All this week, our daily charts will focus on one of the hottest topics in business: AI. We’ll take a closer look at the technology’s implications for growth, industries, the workforce, and more.
There are 15 tech trends that executives should follow closely, according to a recent report by McKinsey Global Institute partner Michael Chui, senior partner Lareina Yee, and colleagues. Generative AI is garnering lots of attention, for good reason: the technology is poised to add as much as $4.4 trillion annually in economic value. However, firms should not underestimate the growth potential of applied AI and industrializing machine learning, two related trends that have seen a significant uptick in interest, innovation, and investment. For more on all 15 trends, see the animated chart below.
![We described each trend by scoring innovation and interest. We also counted investments and rated their level of adoption by organizations.](/~/media/mckinsey/featured%20insights/charting%20the%20path%20to%20the%20next%20normal/2023/aug/gifs/cod-techtrends-scatter-v6-ex1-rj-timed-v2.gif)
To read the report, see “McKinsey Technology Trends Outlook 2023,” July 20, 2023.