Corporate America has been enthusiastic about adopting AI for productivity gains, but new data suggests that adoption may be plateauing. Transaction data from Ramp indicates a potential slowdown in AI adoption among businesses, signaling a shift in the trend towards implementing artificial intelligence technology.
AI poised to slash banking costs by 20%, says McKinsey
McKinsey’s report highlights AI’s potential to significantly reduce banking costs while emphasizing the importance of early adoption for competitive advantage.