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  "documentTitle": "2024 Reinvention in the Age of Generative AI Executive Summary",
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      "text": "Generative AI is predicted to enable companies to leapfrog today’s leaders over the next five years.",
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      "text": "3M hours saved: A government agency responsibly used the latest technology to deliver automations at speed and scale, saving three million operational hours, while helping a workforce of nearly 90,000 people better serve more than 20 million citizens.",
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      "text": "16M customer offerings: A bank delivered 16 million hyper-personalized offerings to customers within three months of building a generative AI-powered marketing solution.",
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      "text": "+10% revenues: An insurer reinvented the entire workflow of underwriting — from automatically routing emails to creating insurance quotes based on policyholders’ specific needs — with early results indicating that a revenue increase of up to 10% is possible.",
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      "text": "operational hours: 3M",
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      "text": "Generative AI is predicted to enable companies to leapfrog today’s leaders over the next five years. Among Transformers, a small, highly motivated group of \"Accelerated Transformers\" plans to apply generative AI twice as intensively as today’s Reinventors. This means that they plan to use generative AI to reinvent more of their functions and business areas across the enterprise. These companies are projected to derive a much more significant performance impact from their deployment. In fact, these future Reinventors are on a path to catch up and even overtake the revenue growth rate of today’s Reinventors within the next five years (see Figure 3). Most executives grasp the scale of the opportunity this presents; however only 15% see generative AI as a threat. This asymmetry is concerning. Organizations need to be ready to capture the generative AI opportunity but not underestimate how this technology will upend their industry and competitive advantage.",
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