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2024-05-20 08:02
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Since generative AI (gen AI) burst onto the scene in late 2022, it’s captivated business leaders and society at large. The excitement is well deserved: McKinsey research indicates that gen AI could add the equivalent of $2.6 trillion to $4.4 trillion of value annually—and redefine the way people work and live.
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In this McKinsey Explainer, we define what AI is, and look at how rapid advances in Artificial Intelligence are reshaping almost every aspect of global society.
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Generative artificial intelligence (AI) describes algorithms (such as ChatGPT) that can be used to create new content, including audio, code, images, text, simulations, and videos. Recent breakthroughs in the field have the potential to drastically change the way we approach content creation.
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Generative AI poses both risks and opportunities. Here’s a road map to mitigate the former while moving to capture the latter from day one.
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If 2023 was generative AI’s breakout year, 2024 is shaping up to be the year for generative AI to prove its value. Which industries are poised to benefit most from the rapidly developing technology? This collection of insights from McKinsey’s Rodney Zemmel, Matt Fitzpatrick, Delphine Nain Zurkiya, and many others, dives into perspectives across industries, including energy and materials, real estate, life sciences, high tech, and banking. For more on how organizations can most effectively and responsibly use generative AI to create business value, check out QuantumBlack, McKinsey’s AI arm.
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The generative AI payoff may only come when companies do deeper organizational surgery on their business.
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Uncover the transformative power of generative AI within the operations value chain—shaping C-suite discussions across industries.
In this episode of McKinsey Talks Operations, host Christian Johnson sits down with senior partner Nicolai Müller and partner Marie El Hoyek from McKinsey’s Operations Practice. Together, they discuss the game-changing potential of generative AI. From automating complex processes to unprecedented opportunities across industries, discover insights on productivity boosts, system considerations, and the vital capabilities organizations need for successful integration. |
A people-focused approach to AI can transform jobs for the better—and improve performance, too.
‘Humans in the loop’: It’s the angst-ameliorating mantra for the new age of generative AI. But what does it really mean? In this episode of McKinsey Talks Talent, Stanford University professor Melissa Valentine joins McKinsey partners Bryan Hancock and Brooke Weddle, along with global editorial director Lucia Rahilly, to discuss human-centered artificial intelligence: what it is, how it improves performance, and how it can help shift skittish employees’ mindsets from “ugh” to “wow.” |
