Travel and High Tech industries received largest value from AI and analytics in 2018, making up 9.4% and 7.9% of total revenue, respectively, according to McKinsey estimates
Majority of business leaders in North America and Europe surveyed by McKinsey Global Institute believe there will be no change to workforce due to automation in 2018, with more expecting it to rise than decrease
Only 43% of companies effective to very effective in improving overall business performance through talent management in 2018, according to McKinsey survey
U.S. companies in Deloitte survey named AI researchers and software developers as top workers needed to fill organization’s AI skills gap in 2018
U.S. companies using AI to solve variety of problems across business functions, with IT automation and quality control mentioned most frequently in 2018 Deloitte study
Lack of clear strategy and skilled talent identified by McKinsey as top barriers of organizations in adopting AI in 2018
Majority of executives surveyed by PwC had invested in and will be investing in Internet-of-Things (IoT) and artificial intelligence by 2019
Global number of connected IoT devices forecasted by IoT Analytics to grow 19% annually between 2015 and 2025, from 3.8 billion to 21.5 billion
Building capabilities in-house found by McKinsey survey as top strategy used by most digitized companies to address needed talent and capabilities for AI activities in 2018
Majority of companies globally that deployed AI across various business functions received moderate to significant value in 2018, with manufacturing and risk benefiting the most, according to McKinsey study