As Groundhog Day traditions unfold in the US and Canada with whimsical predictions about winter's end, we're reminded that some cycles persist. The same could be said for the world of gen AI: Every year, we witness new advancements, renewed enthusiasm, and a sense of déjà vu. The hype around gen AI can sometimes feel like a recurring dream. In reality, however, organizations are only scratching the surface when it comes to the tech.
Still, leaders across domains are optimistic about the value they can capture through generative AI in the coming years. McKinsey’s Hannah Mayer, Lareina Yee, Michael Chui, and Roger Roberts write: “A full 87 percent of executives expect revenue growth from gen AI within the next three years.” Explore these insights for a look into how gen AI could further impact different industries, including beauty, biopharma, and insurance.
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