Multiple forces are set to fuel growth in certain occupations and erode jobs in others. They generally fall into three categories: automation, including generative AI; an injection of federal investment into infrastructure and the net-zero transition; and long-term structural trends such as aging, ...
While generative AI is an exciting and rapidly advancing technology, the other applications of AI discussed in our previous report continue to account for the majority of the overall potential value of AI. Traditional advanced-analytics and machine learning algorithms are highly effective ...
generative AI could assist with the initial discovery of drug candidates in a high-throughput, low-cost setting. The McKinsey report found that generative AI
McKinsey:We see two main risks for organizations not investing in or deploying generative AI: 1) losing competitive advantage by waiting to invest; and 2) not scaling generative AI quickly, leading to organizations getting stuck in pilot purgatory. Speed is a strategy here....
To corral its vast amount of knowledge and drive new levels of productivity, the firm embarked on a journey to develop its generative AI platform, “Lilli.” Harness your knowledgeGet to know QuantumBlack, our AI arm European nongrocery retail: Transition and transformation After an unpredictable ...
The McKinsey Global Institute has estimated that across wholesale and retail banking, generative AI could add between $200bn and $340bn in value. So far, corporate and investment banks are using generative AI for new product development to accelerate software delivery; to extract, search, and sum...
Innovation has accelerated in the three trends that are part of the “AI revolution” group: generative AI, applied AI, and industrializing machine learning. Gen AI creates new content from unstructured data (such as text and images), applied AI leverages machine learning models for analytical ...
NVIDIA’s AI Insights for Diabetes Prevention with GluFormer NVIDIA’s new generative AI model GluFormerpredicts glucose levels and other healthconditions, with help from Weizmann Instituteof Science & Pheno.AI Novo Nordisk's CagriSema Next Gen Weight-Loss Treatment Medical Devices & Pharma Transfo...
The rise of generative AI (gen AI) A large percentage of data is unstructured, which previously made it hard to standardize, reformat and share without investing in expensive tools and processes. The rise of gen AI, particularly of Large Language Models (LLMs) trained on internal data, makes...
the trends with robust investment and innovation, such as generative AI, not only maintained but also increased their job postings, reflecting a strong demand for new and advanced skills. Electrification and renewables was the other trend that saw positive job growth, partially due to public sector...