Artificial Intelligence (AI) is rapidly transforming the business landscape. According to a recent report by McKinsey, AI could potentially deliver an additional $13 trillion to the global economy by 2030, increasing global GDP by about 1.2% annually. This growth is not just about automation but increasingly about augmentation – the use of AI to enhance human intelligence and capabilities rather than replace them. Understanding this distinction is crucial for strategic planning and monetization.
The Current State of AI in Business
Automation vs. Augmentation
Most firms are now focusing on AI for automation, which means utilising AI to execute repetitive activities more effectively. This is mostly owing to the quick cost savings and relative simplicity of introducing automati
The Future of Value Creation in Business Strategy with AI Augmentation
- By Anshika Mathews
- Published on
AI augmentation is the next frontier for company strategy and value development. As the technology evolves and becomes more accessible, organisations who engage in AI augmentation and build the appropriate skills will be well-positioned to seize new possibilities and drive innovation in their particular sectors.
