Strategy is a key differentiator for the high performers.
This article cites a McKinsey survey which revealed a 25% YoY increase in AI usage across business processes. The survey was conducted on 2,360 executives, of which, 44% reported reduced costs owing to AI usage.
A small share of companies, the “AI high performers”, are bringing in “outsize” business results from AI, the study also found. Further, around 63% of companies indicated increased revenue upon adopting AI in their business units.
Strategy plays a crucial role for the high performers with 72% of them reporting an alignment of their AI and corporate strategies. Additionally, 33% of the high performers say that a majority of their workforce has received AI-related training over the last year.
[3 minute read]