Service operations and manufacturing benefit the most from the adoption of artificial intelligence (AI) technologies in terms of cost reduction, according to a global AI survey. Fifty-four percent of respondents said that service operations functions in their organizations witnessed cost decreases. The lowest cost decrease is expected in strategy and corporate finance.
Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function
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McKinsey & Company. (July 26, 2023). Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function [Graph]. In Statista. Retrieved January 19, 2025, from https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed
McKinsey & Company. "Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function." Chart. July 26, 2023. Statista. Accessed January 19, 2025. https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed
McKinsey & Company. (2023). Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function. Statista. Statista Inc.. Accessed: January 19, 2025. https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed
McKinsey & Company. "Cost Decreases from Adopting Artificial Intelligence (Ai) in Organizations Worldwide as of Fiscal Year 2022, by Function." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed
McKinsey & Company, Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function Statista, https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed (last visited January 19, 2025)
Cost decreases from adopting artificial intelligence (AI) in organizations worldwide as of fiscal year 2022, by function [Graph], McKinsey & Company, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1083516/worldwide-ai-cost-decrease/?__sso_cookie_checker=failed
