Francesco Morini’s Post

Just read McKinsey's insightful piece on "Driving Innovation with Generative AI"—a must-read for those navigating the future of tech-driven business. The article perfectly captures how top innovators leverage agile practices, proprietary data, and automated workflows to unlock AI's full potential. This approach isn't just about experimenting with new tools; it's about strategically embedding AI into the core of operations to drive real, scalable value. As we move forward, mastering these capabilities will be crucial for any organization looking to stay ahead in the innovation game. #Innovation #AI #DigitalTransformation #Leadership #Agile https://lnkd.in/dPQRr8Qj

This article by McKinsey & Company explores the immense potential of generative AI to drive innovation across industries. Generative AI can create entirely new products and services, automate tasks, and optimize processes. But simply adopting generative AI isn't enough. Companies need to foster a culture of innovation to fully leverage its capabilities. The article highlights five key elements that differentiate high-performing companies from the rest: 1. Asking the Right Questions: Successful companies use generative AI to answer critical questions that can lead to breakthroughs. 2. Discernment is Key: Not all AI-generated ideas are good. It's crucial to evaluate outputs and identify the most promising ones. 3. Data is King: Building a strong foundation of proprietary data is essential for effective generative AI implementation. 4. Embrace Agility: The ability to learn quickly, adapt to new findings, and change course is vital. 5. Automate for Efficiency: Streamlining workflows to minimize human intervention allows generative AI to function at its peak. By following these principles, companies can unlock the true potential of generative AI and propel themselves to the forefront of innovation. #GenerativeAI #Innovation #AI

5 key elements of driving innovation with generative AI! To drive innovation with generative AI, businesses must know the problems they need to solve and how to use gen AI to address those questions. Challenging product development assertions and viewing them as assumptions is also key. Additionally, continuing to build proprietary data, learning and changing course quickly, and developing and refining "no touch" workflows are all crucial steps. #innovation #generativeAI #cxstrategy #customerexperience

Avoiding the pitfall of GIGO with AI I was struck by the reference to hallucinated data when working with generative AI in this article from McKinsey. #GenAI can be a very powerful tool but it is essential to ask the right questions, understand the problem that you want to solve – and always maintain scepticism about the answers to avoid garbage-in, garbage-out. Laura LaBerge notes that the best innovators use cross-functional teams with broad perspectives to spot the things that don’t make sense. I should add that Copilot refused to comment on this article as it is external content!

Driving innovation with generative AI

💡 Generative AI: From Discovery to Real Value Creation 🚀 If 2023 was the year the world discovered generative AI (gen AI), 2024 is shaping up to be the year businesses unlock its true potential! 🌍✨ I just read the latest QuantumBlack, AI by McKinsey Global Survey on AI and found it incredibly insightful. The report highlights the dramatic rise in generative AI adoption, with 65% of organizations now regularly using gen AI, nearly double the figure from just ten months ago. 📊 🔍 Key Insights from the Report: ✅ Widespread Adoption: AI adoption has surged to 72% globally, with professional services leading the charge. ✅ Tangible Business Value: Organizations using gen AI are reporting cost reductions and revenue growth in the business units deploying this technology. ✅ Disruption on the Horizon: 75% of respondents predict gen AI will drive significant or disruptive changes across industries in the years ahead. ✅ Addressing Risks: High-performing organizations are already implementing strategies to mitigate risks like inaccuracy while capturing maximum value from gen AI. This report underscores how gen AI is no longer just a buzzword; it’s a transformative force driving measurable outcomes across industries and geographies. Organizations are turning potential into practice, harnessing AI to redefine the way we work, innovate, and grow. 🔗 Hats off to the brilliant team at McKinsey & Company, including Alex Singla, Alexander Sukharevsky, Lareina Yee, Michael Chui, and Bryce Hall from QuantumBlack, AI by McKinsey and McKinsey Digital, for shedding light on this pivotal moment in AI's evolution. 📖 Read the full report for a deep dive into how AI is shaping the global business landscape. Let’s discuss: How is your organization leveraging generative AI for impact? #GenerativeAI #AIInnovation #ArtificialIntelligence #DigitalTransformation #McKinsey #QuantumBlack #AIAdoption #FutureOfWork #BusinessGrowth #AITrends

Driving innovation with generative AI

Unlock Generative AI’s Hidden ROI: A Must-Read Guide “Wondering how to measure generative AI’s impact? Discover effective strategies to quantify returns, maximize investments, and get ahead. See how top companies are setting the bar high in AI ROI measurement.” #GenerativeAI #AITrends #ROI #TechInsights #AIInvestment #FutureOfWork #DigitalTransformation #BusinessStrategy click here to access the full guide and transform your AI journey!

Generative AI is no longer just a buzzword. It's become the hottest topic in business for a reason: its potential to drive significant innovation. This McKinsey article highlights that companies with a strong innovation culture are best positioned to leverage generative AI to automate tasks, drive product development, and personalize customer experiences. The next step is ensuring that these new products and services are protected IP. IP Assist (https://lnkd.in/g9CtAn_7) from InspireIP can help your business navigate the patent pipeline so that your investments in AI reap sustainable revenue. Contact us to discover how the right technology can help take your business to the next level. #InspireIP #Innovation #IP #Patent https://lnkd.in/g8wcAJYA

Title: Unlocking AI's Potential: The Crucial Role of Product-Market Fit 🔓 As an AI industry expert, the article "Betting on AI? You must first consider product-market fit" from VentureBeat resonates deeply with the challenges and opportunities we face in harnessing the power of artificial intelligence. 🤖 The article astutely points out that despite the hype and promise surrounding AI, many investments struggle to generate consistent revenue. This underscores a fundamental truth: not all AI projects are viable, and the path to success lies in achieving product-market fit. 📈 Generative AI, in particular, has garnered significant attention, but its implementation in enterprises has proven more complex than anticipated. The overvaluation of AI startups has further contributed to waning consumer interest, highlighting the need for a more grounded approach. 💡 At the core of creating value in AI lies the foundational principle of product-market fit. Whether in AI or non-AI domains, understanding the demand being addressed and leveraging the right tools is paramount. As AI integrates into various products, from toothbrushes to computer mice, we must ensure that these integrations offer genuine utility and avoid detrimental effects. 🦷🖱️ The article also touches on the "alignment problem" – the misconception that AI's human-like capabilities inherently align with user needs. To overcome this, we must clearly articulate goals, define requirements, and rigorously test solutions to ensure alignment with real-world problems and the creation of substantial value. 🎯 As leaders and technologists in the AI industry, our success hinges on understanding the problem, defining product success, selecting appropriate technology, and validating solutions through rigorous testing. Only by crafting technologies that genuinely address customer demands can we emerge as leaders in the AI era. 🌟 I invite my fellow professionals to share their experiences and insights on achieving product-market fit in AI projects. Let's engage in meaningful discussions and collectively navigate the challenges and opportunities that lie ahead. 🤝 #AI #ProductMarketFit #IndustryInsights #LeadershipInAI #CollaborateAndInnovate