Friday, May 17, 2024

g-f(2)2392 Harnessing the Trillion-Dollar Potential of GenAI

 


genioux Fact post by Fernando Machuca and Copilot



The genioux GK Nugget on the State of the Art of GenAI (5/17/2024)


"Since generative AI (gen AI) burst onto the scene in late 2022, it’s captivated business leaders and society at large. The excitement is well deserved: McKinsey research indicates that gen AI could add the equivalent of $2.6 trillion to $4.4 trillion of value annually—and redefine the way people work and live." — McKinsey & Company, May 17, 2024



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100 articles on generative AI, McKinsey & CompanyMay 17, 2024



Classical Summary:


The article "100 articles on generative AI" from McKinsey & Company is a comprehensive collection of insights and research on generative AI (gen AI) since its emergence in late 2022¹. The collection includes more than 100 articles that aim to help organizations harness the potential of gen AI and translate it into sustainable business value¹.


Key highlights from the collection include:


  • Economic Potential: McKinsey's research indicates that gen AI could add the equivalent of $2.6 trillion to $4.4 trillion of value annually, redefining the way people work and live¹.
  • Generative AI's Breakout Year: The collection includes a report on the technology's potential impact on productivity by McKinsey’s Alex Singla and Alexander Sukharevsky, global co-leaders of QuantumBlack, AI, and co-authors¹.
  • CEO's Guide to Generative AI: The collection provides insights for CEOs about generative AI and its potential impact on businesses¹.
  • Generative AI and the Future of Work: The collection explores how gen AI could change the future of work in America¹.
  • Generative AI in Fashion: The collection also explores how gen AI could unlock the future of fashion¹.


The collection is a valuable resource for anyone interested in understanding the current trends in generative AI and its potential impact on various aspects of our lives¹.


Source: Conversation with Bing, 5/17/2024

(1) 100 articles on generative AI - McKinsey & Company. https://www.mckinsey.com/featured-insights/themes/100-articles-on-generative-ai.

(2) A generative AI reset: Rewiring to turn potential ... - McKinsey & Company. https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/a-generative-ai-reset-rewiring-to-turn-potential-into-value-in-2024.

(3) What is the future of Generative AI? | McKinsey. https://www.mckinsey.com/featured-insights/mckinsey-explainers/whats-the-future-of-generative-ai-an-early-view-in-15-charts.



McKinsey & Company


McKinsey & Company is a global management consulting firm that serves leading businesses, governments, non-governmental organizations, and not-for-profits¹. The firm is designed to operate as one—a single global partnership united by a strong set of values¹.


McKinsey helps clients make significant and lasting improvements to their performance and realize their most important goals. They work with clients to help them innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for this generation and the next¹.


The firm is deeply committed to attracting and developing a talented and diverse group of colleagues and helping clients create meaningful and lasting change¹. They are equally committed to both sides of their mission: attracting and developing a talented and diverse group of colleagues and helping their clients create meaningful and lasting change¹.


McKinsey's Global Economics Intelligence (GEI) provides macroeconomic data and analysis of the world economy². Each monthly release includes an executive summary on global critical trends and risks, as well as focused insights on the latest national and regional developments².


In summary, McKinsey & Company is a leading global management consulting firm that partners with organizations across the globe to help them achieve their goals and navigate the complexities of today's business landscape¹.


Source: Conversation with Bing, 5/17/2024

(1) About Us | McKinsey & Company. https://www.mckinsey.com/about-us/overview.

(2) Global Economics Intelligence executive summary, January 2024. https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/global-economics-intelligence-executive-summary-january-2024.

(3) McKinsey 2021 business articles: The year in review - McKinsey & Company. https://www.mckinsey.com/featured-insights/2021-year-in-review.

(4) Getty Images. https://www.gettyimages.com/detail/news-photo/this-photograph-taken-on-april-12-shows-a-sign-of-us-based-news-photo/1239940060.



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This genioux Fact post is classified as Nugget Knowledge which means: Ultra-concentrated wisdom, easily remembered and applicable to your daily life.



Type: Nugget Knowledge, Free Speech



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REFERENCES



genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2392, Fernando Machuca and CopilotMay 17, 2024, Genioux.com Corporation.



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