Artificial intelligence (AI) presents opportunities for huge growth in the next decade, but if you want to take advantage, you must “rewire” your organisation now, write Tim Fountaine, Brian McCarthy and Tamim Saleh for Harvard Business Review.
Artificial intelligence (AI) is already starting to reshape business and, as the technology required to enable it becomes more affordable, AI is going to be revolutionary. McKinsey partners Tim Fountaine, Brian McCarthy and Tamim Sale estimate that AI will add US$13 trillion to the global economy in the next 10 years.
However, their research suggests only 8% of companies “engage in core practices that support widespread adoption”. The problem is a failure by business leaders to break down the cultural and organisational barriers preventing their companies taking full advantage of the opportunities offered by AI.