If 2023 was considered the year when artificial intelligence technology became known to the general public, 2024 is a milestone for its practical integration into the daily operation of businesses, according to the study "State of AI in early 2024: Gen AI adoption spikes and starts to generate value" by Quantum Black AI, McKinsey.

More specifically, in just 10 months, the adoption of artificial intelligence (gen AI) has reportedly doubled, with businesses that trusted it already recording improved financial figures. However, about 9 out of 10 projects that start in the field of Artificial Intelligence do not proceed with full implementation. A fact that demonstrates the complexity of adopting such systems on a wide scale.

Greek businesses still have a long way to go, despite the remarkable progress they have made. As McKinsey executives pointed out yesterday, Greece is far behind the international average in terms of the adoption of artificial intelligence, but it can reap great benefits by exploiting the high level of talent and research.

Christoforos Anagnostopoulos, partner of McKinsey and head of Quantum Black, which is McKinsey's specialized department for AI, stated, "the moment is very critical for Greece and Greek businesses." Businesses, he said, need to act immediately and take advantage of the "explosion" of artificial intelligence at a time when the use of gen AI tools by businesses is recording a vertical increase, at a global level.