According to Gartner, around 37% of organizations are implementing some form of AI. Yet, according to a survey conducted by EY, only about 20% of firms are seeing have strategic AI capabilities. Very few organizations have successfully managed to harness the real power of AI to create meaningful impact.
How to harness AI? What should be the framework? The paper published by McKinsey Global Institute (MGI) recommends five areas that organizations need to focus on.