As AI capabilities continue to advance, more sophisticated applications are anticipated, such as real-time quality monitoring ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. According to a 2022 McKinsey study, the mining industry is not keeping up with other ...

The demand for AI in manufacturing stems from a perfect storm of challenges: increasing product complexity, the pressure for ...

Operational excellence is pivotal for organizations aiming to deliver products or services precisely when customers desire them, at minimal cost, with minimal effort, and at a price point that ...

McKinsey has recently cited three areas that have the potential to deliver outsized returns for agribusinesses looking to implement AI. These are R&D, Sales and Marketing and Operational Excellence.

Consultants Thomas Peters and Robert Waterman Jr., authors of the management bestseller "In Search of Excellence," conceived of the McKinsey 7-S Model at consulting firm McKinsey & Co. in the late ...