AI-Driven Cost Reduction

CFOs must love AI.

Following last week’s post, AI in Retail, this visual shows how AI can cut costs across business functions. 

McKinsey found more than 80% of IT professionals in manufacturing, service operations, HR, marketing and sales worldwide say AI use led to cost reductions.

They also attributed cost decreases of at least 20% (!) to AI use in:

  • Service operations
  • Risk
  • HR

As inflation squeezes profits, expect more companies in retail and other sectors to embrace AI to control costs.

How does your company use AI?


Related:
AI in Retail
Profitability Pressures

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