Would you believe there are some companies that attribute at least 20% of their earnings (before interest and taxes) to their use of artificial intelligence? What do these leading AI companies know that you don’t?
It’s a question worth exploring. Many companies are meandering through the strategy phase of AI, especially gen AI, and are focused on defining a vision that aligns with their business. High performers, on the other hand, are past that phase. They invest more and use AI more broadly.
We’ll highlight some of these high performers, including Schneider Electric, Rossignol, and General Mills. But first…
The big trend
In a report on the state of AI, McKinsey identified the following traits of leading AI companies, high performers that distinguish themselves from the rest:
Their AI efforts are geared less towards cost reduction and more towards creating new businesses and sources of revenue. They’re more
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