Boston Consulting Group (BCG)’s Post

A lot has been written on generative AI as it is one of hot topic areas as part of managing data. I have done my share of business process improvements, and all those solutions came back to having the following   Clearly define requirements document including cost and objectives Selecting the right solution and consultant Management Buy-in The right change management program Continuous improvement as part of any process change https://lnkd.in/g5sV_C-F

Resisting innovation is futile. Electricity, cars, phones, email - the list goes on and on. All transformative, all scary at first. I've had many jobs - especially those in operations and program leadership - where I'll openly share that my primary goal is to eliminate my own position. To create solutions and processes that are so simple, intuitive, and effective that I'm no longer required to run them. This allows me to move on to bigger, more challenging opportunities - to showcase and grow my skills in new and different ways. I challenge the 42% who believe their job is at risk to see this as an opportunity instead of a threat. An opportunity to grow, drive change, and lead the future. What could you do with 5 more hours a week? 👇 #AI #Growth #MovingUp

Interesting report from Boston Consulting Group (BCG) comparing employee survey results regarding AI at work from 2024 vs 2023. "Leaders and frontline employees recognize the need for training to fully activate GenAI" is the recurring, if unsurprising, theme. Employees at all levels who feel they have been trained and encouraged to use AI have the most confidence and least anxiety about AI in their everyday work.

Embracing AI in the workplace is more than just a productivity boost—it's revolutionizing executive search and leadership recruitment! My latest observations: ➡︎ How does AI improve executive search? Advanced data analytics help match candidates to jobs more accurately by analyzing lots of data to find the best fit and predict how well they will do in the role. ➡︎ How is generative AI used in candidate profiling? It creates detailed profiles of candidates by analyzing big amounts of text and data, giving a better picture of their skills and suitability for the job. ➡︎ What role does AI play in the interview process? It helps conduct and analyze interviews by using language processing, making the process more objective and reducing biases. ➡︎ How is AI integrated with human expertise in executive search? Tools are used alongside human experts, where AI provides data insights and humans make the final judgment, ensuring a well-rounded candidate evaluation. ➡︎ How does AI help in promoting diversity and inclusion? It helps find diverse candidates by reducing unconscious biases during screening and ensuring candidates are judged fairly based on their skills and qualifications. While we're just at the beginning of AI advancements, let's embrace this journey with optimism and recognize that human insight and judgment will always be key to unlocking technology's full potential.  #ResultsThroughPeople

As AI continues to advance, many of us face a dilemma: • Excitement about increased productivity and innovation • Anxiety over potential job displacement How can we balance these conflicting emotions? My takes 1. Focus on developing unique skills 2. Stay informed about AI developments 3. Collaborate, not compete with AI What's your take? #AIinBusiness #FutureofWork #ProductivityTips

I believe that AI will become a cornerstone of company strategy in the future, revolutionizing the way businesses operate and compete. We must be open to this change Creo que la IA se convertirá en una piedra angular de la estrategia empresarial en el futuro, revolucionando la forma en que las empresas operan y compiten. Debemos estar abiertos a este cambio

AI: Friend or Foe?? Interesting flash update on how AI is perceived at work by BCG!

In today's rapidly evolving business landscape, companies are increasingly turning to generative AI to gain a competitive edge. The power of generative AI lies in its ability to generate new, high-quality content and ideas, thus driving innovation and efficiency. By leveraging this technology, businesses can automate complex tasks, create personalized customer experiences, and develop new products at unprecedented speeds. For consultants, understanding and implementing generative AI is crucial. It allows them to offer clients cutting-edge solutions that can transform their operations by using it to analyze vast amounts of data, uncovering insights that inform strategic decisions. Generative AI represents a significant advancement for the business world, with profound implications for how companies operate and compete. Consultants who embrace and master this technology will be well-equipped to drive client success and carve out a leadership role in their field. For further details, you can access the full article: https://on.bcg.com/3XQm5FT

A new report from Boston Consulting Group (BCG) shows how AI is changing the workplace. Here are some key points: 📈 More Confidence: 42% of employees feel good about AI's impact on their jobs, up from 26% last year. ⚠️ More Worries: 49% of people who use AI often think their jobs might go away in the next ten years. 🔄 Increased Use: Twice as many frontline workers now use GenAI regularly compared to last year, with 43% using it often. This report shows that AI can help with work but also makes some people worried about job security. Read the full report: https://lnkd.in/dW_fRqY7 #AI #Work #Technology #FutureOfWork #Innovation

Ever wondered how AI fits into the world of HR? John Stroud from AI Guides shared some game-changing perspectives during one of our #MindfulMondays sessions! Youssef SKALLI asked "Many see AI as a threat. The question is, how do we use it intelligently?" To address this concern, specifically seeing AI as a threat to job security, John suggests taking an employee-centric approach to integrating AI into HR processes. Ask your employees: "What parts of your job are challenging?" "Are there manual tasks that are chewing up your day that could instead be automated?" By engaging employees in identifying pain points and offering AI solutions to streamline tasks, we can transform AI from a threat to a valued problem-solving tool. Watch the full session replay by visiting the link in our comments. ⬇️ #MindfulHRServices #EmployeeRetention #EmployeeEngagement #AIinHR #AI