Generative AI is sizzling. In half a year, countless new tools and models have sprung up. But many folks still scratch their heads on how to harness this AI power, especially for their work and industry.
Now, here’s a ray of hope! McKinsey & Company shared a fantastic piece on the money-making potential of GenerativeAI. It might pump a whopping $2.6 to $4.4 trillion into the economy each year! But what’s in it for you?
Here are five easy takeaways:
- Most of the benefits from Generative AI, around 75%, lie in four fields: customer service, sales and marketing, software development, and R&D.
- Industries like banking, high-tech, and life sciences might enjoy the biggest windfalls from Generative AI.
- Current AI tools could automate tasks that eat up 60 to 70 percent of worker’s hours today.
- Workforce changes might speed up, thanks to increasing automation potential.
- The dawn of the Generative AI era is upon us.
Want all the details? Check out the full article to catch all of McKinsey’s insights. https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier#introduction
I hope that you found this email informative.
Cheers, Jonathan
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