AI-Driven Future · Data Alchemy

AI-Driven Future

This article by McKinsey explains what generative artificial intelligence (gen AI) is and how organization leaders get prepared to stay ahead of the curve in the fast-changing world of gen AI. Below are the top 3 highlights:

1. Gen AI is a type of artificial intelligence that can create new content, such as text, images, and code, with little or no human input. It is becoming more accessible, ubiquitous, and impactful for businesses and the economy.

2. Gen AI can augment the work, learning, and innovation of employees, managers, and leaders. It can also enable new ways of collaboration and value creation. However, it also poses significant challenges and risks, such as ethical, legal, and social implications, as well as potential disruption of industries and business models.

3. Leaders need to act now to demystify gen AI for themselves and others, identify high-impact use cases and pilots, and commit to building the necessary roles, skills, and capabilities. They should also manage the risks and challenges associated with gen AI and lead the change and transformation with gen AI.

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