Analytics Insights

Notes from the frontier: Modeling the impact of AI on the world economy

Notes from the AI frontier: Modeling the impact of AI on the world economy

September 2018—Artificial intelligence has large potential to contribute to global economic activity. But widening gaps among countries, companies, and workers will need to be managed to maximize the benefits.

Artificial intelligence

Executive Briefing - McKinsey Global Institute

The promise and challenge of the age of artificial intelligence

– AI promises considerable economic benefits, even as it disrupts the world of work. These three priorities will help achieve good outcomes.
Discussion Paper - McKinsey Global Institute

Notes from the AI frontier: Applications and value of deep learning

– An analysis of more than 400 use cases across 19 industries and nine business functions highlights the broad use and significant... economic potential of advanced AI techniques.
Article - McKinsey Quarterly

Artificial intelligence: Why a digital base is critical

– Early AI adopters are starting to shift industry profit pools. Companies need strong digital capabilities to compete.
Podcast - McKinsey Quarterly

The real-world potential and limitations of artificial intelligence

– Artificial intelligence has the potential to create trillions of dollars of value across the economy—if business leaders work... to understand what AI can and cannot do.
Article

Cracking down on government fraud with data analytics

– New data tools are giving government agencies the upper hand in taming fraud, waste, and abuse. Lessons from scaled approaches... show how to capture the hundreds of billions of dollars at stake.

Data strategy

Podcast

Data privacy: What every manager needs to know

– As companies begin to follow the principles of GDPR, the European Union directive on data protection, they must better understand... what personal information really is and how to properly manage it.
Report

Achieving business impact with data

– The best analytics are worth nothing with bad data. The importance of understanding and working on all components of the insights... value chain is mission critical.
Interactive - McKinsey Quarterly

Five Fifty: The data disconnect

– Companies may have more data than ever, but not everyone is making money with it.

Organizing for analytics

Executive Briefing - McKinsey Global Institute

AI, automation, and the future of work: Ten things to solve for

– As machines increasingly complement human labor in the workplace, we will all need to adjust to reap the benefits.
Article

Ten red flags signaling your analytics program will fail

– Struggling to become analytics-driven? One or more of these issues is likely what’s holding your organization back.
Article

Breaking away: The secrets to scaling analytics

– A handful of the world’s companies have cracked the code on embedding analytics into every layer of their organizations.
Article - Harvard Business Review

Analytics translator: The new must-have role

– The search for vital analytics talent has often focused on data scientists. In this article for Harvard Business Review,... we describe the overlooked analytics role that’s even more critical to fill.

Featured publications

Collection

Crossing the frontier: How to apply AI for impact

Cut through the noise around artificial intelligence with this collection of our latest thinking on where and how best to use AI in your organization.
Collection

Analytics comes of age

Analytics and artificial intelligence are reshaping organizations and the entire business landscape. Learn how to capture the value by embedding them in your business.

Expert views

Video - McKinsey Global Institute

Kai-Fu Lee’s perspectives on two global leaders in artificial intelligence: China and the United States

– Kai-Fu Lee shares his perspectives on developing and adopting artificial intelligence in China and the United States with McKinsey Global Institute partner Michael Chui.
Interview - McKinsey Quarterly

How NBCUniversal is creating ‘pull’ for analytics

– To realize the full potential of data analytics, start with your people and their needs, says Cameron Davies, the company’s... head of corporate decision sciences.
Interview - McKinsey Quarterly

A view from the front lines of baseball’s data-analytics revolution

– In the second of a two-part interview, Houston Astros general manager Jeff Luhnow describes how analytics has changed baseball—from... Moneyball in 2003 to the last out of the 2017 World Series.
Interview - McKinsey Quarterly

How the Houston Astros are winning through advanced analytics

– In the first of a two-part interview, the architect of last year’s World Series champions shares how analytics, organization,... and culture combine to create competitive advantage in a zero-sum industry.
Video

Competing in the AI economy: An interview with MIT’s Andrew McAfee

– AI has arrived, but are companies ready for it? According to an MIT scientist, executives are underestimating the speed, scope,... and scale of the disruption it will bring.

INDUSTRY PERSPECTIVES

Article

Smarter analytics for banks

– Banks have a strong foundation in using data. New research reveals how they can get even more from their analytics investments.
Article

Insurance 2030—The impact of AI on the future of insurance

– The industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change.
Article

Advanced analytics in software pricing: Enabling sales to price with confidence

– Building advanced analytics such as dynamic deal scoring into the core commercial process helps software sales organizations price... smarter, streamline the approval process, and win more deals.
Article

How advanced analytics can benefit infrastructure capital planning

– Asset owners are lagging behind other industries in data analytics. Now’s the time to get going.
Article

Fueling utility innovation through analytics

– Utilities around the world are making big investments in advanced analytics. Getting the full value, however, requires rethinking... their strategy, culture, and organization.

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More insights

Interview

Analytics and automation in telcos: An interview with Nokia’s VP of global service delivery

– Digital operating models and new data-driven tools can not only deliver value to customers but can also help keep operators’... own houses in order.
Article

Miles ahead: How to improve airline customer-loyalty programs

– Without a new approach, airline loyalty programs risk alienating many customers.
Article

Getting ahead of the market: How big data is transforming real estate

– Many real estate firms have long made decisions based on a combination of intuition and traditional, retrospective data. Today,... a host of new variables make it possible to paint more vivid pictures of a location’s future risks and opportunities.
Report - McKinsey Global Institute

The future of work: Switzerland’s digital opportunity

– New technologies can give Switzerland’s economy a much-needed productivity boost, but bold digital transformation and skills... development are imperative.
Issue - McKinsey Quarterly

McKinsey Quarterly 2018 Number 3: Overview and full issue

– This issue of the Quarterly, available here as a PDF download, explores how leaders can build a corporate culture in... harmony with analytics efforts, suggests how to unleash agile teams, and discusses the importance of maintaining employees’ health and well-being.
Podcast

Demystifying AI and machine learning for executives

– In this interview, Tamim Saleh cuts through the hype around artificial intelligence with guidance for executives about where and... how to employ AI in their businesses.
Article

Combating payments fraud and enhancing customer experience

– The same technological tools making fraud more pervasive in banking and payments are enabling firms to meet the challenge.
Article

How machine learning can improve pricing performance

– New analytical capabilities have the potential to transform the way banks and other payment providers price products and services.
Video

The AI factor in talent management: An interview with Catalyte’s Jacob Hsu and Mike Rosenbaum

– Top executives at one innovative software development firm share how they harnessed artificial intelligence to create a more diverse—and... more productive—workforce.
Interview - McKinsey Quarterly

Why data culture matters

– Organizational culture can accelerate the application of analytics, amplify its power, and steer companies away from risky outcomes.... Here are seven principles that underpin a healthy data culture.
Article

How analytics and digital will drive next-generation retail merchandising

– As merchandising in retail continues to evolve with the integration of analytics and other digital solutions, merchants need to... become much more nimble and ready to fulfill customer needs.
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