AI one of the biggest opportunities ahead

AI Geopolitics and artificial intelligence are the two biggest themes among clients of consulting firms, according to Asutosh Padhi, global leader of firm strategy at McKinsey & Company.

But despite the hype around AI, what remains to be seen in early adopters is tangible on-ground impact, which “is still a work in progress”, Padhi told ET in an exclusive interview. “With AI, companies are still in the very early stages of adoption. Maybe 10% of companies are starting to show signs of AI impacting the P&L. I’ve heard CEOs say, ‘We see AI everywhere—except in the bottom line’. That sums up where most businesses are today,” he said.