Remove 2004 Remove Compliance Remove Finance Remove McKinsey
article thumbnail

How Companies Are Already Using AI

Harvard Business Review

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. For example, only 2% are using artificial intelligence to monitor internal legal compliance, and only 3% to detect procurement fraud (e.g., “Machine-to-machine” transactions are the low-hanging fruit of AI, not people-displacement.

Company 11