New report from MIT and BCG shows why forward-thinking CFOs will be using AI to improve—and create better—KPIs [Fortune]
GameStop Corporation (GME)
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Source: Fortune
Good morning. Is your business operating with decades-old KPIs? You may want to consider an AI reboot. A new report co-published by MIT and Boston Consulting Group (BCG) on enhancing key performance indicators with AI, focuses on a broad array of case studies and surveys on how AI-based machine learning and predictive analytics are super-powering KPIs. “What we're saying is, you've invested hundreds of millions of dollars in building data capabilities, technology capabilities, AI algorithms, measurement capabilities—you can direct some of these investments and some of these capabilities to not just improving KPIs, but to redefining them,” Shervin Khodabandeh, a managing director and senior partner at BCG and coauthor of the report, told me. The report's findings are based on a global survey of more than 3,000 respondents representing more than 25 industries and 100 countries. Perhaps surprisingly, only 34% of the organizations surveyed have used AI to revaluate KPIs, but 90% of
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