AI in Wealth Management
MI

McKinsey Global Institute

Research Division

McKinsey & Company

ReportMcKinsey Global Institute·January 20, 2026

The State of AI in 2025: Crossing the Chasm from Pilot to Scale

The One Insight

The gap between AI leaders and laggards is no longer about access to the technology — it is about the organizational muscle to deploy it at scale. That muscle is built through discipline, not enthusiasm.

Executive Summary

  • 65% of organizations are now using AI in at least one business function — up from 33% in 2023 — but only 12% have moved from pilot to scaled deployment
  • Financial services leads all sectors in AI adoption and ROI realization, with early movers reporting 15-20% productivity gains in front-office functions
  • The primary barrier to scale is not technology — it is change management, talent, and data infrastructure
  • Organizations that have scaled AI generate 3.5x more value per AI initiative than those still in pilot phase
  • The report introduces a new concept: 'pilot purgatory' — the organizational trap where 80% of AI initiatives never reach production, burning executive attention and budget

Key Quotes

The organizations winning with AI are not the ones that launched the most pilots. They are the ones that killed the most pilots — quickly — and doubled down on what worked.

On the discipline required to scale AI

Financial services has an AI advantage: rich data, clear ROI metrics, and regulatory pressure that forces rigor. The sector that was once the slowest to adopt is now the fastest to scale.

On financial services AI leadership

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