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AI and the Costs of Late Adoption

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The McKinsey Global Institute has released an 80-page “discussion paper” entitled Artificial Intelligence: The Next Digital Frontier?

 Needless to say, the question posited in the title is a straw man, as the research results indicate clearly both the current rush toward AI-powered innovations and the business advantages early adopters are experiencing. The report is appropriately wide-ranging, covering the dynamics of profit gains for early-mover enterprises, estimating “windows of opportunity” in the market and the capabilities required to seize them, and, not least, considerations of re-skilling the work force in transformative ways.

The discussion paper represents a sober addition to the current set of research on the state and direction of AI/cognitive computing, without the veneer of hype so common in nominally analytic AI reports.

The report can be found here: http://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/how-artificial-intelligence-can-deliver-real-value-to-companies

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