Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Erik Roth

The AI resource reallocation challenge: How can companies capture the value of time?

roth (Credit: courtesy of McKinsey)

Artificial intelligence (AI) is taking over routine tasks, boosting productivity, and allowing employees to focus on more interesting and strategic projects. And that is just the start: The McKinsey Global Institute (MGI) estimates that in the next five years, 57% of U.S. work hours could be automated with existing technology. 

That is the “AI time dividend”—in theory. In practice, it has proved difficult to cash it in. One factor is that AI adoption is highly uneven. Some people are not using any AI tools; others are using them to save double‑digit hours a week. A second factor is that AI’s potential is not being fully realized. A recent survey of CEOs and senior executives found that while AI saved an average of 5.7 hours per employee per week, only 1.7 of those hours were redirected to work that improved business outcomes. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.