There is a proven path to success
There is evidence that when firms can and do align these varying groups, employees, and functions, the results are amazing. This is one of the reasons why we see the leading firms that have invested seriously in analytics pulling away so dramatically from the majority of the firms across multiple geographies and industries.
A global study by McKinsey in 2019 illustrated:
that a small share of companies—from a variety of sectors—are attaining outsize business results from AI, potentially widening the gap between AI power users and adoption laggards. Respondents from these high-performing companies (or AI high performers) report that they achieve a greater scale and see both higher revenue increases and greater cost decreases than other companies that use AI. McKinsey defines an AI high performer as a company that, according to respondents, has adopted AI in five or more business activities (is in the top quartile...
