Where’s the Value in AI?

The full report is a PDF with a lot in it. This overview of what they identified leading companies doing was interesting.

Leaders differentiate themselves from other companies in six ways:

• They focus on core business processes and support functions, seeking to deploy AI for productivity, to reshape processes and functions, and to invent new revenue streams.
• They are more ambitious, setting big targets ($1 billion in productivity improvements at a financial institution, for example, or $1 billion in combined revenue increases and cost reductions at a biopharma firm) and investing in AI and workforce enablement.
• They invest strategically in a few high-priority opportunities to scale and maximize AI's value.
• They integrate AI in both cost reduction and revenue generation efforts.
• They focus their efforts on people and processes over technology and algorithms.
• They have moved quickly to focus on GenAI, which opens opportunities in content creation, qualitative reasoning, and connecting other tools and platforms.

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