Connell was on the field when Ireland squandered their best-ever chance for victory over New Zealand in Dublin in 2013.

Ireland were less than a minute from a historic victory when Ryan Crotty's try and Aaron Cruden's overtime conversion - landed at the second attempt - conjured New Zealand's remarkable 24-22 win.

The current crop of All Blacks is already being hailed as the best Test team of all time, shaking off the post-World Cup retirement of five true greats without issue.

Richie McCaw, Dan Carter, Conrad Smith, Ma'a Nonu and Keven Mealamu left New Zealand 589 caps light in 2016, but Steve Hansen's new-look side have kept on winning.

Cyprus hold the outright record for consecutive Test victories with 24 between 2008 and 2014, and All Blacks captain Kieran Read has already admitted New Zealand are still hungry to keep passing fresh milestones.

Despite all the odds falling New Zealand's way O'Connell still believes Ireland could conjure victory in Chicago - but only with the performance of their lives.

"I think the only way for Ireland to keep improving is to keep testing themselves in this way, and so I think it's fantastic to see them face New Zealand twice in three weeks," said O'Connell, whose autobiography The Battle is available now.

"There's no doubting it's going to be tough for them of course, but that's the challenge, and it's how you meet it.

"Any team tactically that's coached by Joe Schmidt will have a very good plan and it will be up to the players to execute that.

"We could play the perfect game, play to the best of our ability and we could still lose.

"So we just need to make sure we go after that. If we do that we'll have a chance."