The use of IT grew rapidly with the automation of an increasing number of individual processes, while the underlying structure of organizations remained in place. AI has the potential to increase global economic output by as much as $15tn by 2030 but is being held up by a corporate culture that needs to change, according to separate reports by McKinsey and PwC. The authors said just 8% of companies are adapting to AI adoption with many only using it in a pilot format. “Companies need to be more aggressive about adopting AI,” says McKinsey’s chief technology officer David Weir.
AI has the potential to increase global economic output by as much as $15tn by 2030 but is being held up by a corporate culture that needs to change, according to separate reports by McKinsey and PwC. The authors said just 8% of companies are adapting to AI adoption with many only using it in a pilot format. “Companies need to be more aggressive about adopting AI,” says McKinsey’s chief technology officer David Weir.