{ "docId": "019dd923-5ca1-7489-b638-8d31fa857bad", "docSlug": "01d275675630cbbe", "documentTitle": "How nine digital frontrunners can lead on AI in Europe", "authorId": "McKinsey", "authorName": "McKinsey", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.445, "pageNumber": 5, "pageCount": 66, "prevPage": 4, "nextPage": 6, "slideType": "executive_summary", "function": "summarize", "density": "dense", "nDataPoints": 0, "notes": "The slide serves as an introduction/executive summary for a report on AI in Europe.", "elementsJson": [ "headline_text", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b638-8d31fa857bad/5", "deckHref": "/decks/019dd923-5ca1-7489-b638-8d31fa857bad", "deckJsonHref": "/decks/019dd923-5ca1-7489-b638-8d31fa857bad.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b638-8d31fa857bad#slide-5", "components": [ { "bbox": { "h": 0.5, "w": 0.35, "x": 0.55, "y": 0.18 }, "kind": "paragraph", "text": "This report is divided into five chapters. The first explores the essence of AI, explaining what the technology is and how is can be used in a variety of settings. Chapter 2 describes the race to develop AI around the globe, highlighting key clusters and setting out the current state of play in Europe, including in the DF9. Chapter 3 focuses on the economic opportunity, which is significantly greater than that of early robotics and web technologies. We expect to see GDP uplifts in all economies, with AI becoming the key driver of economic growth in some. In Chapter 4 we disaggregate AI’s potential into individual sectors and highlight key verticals that may see the biggest impacts, namely healthcare, sustainable activities, and the public sector. We believe special efforts should be made to ensure SMEs reap the benefits. Finally, in Chapter 5 we set out some ideas for focus areas going forward. The future role of AI remains uncertain, but all the signs are that it will play a significant role in numerous aspects of our lives.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "862d8668-2e4b-4555-9e1e-2878bf6b1489", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.7, "w": 0.35, "x": 0.1, "y": 0.18 }, "kind": "paragraph", "text": "Artificial intelligence (AI) is a game-changing technology that has the potential to impact almost every sphere of human activity. The technology’s power arises from its ability to process huge data sets quickly, enabling it to mimic aspects of human intelligence, including perception, learning, reasoning, planning, and decision making. Around the world, researchers are working on thousands of applications for AI, ranging from innovations in marketing to breakthroughs in agriculture, transport, and healthcare. Much of the activity is located in tech clusters, in particular in the US and China. Europe is also seeing rising levels of AI engagement, but not on the same scale. The onus is now on European companies and policy makers to put in place the frameworks to ensure that the continent keeps pace and realizes AI’s potential. Amid a dynamic development landscape, it is incumbent on Europe to pick up momentum in AI investment, policy, and experimentation. The key will be to grasp the many facets of the technology – from its commercial potential to its impact on labor markets – and to formulate a strategic response that serves the best interests of business, the public sector, and the public at large. If Europe is to make the most of AI, it must find a way to leverage skills from across the continent. One potential source of leadership is the continent’s nine digital frontrunners, namely Belgium, Denmark, Estonia, Finland, Ireland, Luxembourg, the Netherlands, Norway, and Sweden. These “DF9” are ahead on AI infrastructure and policy environment and have the potential, given the right conditions, to become Europe's AI locus, driving adoption and maximizing the technology's impact.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ffadc0a6-ecb9-4813-a373-fbac3e64272a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.1, "x": 0.8, "y": 0.95 }, "kind": "source-note", "text": "Chapter 1 – Introduction to AI 5", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1eb9ec94-8f94-4961-a80a-e6ba7d035bee", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.4, "x": 0.1, "y": 0.95 }, "kind": "source-note", "text": "Source: Gareth et. al.: An Introduction to Statistical Learning, 2019; Trevor et. al.: The Elements of Statistical Learning, 2019", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9f898062-722b-4be4-a417-6b65249c30fd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.15, "x": 0.05, "y": 0.1 }, "kind": "title", "text": "At a glance", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bbe93c51-d90a-47f5-aec5-d222a54bc65a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "bb7355d6-d47c-4b1e-9a91-8654f683a0a9", "evidence": "This slide provides an executive summary.", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 7, "from": 4, "beatId": "1eee11f7-ac5d-4bb8-b7f2-1aea68f04794", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "What is AI", "beatSlug": "sparkline-what-is-1", "evidence": "The document starts by defining AI and providing an overview of the current state of AI", "position": 0, "confidence": 0.8, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "loops": [ { "to": 20, "from": 4, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "e7fed04a-464b-4a94-9e13-0ff55e265f76", "evidence": "The document uses the golden circle framework to discuss the why, what, and how of AI for the DF9", "position": 0, "objective": "Why AI is important for the DF9", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.8, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }