B2BVault's summary of:

The state of AI: How organizations are rewiring to capture value

Published by:
McKinsey
Author:

Introduction

More companies are now changing how they work to make AI useful. Big businesses are leading the way, but value is still early.

What's the problem it solves?

AI is growing fast, but most companies struggle to get real business value from it. This article looks at how companies are trying to fix that-by changing teams, training people, and building new systems.

Quick Summary

Many companies now use AI, especially generative AI, in their work. But using it is not enough-they need to change how they work to really get value from it. The article shows that the biggest gains come from redesigning workflows, setting up smart rules to guide AI, and having top leaders take charge. Larger companies are ahead in doing these things.

The report also says that companies are hiring new AI experts, training current staff, and watching closely for risks like wrong answers or stolen ideas. Still, most companies haven’t seen big profits from AI yet. Only a few are following best steps like tracking results, setting goals, and rolling out AI step by step. The good news is that when they do follow these steps, results start to show. Companies are also seeing AI help them save time and money in areas like customer support, marketing, and IT.

Key Takeaways from the article

  • Big companies are changing faster to get results from AI than smaller ones
  • Rebuilding work processes is key to making AI valuable
  • CEOs who lead AI efforts tend to see better results
  • Most companies are still in the early stages and haven’t seen major profit boosts
  • Tracking goals and having a clear plan helps AI succeed
  • AI is changing what jobs are needed, and companies are hiring new roles to keep up
  • Some jobs may shrink due to AI, especially in service and supply areas
  • AI use has grown a lot in sales, IT, and marketing
  • Companies now use AI in more parts of their business than before
  • AI helps reduce costs and bring in more money, but mostly inside specific teams-not across entire companies yet

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