Generative AI’s impact on productivity could add trillions of dollars in value to the global economy—and the era is just beginning.
1“Creatingvalue,findingfocus:GlobalInsuranceReport2022,”McKinsey,February15,2022. iiGlobalInsuranceReport2023:Reimagininglifeinsurance Overthepastdecade, thelifeandretirement industryhasexperienced increasinginstability. ©MF3d/GettyImages 1 Fourparamount forcescreating opportunities andobstaclesfor theindustry Ov...
Banks may need to step up their defenses across eight areas: cybersecurity, data privacy, third-party oversight, responsible AI, operational resilience, financial crimes, nonfinancial risks, and resolution planning. As these risks continue to evolve, banks will need to balance innovation with ...
Artificial Intelligence (AI) has been in the news a lot lately. And according to a recent report from the McKinsey Global Institute, about half of today’s work activities could be automated(自动化的) by 2055. Could “teaching” be on that list?
Generative AI’s creative crossroads.After generative AI’s (gen AI) breakout year in 2023, more use cases are emerging across the industry. Capturing value will require fashion players to look beyond automation and explore gen AI’s potential to enhance the work of human creatives. ...
In our 2024 report, we take another look at how AI can and has already become a key part of solutions to benefit people and the planet by mapping innovations and impact to the SDGs (see sidebar “Methodology”). The SDGs comprise 17 goals and 169 targets that aim to improve lives around...
AI is a big story for all kinds of businesses, but some companies are clearly movingahead of the pack. Our state of AI in 2022 survey showed that adoption of AI models has more than doubled since 2017—and investment has increased apace. What’s more, the specific areas in which compani...
Women in the Workplace 2024: The 10th-anniversary reportAnother healthcare system, BIOS, is working with Montreal-based research institute Mila to develop a closed-loop neuromodulation system using AI. The system could be used in various applications, such as chronic cardiac conditions; ...
But high tech and banking will see even more impact via gen AI’s potential to accelerate software development. Source: The economic potential of generative AI: The next productivity frontier So understanding the use cases that will deliver the most value to your industry is key Our report,...
Women in the Workplace 2024: The 10th-anniversary reportIn the New York region, gen AI’s impact may help combat the overall trend of decelerating productivity: while New York City’s labor productivity grew by an average of 2.1 percent a year from 1947 to 2018, it increa...