Companies with $500 million+ revenue adopting AI faster than smaller firms: McKinsey

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Companies with at least $500 million (Rs 50 crores) in annual revenue are adopting Artificial Intellignece (AI) more quickly than smaller organisations, according to a report by McKinsey.

“The companies with more than USD 500 million in annual revenues are using GenAI throughout more of their organisations than smaller companies are,” the report says.

The report says that the organisations are beginning to create the structures and processes that lead to meaningful value from GenAI.

While still in the early days, companies are redesigning workflows,…



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Companies with $500 million+ revenue adopting AI faster than smaller firms: McKinsey


Companies with at least $500 million (Rs 50 crores) in annual revenue are adopting Artificial Intellignece (AI) more quickly than smaller organisations, according to a report by McKinsey.

“The companies with more than USD 500 million in annual revenues are using GenAI throughout more of their organisations than smaller companies are,” the report says.

The report says that the organisations are beginning to create the structures and processes that lead to meaningful value from GenAI.

While still in the early days, companies are redesigning workflows,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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