INFOGRAPHIC potential for both enhanced productivity and topline growth . It outlines several characteristics that set the winners apart from observers .
Winners invest for productivity and top-line growth . Organisations that plan to invest more than $ 50 million in AI and GenAI this year are 1.3 times more likely to see cost savings in 2024 , and 1.5 times more likely to achieve more than 10 % in cost savings .
Winners are systematically upskilling . Twenty-one percent of organisations spending upward of $ 50 million on AI and GenAI this year have already trained more than a quarter of their people .
Winners are vigilant about GenAI cost of use . Cost of use , which has serious long-term implications , is not commanding the attention it should . Only 19 % of those surveyed consider cost the top concern when choosing an AI and GenAI solution .
Winners build intentional relationships . Only 3 % of executives consider preexisting partnerships a priority when looking for AI solutions .
Winners implement responsible AI , RAI principles . Of the companies surveyed that are investing more than $ 50 million in AI in 2024 , 27 % put the CEO in charge of their RAI strategy , versus 14 % overall .
To unlock GenAI ’ s full potential , executives should deploy it to improve efficiency of everyday tasks , reshape critical functions , and invent new business models . Doing so can increase productivity by up to 20 %, enhance efficiency and effectiveness by up to 50 %, boost revenue , and create long-term competitive advantage . p
Source : The BCG AI Radar , From Potential to Profit with GenAI
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