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Key facts

Almost every large business has embarked on some type of digital and AI transformation. Organizations invested more than $1 trillion in technology trends in 2022, reflecting a strong faith in their value potential. Nascent technologies, such as quantum computing, continue to evolve. McKinsey analysis shows that four industries—automotive, chemicals, financial services, and life sciences—could gain up to $1.3 trillion in value by 2035 through the use of quantum.⁷ Digital and AI transformation is a team sport requiring leaders who are fluent in tech. Currently, 67 percent of companies in the bottom decile of digital maturity have no more than two digitally savvy people in leadership roles, while 47 percent of those in the top decile have seven or more.

Automotive, chemicals, financial services, and life sciences could gain up to

$1.3 trillion 

in value by 2035 through the use of quantum

Implications

Companies should not only be focusing on how to integrate a specific technology, such as gen AI or quantum. Instead, they should concentrate on building the broad set of capabilities—strategy, talent, agile operations, technology, data, and adoption and scaling—that can harness new technologies, scale them, and ensure they create value. Those capabilities should combine to power an operating model that allows for rapid iteration and progress toward a clear and well-articulated goal grounded in value (see Idea #9 for more). 

⁷

“Quantum technology sees record investments, progress on talent gap,” McKinsey, April 24, 2023.

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⁷

“Quantum technology sees record investments, progress on talent gap,” McKinsey, April 24, 2023.

Companies should not only be focusing on how to integrate a specific technology, such as gen AI or quantum. Instead, they should concentrate on building the broad set of capabilities—strategy, talent, agile operations, technology, data, and adoption and scaling—that can harness new technologies, scale them, and ensure they create value. Those capabilities should combine to power an operating model that allows for rapid iteration and progress toward a clear and well-articulated goal grounded in value (see Idea #9 for more). 

Implications

in value by 2035 through the use of quantum

$1.3 trillion 

Automotive, chemicals, financial services, and life sciences could gain up to

Almost every large business has embarked on some type of digital and AI transformation. Organizations invested more than $1 trillion in technology trends in 2022, reflecting a strong faith in their value potential. Nascent technologies, such as quantum computing, continue to evolve. McKinsey analysis shows that four industries—automotive, chemicals, financial services, and life sciences—could gain up to $1.3 trillion in value by 2035 through the use of quantum.⁷ Digital and AI transformation is a team sport requiring leaders who are fluent in tech. Currently, 67 percent of companies in the bottom decile of digital maturity have no more than two digitally savvy people in leadership roles, while 47 percent of those in the top decile have seven or more.

Key facts