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?

AI in Retail
Profitability Pressures

Leave a Reply

Your email address will not be published. Required fields are marked *