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Artificial intelligence sounds like it belongs to the domain of science fiction, but companies have been using AI in very real and practical ways.
A new report from the McKinsey Global Institute titled “Notes from the AI Frontier” looks at how companies are currently using AI techniques to solve business problems along with how they can use them in the future.
“One of the things we’ve done is we’ve looked at something like over 500 use cases,” said James Manyika, director of the McKinsey Global Institute. “These are actual problems in the real world that typically businesses are trying to figure out. Predictive maintenance, for example. Trying to understand information and supply chains, for example.”
How much value can AI generate in economic terms? Between $3.5 trillion and $5.8 trillion across 19 industries.
We dived into McKinsey’s paper to look at the ways it can be used in different industries. Here were some of the findings:
|Will AI eventually let us enhance our own brains?|
|Bringing artificial intelligence to the factory floor|
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