Solving the AI productivity puzzle
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| | Brought to you by Alex Panas, global leader of industries, & Becca Coggins, global leader of functional practices and growth platforms
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| | | | | In the news. Just because employees are freeing up time by using AI doesn’t necessarily mean their companies are functioning any better. The Financial Times reports that a survey of 6,000 digital workers reveals a productivity paradox: AI is saving workers 11 hours per week, but only 13% of respondents are seeing any improvement in organizational performance. Some of that discrepancy may be due to employees spending more time “botsitting” AI tools to make them work better or prioritizing “performative” work to impress bosses and colleagues instead of genuinely getting things done. [FT] | | | |
| High performers pursue growth and innovation alongside efficiency; they fundamentally redesign workflows that are enabled by AI rather than insert AI into existing ones. | | | |
| On McKinsey.com. McKinsey’s latest global survey on the state of AI finds a similar gap between individual and company-wide gains: 80% of respondents say AI improves their productivity, but just 37% report a positive contribution to enterprise earnings. A small group of high performers points to a path forward, say McKinsey’s Dan Tinkoff, Lieven Van der Veken, Michael Chui, and Tara Balakrishnan. Of these organizations, nearly 75% report redesigning workflows through AI use, compared with 25% of others. Leaders looking to convert employee-level gains into financial returns can reimagine end-to-end workflows, measure impact, and build the operating capabilities to scale what works.
Survey the state of AI | | | |
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| | | In the news. One-third of Americans saving for retirement say they carry more credit card debt than savings, and most doubt they’ll close the gap by the time they retire. [MarketWatch]
On McKinsey.com. Financial security may be a priority for Americans nearing retirement, but achieving it can be difficult. Authors Diana Ellsworth and JP Julien explore that tension and others in a McKinsey survey on economic mobility that examines Americans’ aspirations and priorities for a better life.
See what Americans value | | |
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| | | In the news. Businesses remain hesitant to adopt instant payments when existing systems work well enough, but those that make the switch see greater value. [PYMNTS] On McKinsey.com. Instant payments are gaining ground globally, but adoption varies widely by market. McKinsey’s Grace Klopcic, Gustavo Tayar, Roberto Marchi, and Uzayr Jeenah offer lessons from international markets to help commercial-payments players keep pace with rapid change.
Rethink the payments playbook | | |
| —Edited by Eric Quiñones, senior editor, New Jersey
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