Companies Are Making Serious Money With AI

“In a 2019 MIT Sloan Management Review and Boston Consulting Group AI survey, for example, 7 out of 10 companies reported minimal or no value from their AI investments.
In the 2022 survey of senior data and technology executives by NewVantage Partners (where Randy Bean is CEO and cofounder, and Tom Davenport is a fellow), 92% of large companies reported that they are achieving returns on their data and AI investments.
A 2021 McKinsey global survey on AI…indicates that AI’s economic return is growing. The share of respondents reporting at least 5% of earnings (EBIT) that are attributable to AI has increased to 27%, up from 22% in the previous survey.”