Building the Enterprise of the Future

[Monty2026: The Agentic Enterprise] Pam Maynard (Chief AI Transformation Officer, Microsoft) and John Chambers (Founder & CEO, JC2 Ventures) discuss enterprise AI adoption with Lari Hämäläinen (Senior Partner, McKinsey & Company) Hämäläinen opens with a provocative briefing: despite explosive model improvement, 95% of enterprises report no measurable P&L impact from AI, and initiative cancellations more than doubled in 2025. He argues this changed by late 2025, when developer productivity flipped from a 20% real-world decline to a 20% gain as new model generations crossed a five-hour automation threshold. Chambers adds that the internet raised U.S. productivity 1.4% over a decade, while Q4 2025 productivity hit 2.7%. He believes AI can push that to 5% or more.