What is Artificial Intelligence and what

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Leading innovators are developing operating models that reflect these and other practices, including investing heavily in research and digital tools based on artificial intelligence, web platforms, and knowledge management. Overall, they are well prepared to handle disruption.

The introduction of advanced technologies plays a key role in the survival of a company in today's economic realities. According to McKinsey & Co, 78% of respondents noted that in order to maintain economic viability by 2025, their current business model must change partially or completely. At the same time, they are focused on introducing new practices, rather than improving old ones.

unique solutions does it offer to improve productivity and efficiency in the construction industry?

The more actions, the better the result
Innovation has long been a source of growth and competitive advantage for phone number in turkey companies that know how to apply it well. The best innovators win not only by recognizing new opportunities faster and coming up with ideas that meet emerging needs. They also develop and scale them faster, outpacing their competitors. This applies both to bringing a new product to market and to creating a new operating model.

In June 2022, McKinsey & Co found that leading innovative companies are three times more likely than others to encourage experimental ideas from their employees. Generative AI could rapidly accelerate this growth in capabilities and further widen the gap between leading companies and their laggard peers.

The Need for an Innovative Operating Model
As mentioned earlier, these market leaders are already redesigning their operating models to work with AI to drive company growth.

Research from McKinsey & Co shows that experimentation and the drive to evolve ideas, businesses, and technologies are paramount to success in creating new sources of growth. These same factors are key to capitalizing on generative AI technology. What are the benefits?

Examples include reorganizing functional units into integrated, cross-functional teams that are fully immersed in the product, making product management skills a core competency in the organization, or reallocating talent and resources to where they are most effective.

Now let's look at how AI technologies can help businesses scale. Generative AI can accelerate an organization's growth strategy in two ways .

The first is based on its ability to quickly read and process huge amounts of information of a certain type and synthesize new results from them. Simply put, it can answer questions incredibly quickly. The quality of the answers depends on both the quality of the question and the access to the data on which the answer is based.