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4 min read

The AI adoption paradox: can cautious adoption reap maximal benefits?

By Joanna Crown on Jun 10, 2021 4:06:16 PM

In the race to adopt AI, there is a flurry of activity happening in boardrooms and technical teams across the country. AI, which even a few years ago seemed to be the preserve of a vanguard of highly innovative companies, has suddenly become a prerequisite for organisations in every sector. Perhaps the stern warning from McKinsey’s 2019 report is ringing in their ears, that “Front-runners [...] could increase economic value by about 120 per cent by 2030” whereas “Laggards, who adopt AI late or not at all, could lose about 20 per cent of cash flow”.

It appears easy, then, to stay ahead of the curve and reap the financial benefits you need to adopt AI. Yet, according to MITSloan 2020 AI Global Executive Study, it’s not quite that simple, and only 10% of companies are obtaining significant financial benefits from AI technologies. 

So, why is that the case?

Topics: 3 Pillars Ethical AI Human • AI Collaboration Decision Intelligence
2 min read

AI in Life Sciences: from faster faster drug development to more personalised medicine

By Mind Foundry on Jun 11, 2019 1:55:37 PM

When we consider the role of artificial intelligence in life sciences, it already has a proven track record as an effective tool to support pharmaceutical research. However, companies are also moving fast to explore the transformational impact it can have on their commercial operations, such as sales and marketing.

Topics: life sciences 3 Pillars Important Problems Decision Intelligence

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