McKinsey has developed a data visualization tool to understand the true impact as well as overall potential for Artificial Intelligence (AI) and business analytics. This has made use of four-hundred use cases across nine functional areas and nineteen industries. Due to the cross-functional nature of this framework developed, an analyst can also study the findings from one sector could be applied in another. Some of the industries used in this are- retail, travel, logistics, automotive, insurance, banking, healthcare, high-tech, chemicals media, telecom, agriculture, oil and aerospace. McKinsey has a rich trove of data warehousing through its own research as well as third party analysis, which it has made use of in developing this. Some of the business functions that can be assessed here are- customer acquisition, customer service, pricing, sales and predictive analytics.

Source:https://www.mckinsey.com/featured-insights/artificial-intelligence/visualizing-the-uses-and-potential-impact-of-ai-and-other-analytics?cid=other-soc-twi-mgi-mgi-oth-1807

Uploaded Date:25 August 2018