Frank Cordes’ Post

2023 was the year when everyone was testing the waters with #GenAI. Today, what began as experimentation is evolving into comprehensive, company-wide transformations, reshaping how businesses operate and stay competitive. This shift marks one of the most significant technological adoptions in history. Companies that effectively integrate #AI are setting themselves up as industry leaders, while those slow to adapt risk falling behind. At BCG, we're proud to be at the forefront of AI integration, with nearly 20% of our 2024 revenue stemming from AI-related initiatives - one of the fastest and most significant growth areas in our 61-year history. Hear more from our CEO in this conversation with Bloomberg TV: https://lnkd.in/eKzNDipW

2023 was the year when everyone was testing the waters with #GenAI. Today, what began as experimentation is evolving into comprehensive, company-wide transformations, reshaping how businesses operate and stay competitive. This shift marks one of the most significant technological adoptions in history. Companies that effectively integrate #AI are setting themselves up as industry leaders, while those slow to adapt risk falling behind. At BCG, we're proud to be at the forefront of AI integration, with nearly 20% of our 2024 revenue stemming from AI-related initiatives - one of the fastest and most significant growth areas in our 61-year history. Hear more from our CEO in this conversation with Bloomberg TV: https://lnkd.in/eCx_7r-3

2023 was the year when everyone was testing the waters with #GenAI. Today, what began as experimentation is evolving into comprehensive, company-wide transformations, reshaping how businesses operate and stay competitive. This shift marks one of the most significant technological adoptions in history. Companies that effectively integrate #AI are setting themselves up as industry leaders, while those slow to adapt risk falling behind. At BCG, we're proud to be at the forefront of AI integration, with nearly 20% of our 2024 revenue stemming from AI-related initiatives - one of the fastest and most significant growth areas in our 61-year history. Hear more from our CEO in this conversation with Bloomberg TV: https://lnkd.in/dqtBJp56

2023 was the year when everyone was testing the waters with #GenAI. Today, what began as experimentation is evolving into comprehensive, company-wide transformations, reshaping how businesses operate and stay competitive. This shift marks one of the most significant technological adoptions in history. Companies that effectively integrate #AI are setting themselves up as industry leaders, while those slow to adapt risk falling behind. At BCG, we're proud to be at the forefront of AI integration, with nearly 20% of our 2024 revenue stemming from AI-related initiatives - one of the fastest and most significant growth areas in our 61-year history. Hear more from our CEO in this conversation with Bloomberg TV: https://lnkd.in/gVEy8K66

2023 was the year when everyone was testing the waters with #GenAI. Today, what began as experimentation is evolving into comprehensive, company-wide transformations, reshaping how businesses operate and stay competitive.   This shift marks one of the most significant technological adoptions in history. Companies that effectively integrate #AI are setting themselves up as industry leaders, while those slow to adapt risk falling behind. At BCG, we're proud to be at the forefront of AI integration, with nearly 20% of our 2024 revenue stemming from AI-related initiatives - one of the fastest and most significant growth areas in our 61-year history and within all our functional topics inclduing procurement and supply chain.   Hear more from Christoph Schweizer in this conversation with Bloomberg TV: https://lnkd.in/edbCu5rx

Whilst 61% of leaders believe AI is a gamechanger for their industry, only one in 10 businesses have made measurable progress in digital transformation. Some leaders are more cautious about the benefits of AI than others, with only 50% of CFOs and 51% of CEOs believing it to be a game changer for their company, compared to 63% of COOs. https://ow.ly/VT7z50TZ03x

2024 is pivotal as #GenAI transitions from experimentation to driving major transformations across industries, a move highlighted by our CEO, Christoph Schweizer, in a recent interview on Bloomberg TV. This shift underscores a clear divide: companies that effectively harness AI are not just surviving; they're thriving with significant ROI and setting the pace for future growth. At BCG, AI and GenAI are at the heart of our strategy, demonstrating our commitment to leveraging this technology for growth and helping other companies do the same. Watch the full interview: https://lnkd.in/dehjMvUD #ArtificialIntelligence #GenAI

In PwC's recent CEO survey we found that 70% of CEOs believe that GenAI will significantly change the way their company creates, delivers and captures value. US CEOs expect to reap returns on their investments in GenAI, with 61% expecting it to improve the quality of their products and services. We are working with clients to innovate their business models and product and services portfolio to prepare for GenAI entering mainstream business. We help clients understand how Responsible AI is implemented, how GenAI creates new opportunities, how to prepare a strategy (plan) to adopt Gen AI, and how to be Human-Led in your approach. And all of this happens at the AI Lab, at PwC's PwC Experience Center in Amsterdam. More info online: https://lnkd.in/eCnkWyQP. Marcel Jakobsen Travis Sheppard Mona de Boer, PhD Alexander Staal Jan-Willem Sanders Ron Martinek Jochem Veltman Thomas Hendrikx Veronique Roos PwC Nederland #experiencecenter #experienceconsulting

Our latest AI report is here! 🙌🏼🤩 It’s exciting to see how companies successfully scaling AI anticipate a powerful boost in both cost reduction and revenue growth compared to others. With a focus on redefining workflows, aligning on clear goals, and making AI a core component across operations, these leaders expect over 2x ROI from their AI investments. One of the standout insights? Many organizations are realizing 60%+ of AI value from core business processes alone—a testament to the impact of embedding AI in the fabric of operations. Working with the team to dig deep into these findings reminded me once again: BOLD transformation isn’t just a buzzword; it’s essential to fully unlock AI’s potential. Dive into the report for a comprehensive look, or if you’re pressed for time, check out the key chapters and our 7-step action plan to start driving real value with AI. #BCGOnAI #AILeadership #AIMaturity #ROI #AIAtScale

A set of leading companies are not just figuring out how to harness digital and AI to generate value but are also doing it more quickly and putting ever more distance between themselves and other players. We undertook detailed analysis of more than 1,000 companies. Key findings: - The value of digital and AI is real and sizable. Evidence suggests that companies that have leading digital and AI capabilities outperform laggards by two to six times on total shareholder returns (TSR) across every sector analyzed. - Leaders implement digital and AI by investing in a holistic set of hard-to-copy capabilities described in the #RewiredBook. - The distance between leaders and laggards is increasing because these capabilities provide compounding advantages. Follow the link here: https://lnkd.in/ePuSRAYa   #McKinseyDigital #GenerativeAI #DigitalTransformations