💨 Abstract

The McKinsey report indicates that large companies ($500 million+ annual revenue) are adopting Gen AI more rapidly than smaller organizations. These companies are creating structures to derive significant value from Gen AI, though they are still in the early stages. Companies are redesigning workflows, enhancing governance, and managing more risks. The report reveals that over three-quarters of respondents use AI in at least one business function, with Gen AI usage rapidly increasing.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖