A
What happened
According to BCG's latest research, only 5% of companies are classified as 'future-built,' successfully leveraging AI to achieve significant revenue increases and cost reductions. These firms enjoy five times the revenue growth and three times the cost savings compared to others. In stark contrast, 60% of companies report minimal value from their AI investments. Future-built companies are characterized by their early adoption of AI and their commitment to reinvesting returns into technology and talent. They plan to increase IT spending significantly, particularly on AI, to further enhance their capabilities. The report emphasizes that the playbook for achieving AI maturity is accessible to all companies, encouraging them to adopt strategies that can lead to substantial value creation. As the gap between future-built firms and laggards widens, the urgency for companies to act is underscored.
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Key insights
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1
Future-Built Companies
Only 5% of firms are effectively leveraging AI for significant value.
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2
Value Gap
60% of companies see minimal returns on AI investments.
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3
Investment in AI
Future-built firms plan to increase IT spending significantly.
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4
AI Playbook
A clear roadmap exists for companies to enhance AI maturity.
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5
Urgency to Act
The widening value gap necessitates immediate action from lagging firms.
Takeaways
Companies must act swiftly to leverage AI effectively and close the growing value gap.