Chart of the week: Where media could benefit from AI
According to McKinsey Analytics, within the media sector, AI is expected to add the most value to the marketing and sales side of the industry, adding a projected 300 billion in value to that area alone. The strategy and corporate finance subset of the media sector are expected to gross US$99 billion in added value from AI in the coming years.
Many of the areas within the media industry that are projected to gain the most value from AI, such as the marketing and corporate finance, will be expanding into traditional AI, which includes machine learning and statistical techniques, such as regression analysis.
Areas where the potential added value of AI is currently smaller, like workforce productivity and fraud analytics arena, are projected to gain most of their value from advanced techniques being developed.
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Chart by Statista
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