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AN ARTICLE A DAY, PICKED BY OUR EDITORS

Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

Innovation is the key to growth and resilience and companies that are ahead on new digital technologies like generative AI could help them stay ahead of the curve. But in a rapidly changing world, when and how innovative companies deploy gen AI is what distances them from their competitors. A 2023 McKinsey Global Survey on digital strategy found that the most innovative companies deploy gen AI at more than six times the rate of their competitors. Top innovators also tend to embed digital technologies into their operating models to scale, setting them even farther ahead. How can your company leverage gen AI to create an innovative operating model? To fast track your competitive advantage, check out this article by McKinsey partners Matt Banholzer and Jon McClain, senior partner Ben Fletcher, and coauthor Laura LaBerge. And if you’re interested in learning about the steps CFOs can take to further strengthen their organizations, join McKinsey’s Ankur Agrawal, Christian Grube, and Jonathan Steffensky for an exclusive webcast (must request invite) on Thursday, September 7 at 10:00–11:00 am EDT.

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Companies with innovative cultures have a big edge with generative AI

It may not be surprising that innovative organizations are ahead on generative AI, but the degree to which they’re succeeding at deploying it might be. Five practices help them stay ahead of the pack.

Stay ahead of the pack

Quote of the day

“To consolidate educational gains and build a workforce of thriving BLNA [Black, Latina, and Native American] women technologists, companies need to be more intentional about ensuring that their talent strategies explicitly address employee needs at the intersection of gender and race or ethnicity.”

—Understand the state of BLNA women in the technical workforce in “Empowering Black, Latina, and Native American women in tech”

Chart of the day

A chart titled “Generative AI increases the potential for technical automation most in occupations requiring higher levels of educational attainment.” Click to open the full article on McKinsey.com.

See today's chart

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— Edited by Emily Adeyanju, editor, Charlotte

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