Analytics Insights

Notes from the AI frontier: Applications and value of deep learning

April 2018— An analysis of more than 400 use cases across 19 industries and nine business functions highlights the broad use and significant economic potential of advanced AI techniques.
Visualizing the uses and potential impact of AI and other analytics

Artificial intelligence

Commentary - McKinsey Quarterly

The economics of artificial intelligence

– Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business.
Interactive

An executive’s guide to AI

– To stay at the forefront of the accelerating artificial-intelligence race, business executives can study up on the ABCs of AI... using this interactive.
Article - McKinsey Quarterly

Will artificial intelligence make you a better leader?

– Agile leadership and AI both depend on learning to let go.
Article - McKinsey Quarterly

What AI can and can’t do (yet) for your business

– Artificial intelligence is a moving target. Here’s how to take better aim.
Report - McKinsey Global Institute

How artificial intelligence can deliver real value to companies

– Companies new to the space can learn a great deal from early adopters who have invested billions into AI and are now beginning... to reap a range of benefits.

Data strategy

Article - McKinsey Quarterly

Competing in a world of digital ecosystems

– New players and blurring sector borders are starting to influence the competitive outlook in a wide range of industries. Here’s... a close-in look at changes afoot in automobiles and banking.
Survey

Fueling growth through data monetization

– A new survey finds that many companies are launching data-focused businesses. But few have achieved significant financial impact,... which requires the right combination of strategy, culture, and organization.
Article

A smarter way to jump into data lakes

– An agile approach to data-lake development can help companies launch analytics programs quickly and establish a data-friendly... culture for the long term.

Organizing for analytics

Article

Ten red flags signaling your analytics program will fail

– Struggling to become analytics-driven? One or more of these issues is likely what’s holding your organization back.
Article - Harvard Business Review

Analytics translator: The new must-have role

– The search for vital analytics talent has often focused on data scientists. In this article for Harvard Business Review,... we describe the overlooked analytics role that’s even more critical to fill.
Report - McKinsey Global Institute

What the future of work will mean for jobs, skills, and wages

– In an era marked by rapid advances in automation and artificial intelligence, new research assesses the jobs lost and jobs gained... under different scenarios through 2030.
Podcast

Agile with a capital ‘A’: A guide to the principles and pitfalls of agile development

– Understanding the true principles of agile can give companies the ability to work quickly, boosting efficiency and product success,... and, ultimately, creating real, lasting value.

Featured publication

Collection

Analytics comes of age

– Analytics and artificial intelligence are reshaping organizations and the entire business landscape. Learn how to capture the value by embedding them in your business.

Expert views

Video

Competing in the AI economy: An interview with MIT’s Andrew McAfee

– AI has arrived, but are companies ready for it? According to an MIT scientist, executives are underestimating the speed, scope, and scale of the disruption it will bring.
Video

AI is open for business: An interview with PayPal COO Bill Ready

– Cloud platforms have begun democratizing artificial intelligence, ushering in a new wave of AI innovation.
Video

The role of education in AI (and vice versa)

– Princeton’s head of computer science, Jennifer Rexford, explains how artificial intelligence is set to change not only what... teachers teach but how they teach.
Video - McKinsey Global Institute

How artificial intelligence and data add value to businesses

– Artificial intelligence will transform many companies and create completely new types of businesses. The cofounder of Coursera,... AI Fund, and Landing.AI shares how businesses can benefit.
Interview

How to build a data-first culture for a digital transformation

– Getting better data is key to eliminating the unknowns of a digital transformation. At Sprint, as CDO Rob Roy explains, leaders... called for a new company culture that put data first.

INDUSTRY PERSPECTIVES

Article

The trillion-dollar prize: Plugging government revenue leaks with advanced analytics

– Few fiscal opportunities are bigger than reducing revenue leakages from tax and payment abuse. Now, new sources of data and new analytics tools are giving governments the upper hand.
Report

Accelerating the car data monetization journey

– Capturing value from vehicle data will require players in the automotive ecosystem to approach the issue strategically and to... overcome the three main challenges that 60-plus executives identified in our proprietary survey and industry roundtables.
Article

Artificial intelligence: The time to act is now

– Artificial intelligence will soon change how we conduct our daily lives. Are companies prepared to capture value from the... oncoming wave of innovation?
Article

How pharma can accelerate business impact from advanced analytics

– Savvy pharma companies follow these five principles to scale analytics and improve their bottom line.
Article

The need for speed: Capturing today’s fashion consumer

– Top performers are using data analytics and consumer insights to stay ahead of the pack.

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More insights

Article - McKinsey Global Institute

Deep learning’s origins and pioneers

– The concept of deep learning has been around since the 1950s. Take a brief look at how it evolved from concept to actuality and... the key people who made it happen.
Report

AI looks North: Bridging Canada’s corporate artificial intelligence gap

– For Canadian industries to capture the enormous benefits that artificial intelligence offers, Canadian executives must make dramatic... shifts in their mindsets, strategies, and execution plans.
Article

Insurance 2030—The impact of AI on the future of insurance

– The industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change.
Report

Achieving business impact with data

– The best analytics are worth nothing with bad data. The importance of understanding and working on all components of the insights... value chain is mission critical.
Article - McKinsey Quarterly

AI’s growing impact

– Smart machines are giving storytellers and risk managers alike a helping hand.
Podcast - McKinsey Quarterly

The real-world potential and limitations of artificial intelligence

– Artificial intelligence has the potential to create trillions of dollars of value across the economy—if business leaders work... to understand what AI can and cannot do.
Podcast - McKinsey Global Institute

How can business leaders, policy makers, and individuals prepare today for the jobs of tomorrow?

– Zoë Baird and Tim O’Reilly share their perspectives on the disruptive impact that automation and artificial intelligence... will have on society, and their advice for what we need to do today to smooth the transition.
Article

How advanced analytics can benefit infrastructure capital planning

– Asset owners are lagging behind other industries in data analytics. Now’s the time to get going.
Article

Fueling utility innovation through analytics

– Utilities around the world are making big investments in advanced analytics. Getting the full value, however, requires rethinking... their strategy, culture, and organization.
Interactive - McKinsey Global Institute

Visualizing the uses and potential impact of AI and other analytics

– This interactive data visualization shows the potential value created by artificial intelligence and other analytics techniques... for 19 industries and nine business functions.
Article

Harnessing the power of advanced analytics in transmission and distribution asset management

– Advanced analytics is helping T&D operators improve performance, reduce asset-management costs, and capture value. Here’s... how successful utilities approach the transition.

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