During times of crises, several companies rise above their pre- crisis levels. This was true for the recession of 2007- 08 and the smaller one earlier in 2000- 01. The present crisis the world is facing will also meet a similar follow- up. Several will rise up as the leaders in their segments. To do that, companies will need to first and foremost, demystify AI. Artificial Intelligence needs to be for all and with all. This is because AI can offer benefits in five broad areas to all kinds of employees. One is in foresight through the use of business analytics. Another is in assistance. Then there is expertise, and also explanation and simulation. Trust worthy AI advocates need to be groomed. The existing business intelligence capabilities need much bolstering. Common grounds need to be highlighted, while the benefits have to be personalized.

Source:https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/how-to-build-ai-with-and-for-everyone-in-your-organization

Uploaded Date:29 May 2020