Companies are looking to artificial intelligence to create business value, and as MIT Sloan Management Review's 2018 Global Executive Study and Research Report on AI shows, Pioneer organizations are pulling ahead of their counterparts. By deepening their commitment to AI and focusing on revenue-generating applications over cost savings, these early implementers are positioning themselves to reap the benefits of AI at scale.

Despite the increase in AI-enabled applications, significant adoption of AI in business remains low: According to a survey by the Boston Consulting Group, only 1 in 20 companies has extensively incorporated AI. Nevertheless, every industry includes companies that are ahead of the pack. The authors-all senior BCG consultants-present a wide variety of uses, from marketing to operations to support functions, that demonstrate just how effective AI can be in creating value.

Disruption from artificial intelligence (AI) is here, but many company leaders aren't sure what to expect from AI or how it fits into their business model. Yet with change coming at breakneck speed, the time to identify your company's AI strategy is now. MIT Sloan Management Review has partnered with The Boston Consulting Group to provide baseline information on the strategies used by companies leading in AI, the prospects for its growth, and the steps executives need to take to develop a strategy for their business.