The data dividend: Fueling generative AI
Data leaders should consider seven actions to enable companies to scale their generative AI ambitions.
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Today’s chief data officers (CDOs) face a serious and immediate challenge. Generative AI may create economic benefits that amount to as much as $4.4 trillion. But to optimize generative AI’s value in its various applications, a company’s data needs to be high quality and grounded. Over half of major companies name data management as one of their chief obstacles to scaling up their use of generative AI. This McKinsey report provides actionable guidelines that will help CDOs enact the changes necessary for their company to maximize generative AI’s benefits.
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About the Authors
Joe Caserta is a partner in McKinsey’s New York office, where Kayvaun Rowshankish is a senior partner. Holger Harreis is a senior partner in the Düsseldorf office, where Asin Tavakoli is a partner. Nikhil Srinidhi is an associate partner in the Berlin office.
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