""Among a group of top-performing companies, the firm found that AI delivered returns of about $3 for every dollar invested in the tech.""
""After about one to two years, the majority of companies were generating cash from AI adoption, with core profit up about 20% on average a few years later.""
""AI adoption is about quality, not quantity. About two-thirds of the cohort focused on incorporating AI into three or fewer domains.""
AI is beginning to show financial returns, with McKinsey reporting that top-performing companies achieve about $3 in returns for every dollar invested. The consultancy analyzed 20 companies using its 'Rewired' framework, which emphasizes transforming talent, operations, technology, and data. After one to two years, most companies began generating cash from AI, with significant profit increases occurring in subsequent years. Successful AI adoption focuses on quality over quantity, with many companies integrating AI into three or fewer domains.
Read at www.businessinsider.com
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