Loading...

AI-Driven Cost Savings by Business Function

This chart shows the share of companies that reported cost reductions attributable to AI use across different business functions as of 2024.

About: AI-Driven Cost Savings by Business Function

Overview of the data behind this chart
This chart shows the share of companies that reported cost reductions attributable to AI use across different business functions as of 2024.

AI Insight

Service operations leads in AI-driven cost savings, with 49% of companies reporting reductions - a logical outcome given AI's ability to automate repetitive customer service and support tasks. Supply chain and inventory (43%) and software engineering (41%) follow, reflecting the efficiency gains from AI-assisted logistics optimization and code generation. These figures suggest that AI's cost impact is most pronounced in functions with high transaction volumes and repetitive workflows. While the majority of savings are reportedly under 5%, even marginal gains at scale represent significant value for large organizations, and adoption momentum suggests these figures are likely to increase as AI tooling matures.

Data source:  McKinsey & Company

Key Findings

Auto-computed highlights from this dataset
🏆
Service Operations leads with 49 in 2024.
📊
Average value in 2024: 44  ·  median: 43.
↔️
Gap in 2024: Service Operations is 1.2× larger than Software Engineering.

Chart Controls Customize your visualization

Bar
H-bar
Line
Area
Table

AI-Driven Cost Savings by Business Function

Loading...

Data Insights

Numbers, trends & sources behind this chart
Admin
Data Points
3
3 categories  ·  1 year
Top Value
49
Service Operations
Share of Companies Reporting Cost Decrease (%) · 2024
Metrics
1
Share of Companies Reporting Cost Decrease (%)
Period
2024
Single year snapshot

Category Rankings

Share of Companies Reporting Cost Decrease (%) · 2024
# Category 2024
🥇 Service Operations 49
🥈 Supply Chain and Inventory 43
🥉 Software Engineering 41
Statistical Summary — Share of Companies Reporting Cost Decrease (%) · 2024
49
Maximum
41
Minimum
44
Average
43
Median

What This Data Shows

Auto-generated trend summaries per category
Service Operations
Recorded 49 Share of Companies Reporting Cost Decrease (%) in 2024.
Supply Chain and Inventory
Recorded 43 Share of Companies Reporting Cost Decrease (%) in 2024.
Software Engineering
Recorded 41 Share of Companies Reporting Cost Decrease (%) in 2024.

Full Data Table

3 records across 1 year
3 sourced
Category Metric 2024 Source
Service Operations Share of Companies Reporting Cost Decrease (%) 49
Supply Chain and Inventory Share of Companies Reporting Cost Decrease (%) 43
Software Engineering Share of Companies Reporting Cost Decrease (%) 41

Data Sources & References

All external sources cited in this dataset

Related Charts

AI-Driven Revenue Increase by Business Function Related Chart

Bar
H-bar
Line
Area
Table
Loading...

Generative AI Adoption by Business Function Related Chart

Bar
H-bar
Line
Area
Table
Loading...

Youth Literacy Rate and 50-Year Progress by Region and Sex (2016) Related Chart

Bar
H-bar
Line
Area
Table
Loading...

🎨 Create Your Own Charts!

Transform your data into beautiful, interactive visualizations. No account required - start creating stunning charts in seconds!

Create Chart Now