McKinsey AI survey reveals value impacts

BVWireIssue #261-2
June 12, 2024

practice management and growth
valuation practice management, information technology, artificial intelligence

Organizations are already seeing material benefits from the use of generative AI, reporting both cost decreases and revenue jumps in the business units deploying the technology, according to a new survey from McKinsey. Organizations most often see meaningful cost reductions from generative AI use in HR and revenue increases in supply-chain management, the survey found. Also, in most industries, organizations are about equally likely to invest more than 5% of their digital budgets in generative AI and analytical AI.

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