Analytics Insights

Visualizing the uses and potential impact of AI and other analytics

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

April 2018— 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.

Artificial intelligence

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.
Commentary - McKinsey Quarterly

The economics of artificial intelligence

– Rotman School of Management professor Ajay Agrawal explains how AI changes the cost of prediction and what this means for business.
Interactive

An executive’s guide to AI

– To stay at the forefront of the accelerating artificial-intelligence race, business executives can study up on the ABCs of AI... using this interactive.
Article - McKinsey Quarterly

Will artificial intelligence make you a better leader?

– Agile leadership and AI both depend on learning to let go.

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

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.
Report

Accelerating the car data monetization journey

– Capturing value from vehicle data will require players in the automotive ecosystem to approach the issue strategically and to... overcome the three main challenges that 60-plus executives identified in our proprietary survey and industry roundtables.

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More insights

Article

How higher-education institutions can transform themselves using advanced analytics

– Many college and university leaders remain unsure of how to incorporate analytics into their operations. What really works?
Article

Building a great data platform

– Five insights into building a great data platform can help energy, chemical, utility, and basic-materials companies get it right.
Interactive - McKinsey Quarterly

Five Fifty: Use the force

– How does AI work best? As a force multiplier for data analytics.
Interactive - McKinsey Quarterly

Five Fifty: Unprotected

– Your air conditioning system. Your factory widgets. Even the fish tank thermometer. Every IoT sensor is a potential target for... hackers.
Article

Real-world evidence: Driving a new drug-development paradigm in oncology

– The potential for real-world evidence is expanding, particularly in oncology drug development. To compete, some companies are... investing in robust real-world data and analytic capabilities.
Article

Memo to the CFO: Get in front of digital finance—or get left back

– Companies are still in the early stages of applying digital technologies to finance processes in ways that will create more efficiencies,... insights, and value over the long term. Here is how the CFO can lead the way.
Article - McKinsey Quarterly

Accelerating product development: The tools you need now

– To speed innovation and fend off disruption, R&D organizations at incumbent companies can borrow the tools and techniques... that digital natives use to get ahead.
Article

Deep insights, broad solutions: How banks can win in the vast housing ecosystem

– The value of an ecosystem is closely tied to how many connections it can make in the service of customer needs. To strengthen... their natural position in housing, banks must broaden their scope without losing their focus on individual consumers.
Interactive - McKinsey Quarterly

Five fifty: Real-world AI

– Unsure where or how AI applies to your company? McKinsey Global Institute found over 400 real-life examples where AI can improve... longstanding business challenges.
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.
Video

Applying AI: Where—and how—to put artificial intelligence to work

– Need actionable insights on AI? A webinar with McKinsey and QuantumBlack leaders explores ways to deliver impact through analytics.
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