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.”

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