The 10-20-70 principle and many more: How CEOs can successfully implement AI strategy

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The 10-20-70 principle and many more: How CEOs can successfully implement AI strategy - e27

Quick Summary:

Boston Consulting Group (BCG) has unveiled its latest AI Radar report, From Potential to Profit: Closing the AI Impact Gap, offering insights into the evolving role of Artificial Intelligence (AI) in business.

Companies that strategically focus their efforts are reaping notable rewards, achieving 2.1 times higher return on investment (ROI) compared to those with less targeted approaches.

Despite growing adoption, 60 per cent of companies have yet to define and monitor financial KPIs for AI initiatives.