Analytics Insights

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.
Visualizing the uses and potential impact of AI and other analytics

Artificial intelligence

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.
Article - McKinsey Quarterly

What AI can and can’t do (yet) for your business

– Artificial intelligence is a moving target. Here’s how to take better aim.
Report - McKinsey Global Institute

How artificial intelligence can deliver real value to companies

– Companies new to the space can learn a great deal from early adopters who have invested billions into AI and are now beginning... to reap a range of benefits.
Article

AI in storytelling: Machines as cocreators

– Computers don’t cry during sad stories, but they can tell when we will.

Data strategy

Article

Controlling machine-learning algorithms and their biases

– Myths aside, artificial intelligence is as prone to bias as the human kind. The good news is that the biases in algorithms can... also be diagnosed and treated.
Article - McKinsey Quarterly

Competing in a world of digital ecosystems

– New players and blurring sector borders are starting to influence the competitive outlook in a wide range of industries. Here’s... a close-in look at changes afoot in automobiles and banking.
Survey

Fueling growth through data monetization

– A new survey finds that many companies are launching data-focused businesses. But few have achieved significant financial impact,... which requires the right combination of strategy, culture, and organization.

Organizing for analytics

Interview - McKinsey Quarterly

Data as jet fuel: An interview with Boeing’s CIO

– It isn’t always comfortable, but data analytics is helping Boeing reach new heights.
Report - McKinsey Global Institute

What the future of work will mean for jobs, skills, and wages

– In an era marked by rapid advances in automation and artificial intelligence, new research assesses the jobs lost and jobs gained... under different scenarios through 2030.
Article

Advanced analytics: Nine insights from the C-suite

– Conversations with hundreds of business leaders reveal nine ways that they are—and are not—adapting to the analytics... revolution.
Podcast

Agile with a capital ‘A’: A guide to the principles and pitfalls of agile development

– Understanding the true principles of agile can give companies the ability to work quickly, boosting efficiency and product success,... and, ultimately, creating real, lasting value.

Featured publication

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

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.
Video

AI is open for business: An interview with PayPal COO Bill Ready

– Cloud platforms have begun democratizing artificial intelligence, ushering in a new wave of AI innovation.
Video

The role of education in AI (and vice versa)

– Princeton’s head of computer science, Jennifer Rexford, explains how artificial intelligence is set to change not only what... teachers teach but how they teach.
Video - McKinsey Global Institute

How artificial intelligence and data add value to businesses

– Artificial intelligence will transform many companies and create completely new types of businesses. The cofounder of Coursera,... AI Fund, and Landing.AI shares how businesses can benefit.
Interview

How to build a data-first culture for a digital transformation

– Getting better data is key to eliminating the unknowns of a digital transformation. At Sprint, as CDO Rob Roy explains, leaders... called for a new company culture that put data first.

INDUSTRY PERSPECTIVES

Article

The trillion-dollar prize: Plugging government revenue leaks with advanced analytics

– Few fiscal opportunities are bigger than reducing revenue leakages from tax and payment abuse. Now, new sources of data and new analytics tools are giving governments the upper hand.
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.
Article

Artificial intelligence: The time to act is now

– Artificial intelligence will soon change how we conduct our daily lives. Are companies prepared to capture value from the... oncoming wave of innovation?
Article

How pharma can accelerate business impact from advanced analytics

– Savvy pharma companies follow these five principles to scale analytics and improve their bottom line.
Article

The need for speed: Capturing today’s fashion consumer

– Top performers are using data analytics and consumer insights to stay ahead of the pack.

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More insights

Article

Advanced analytics: Poised to transform Asian companies

– Executives in Asia are increasingly aware of the tremendous impact that advanced analytics could have on their organization. Now... they must take concrete steps to adopt these technologies.
Article

Improving the effectiveness of tax collection: $30 in additional revenue for every $1 spent?

– An analysis of OECD countries’ expenditure on tax-collection effectiveness suggests high returns on investment.
Commentary

Supporting job growth and worker prosperity in a new era of automation

– With the advent of advanced automation, governments have a critical role to play in responding to workforce transitions.
Article

Boosting your sales ROI: How digital and analytics can drive new performance and growth

– Successful sales leaders use four principles to tailor digital and analytical tools to their companies’ unique needs.
Article

Using advanced analytics to boost productivity and profitability in chemical manufacturing

– Digital holds major promise for chemical companies, and employing advanced analytics in manufacturing presents some of the earliest-accessible... and largest opportunities.
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.
Article

Introducing customer success 2.0: The new growth engine

– Can software vendors and other companies identify more opportunities to grow and deliver value by taking a fresh look at customer... success?
Article

Maximizing value from advanced analytics in telco service operations

– By developing and pursuing high-potential use cases, telcos can unlock hidden value and ignite an analytics-driven transformation.
Article

Pursuing breakthroughs in cancer-drug development

– Here’s how to get the right medicines to the right patients faster.
Report

Artificial intelligence as auto companies’ new engine of value

– What opportunities does AI open up for mobility, and how can OEMs capture them in the short and long run?
Article

An analytics approach to debiasing asset-management decisions

– Asset managers can find a competitive edge in debiasing techniques—accelerated with advanced analytics.
Article

Turbocharging revenue growth in US treasury management

– Revenue growth in US treasury management tends to be lackluster. Enter new data sources and advanced analytics.
Issue - McKinsey Quarterly

McKinsey Quarterly 2017 Number 4: Overview and full issue

– This issue of the Quarterly, available here as a PDF download, examines AI-driven automation and how it will transform... the economy, discusses why lifelong learning should be a corporate priority, and lays out the health imperative for organizations.
Article

Reducing churn in telecom through advanced analytics

– A comprehensive, analytics-driven approach to base management can help telecom companies reduce churn by as much as 15%.
Article

A virtuous cycle for growth: Finding profit after the initial sale

– Advanced analytics can extend the profit life cycle for carmakers who know how to use it.
Article

Digital in R&D: The $100 billion opportunity

– Digital promises to transform R&D productivity over the next decade. What will it take to realize this potential?

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