Companies That Embraced AI Are Seeing Higher Profits

Published on 13 Jan 2019, 1:16
AI's ability to improve the efficiency and effectiveness of a company's supply chain and logistics is creating an advantage for early adopters of the technology by cutting shipping times and costs. Business Insider reports that a study on AI adoption conducted by McKinsey found that early adopters saw profit margins greater than 5%. However, respondents that had not adopted AI were in the red. The primary obstacle to integrating AI into supply chain solutions appears to be the need for capital investments and organizational restructuring.

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