Using AI to help you carry out tasks better and faster can fuel new growth in your organization.
July 03, 2024
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AI offers many ways to enhance a company’s overall internal capabilities and skills. AI can be used to infer skills from employee profiles and their activity. AI can be used to classify learning content and make it more applicable and accessible for the whole workforce, as well as making learning more personalized to each individual. AI can be used to summarize, recommend, and augment learning content. GenAI, in particular, can be used by the world’s billion knowledge workers to boost performance, right in the flow of work. Research shows that GenAI can get knowledge work done 25% faster and 40% better. This article covers several ways that corporations, teams, and individuals can drive internal growth by enhancing organizational capabilities. Early signs are that double-digit growth via GenAI is eminently possible.
Most growth models and strategies — such as the Ansoff Matrix and McKinsey’s 7S Framework — are focused on external expansion: Grow by launching new products, by entering new markets, and by doing both at once. Yet growth can also come from within, by developing internal capability.