AI Adoption: Do the Benefits Outweigh the Challenges?
After a decade of stop-and-go development, Artificial Intelligence has now begun to provide real, tangible value to the business world. McKinsey published an 80-page report titled "Artificial Intelligence: The Next Digital Frontier?" which provides a comprehensive analysis of the value that Artificial Intelligence (AI) creates for businesses.
The report points out that "wide application of Artificial Intelligence technology will bring great returns to businesses." This means that the disruptive nature of AI will continue to become more apparent in the future. Governments, enterprises, and developers should all be clear on this point. Moreover, the report raises some interesting points (all of which we will discuss later in this article):