Well it's about time - McKinsey report says AI is 'on the road to ROI' at last
- McKinsey report into the state of AI finds more businesses are deploying agentic solutions
- 20% of organizations have been constrained by operating costs but plan to increase investments into AI
- However some are still concerned about job cuts due to AI replacement
More companies are adopting agentic AI solutions, but are also facing difficulties in making the technology pay for itself, according to new research from McKinsey - however, there is good news on the horizon, with reports of an encouraging financial impact attributed to AI use.
Several cost-saving advantages of AI adoption have been found, with almost 33% of respondents saying they had moved away from software procurement in favor of developing in-house solutions with agentic coding tools.
Interestingly, the survey has found that while AI use for organizations at large seems relatively muted, it is boosting the performance of individual employees. But on the downside, 39% of those...
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