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Wait-and-See Could Be a Costly AI Strategy

Less than 5% of companies are using AI to reinvent how they do business, but the competitive intensity surrounding the technology suggests that a wait-and-see strategy could be a costly mistake. To get a share of the global profit pool of US$1 trillion that AI will produce by 2030, McKinsey’s Global Institute says companies should begin adopting it at scale within the next 3 years.

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