We’ve all heard lots about cloud technology, but, according to new McKinsey research, only 20 to 30 percent of industries are using it regularly and at scale. On today’s episode of The McKinsey Podcast, McKinsey senior partners Mark Gu and James Kaplan share findings from the report, “In search of cloud value: Can generative AI transform cloud ROI?” They talk about why cloud technology is essential in business, what’s holding companies back from getting the most value from their cloud programs, and the steps they can take to improve their cloud capabilities. But first—did you realize that six words are fundamental to your company’s success? Scott Keller, McKinsey senior partner and author of CEO Excellence, tells us more.

Theme music was composed, produced, and performed by Joy Ngiaw.