New AI Adoption Reserach
AI Adoption from McKinsey Research
Here are the key takeaways from the report:
AI Adoption Surges
AI adoption by organizations has jumped to 72% in early 2024, up from around 50% in previous years.
Over two-thirds of respondents in nearly every region report their organizations using AI.
Half of respondents say their organizations have adopted AI in two or more business functions, up from less than a third in 2023.
Generative AI Adoption Accelerates
65% of respondents say their organizations regularly use generative AI in at least one business function, up from one-third in 2023.
The most common functions for generative AI use are marketing/sales (34%), product/service development (23%), and IT (17%).
Personal use of generative AI tools has also increased significantly compared to 2023, especially among senior executives.
Benefits and Challenges Emerge
Organizations are already seeing cost decreases and revenue gains in business units deploying generative AI.
However, 44% of respondents say their organizations have experienced negative consequences, most often related to inaccuracy (23%), cybersecurity (16%), and explainability (12%).
Inaccuracy is the risk organizations are most actively working to mitigate for generative AI use.
Full report here: https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai
Additional demographic research was provided by BrandRank.ai. https://www.linkedin.com/pulse/research-alert-young-consumers-dominate-ai-brands-ready-zgrwc/
Can AI do that? Instead of searching for another AI tool to do the task, ask the current AI tool you are already using if it can do that task.
I had two conversations this week, where both individuals were using over 12 AI tools when 10 of the tools could be done within ChatGPT, CoPilot or Claude and others like it. Look at your current technology stack before adding another AI tools. The current tools might have AI built in and you don’t need another tool or the current AI tools can do that task at hand.
Thank you Kyle Shaner at the University of Cincinnati for the wonderful write-up of our CincyAI community. We are grateful for our partnership with UC and the AI community. So many heart centered people are involved in making sure we lift all ships! https://www.uc.edu/news/articles/2024/06/community-of-ai-enthusiasts-expands-in-cincinnati.html
Greater Cincinnati AI Events for 2024 (over 50 events)
New events are added weekly. Here are the events that I am aware of: https://kendraramirez.com/cincinnati-ai-events-2024/
SOLD OUT June 11, 12, and 13 Cincy AI Week Details are being added daily at https://cincyaiweek.com/.
Sign up now for July 9 from 3-5 for our CincyAI meetup. Come see why we sell out every month with over 150 attendees. Half of the room is AI developers and half the room is the business community navigating AI. Thank you to UC Research and Digital Futures for your partnership. https://www.eventbrite.com/e/cincinnati-ai-for-humans-cincyai-tickets-884883298767?aff=oddtdtcreator
July 11 BizAccessHub Bootcamp for Navigating AI is a hands-on AI conference for small businesses at NKU. Our non technical approach will put your mind at ease. Bring your laptop. Register today and save! Jennifer Panepinto, Dawn Parks, Whitney Barkley, Greg Goshorn, Helen Todd, myself, and a few other coaches will guide your experience throughout the day. https://www.nku.edu/academics/cob/Outreach-and-Engagement/BizAccessHubAIBootcamp.html
July 16-19 Black Tech Week is another can’t miss event in our community. The conference's mission is to connect entrepreneurs and technologists to game changing resources, knowledge, investors, and most importantly - one another. Speaker line up coming soon. From the 2023 conference, so you can see the see the typical flow of the conference. https://www.cincinnati.com/story/news/2023/07/18/what-is-black-tech-week-issa-rae-moviepass/70423565007/
Register here: https://www.blacktechweek.com/
September 4-6 Midwest Con! Join hundreds of builders in the Midwest for a week of hacking emerging tech solutions, insightful workshops, networking, and a Demo Day. If you have never hacked before or are not technical, no worries! We have beginner tracks for AI and blockchain. Snag your tickets now before it is sold out. The first 100 tickets gain early workshops with hands-on AI training for Microsoft Co-Pilot.
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Kendra Ramirez
KendraRamirez.com