Tag #Digital Transformation

Showing 121 to 132 of 229 results

forbes.com

🌐 85% Global Worthiness

Mar 8, 22:09

Leadership Hesitation: The Biggest Obstacle to AI Adoption

A McKinsey survey reveals that despite 87% of senior executives recognizing digital transformation's importance, only 10% believe their organizations effectively implement it; this leadership hesitation, fueled by a "courage gap" and "tech anxiety", hinders AI adoption, potentially leaving companies...

Leadership Hesitation: The Biggest Obstacle to AI Adoption

A McKinsey survey reveals that despite 87% of senior executives recognizing digital transformation's importance, only 10% believe their organizations effectively implement it; this leadership hesitation, fueled by a "courage gap" and "tech anxiety", hinders AI adoption, potentially leaving companies...

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How does the "courage gap" affect AI adoption, and what psychological factors contribute to this hesitation among leaders?

Hesitation among leaders, termed the "courage gap," is the primary obstacle to AI integration. This stems from a fear of mistakes in uncharted territory, despite widespread recognition of AI's potential. A Valtech study shows 94% of senior leaders experience "tech anxiety", with AI being a top concern.

forbes.com

🌐 85% Global Worthiness

Mar 6, 22:12

Generative AI Delivers on Promises, but Enterprise-Level Value Remains Elusive

Accenture research reveals that while 80% of business leaders find generative AI exceeding expectations, only 13% see significant enterprise-level value; this gap highlights the need for organizational transformation to fully leverage AI, including workforce adaptation, leadership buy-in, and a focu...

Generative AI Delivers on Promises, but Enterprise-Level Value Remains Elusive

Accenture research reveals that while 80% of business leaders find generative AI exceeding expectations, only 13% see significant enterprise-level value; this gap highlights the need for organizational transformation to fully leverage AI, including workforce adaptation, leadership buy-in, and a focu...

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What are the key obstacles preventing organizations from realizing the full enterprise-level value of generative AI, despite widespread initial success?

While over 80% of business leaders report generative AI exceeding expectations, only 13% achieve significant enterprise-level value, according to Accenture research involving 3,400 executives and 2,000+ AI projects. This highlights a significant gap between initial success and widespread organizational impact. The study reveals that 73% of AI investments focus on functional use cases, not enterprise-wide transformation.

smh.com.au

🌐 85% Global Worthiness

Mar 3, 01:07

FUJIFILM Business Innovation Drives Digital Transformation for Sangetsu Corporation

FUJIFILM Business Innovation partnered with Sangetsu Corporation to digitize its document management, improving efficiency and transparency across the company's global operations, demonstrating the importance of adapting to diverse cultural and business needs.

FUJIFILM Business Innovation Drives Digital Transformation for Sangetsu Corporation

FUJIFILM Business Innovation partnered with Sangetsu Corporation to digitize its document management, improving efficiency and transparency across the company's global operations, demonstrating the importance of adapting to diverse cultural and business needs.

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How did FUJIFILM Business Innovation address the cultural and operational challenges faced by Sangetsu during its digital transformation?

The partnership between FUJIFILM and Sangetsu highlights the importance of understanding unique customer needs and adapting solutions accordingly. Sangetsu's successful digitization demonstrates how addressing information management can transform company culture and improve efficiency, especially in managing globally distributed documents.

forbes.com

🌐 75% Global Worthiness

Feb 28, 04:08

Slowing Job Growth Spurs Increased Investment in Workforce Upskilling

Amid slowing US job growth (143,000 jobs added in January), companies are significantly increasing investments in workforce development (91% per RGP's Q1 Transformation Barometer), focusing on reskilling and upskilling employees to adapt to AI integration and maintain competitiveness.

Slowing Job Growth Spurs Increased Investment in Workforce Upskilling

Amid slowing US job growth (143,000 jobs added in January), companies are significantly increasing investments in workforce development (91% per RGP's Q1 Transformation Barometer), focusing on reskilling and upskilling employees to adapt to AI integration and maintain competitiveness.

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What long-term impact will the integration of AI and upskilling initiatives have on organizational structures and leadership roles?

AI's significant positive impact on customer and employee experience is anticipated by 67% of respondents in RGP's survey, influencing 71% of financial decision-makers to take on more technology-related responsibilities. This trend underscores the need for leaders to develop both technological and human-centric skills, balancing AI's potential with the importance of soft skills like emotional intelligence and adaptability.

forbes.com

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Feb 27, 16:11

AI Talent Shortage: The Biggest Barrier to AI Implementation

The global demand for AI professionals has surged 21% annually since 2019, outpacing supply and driving up compensation; this talent shortage is the biggest barrier to AI implementation, with the US alone needing an estimated 500,000–750,000 additional AI-skilled workers by 2027.

AI Talent Shortage: The Biggest Barrier to AI Implementation

The global demand for AI professionals has surged 21% annually since 2019, outpacing supply and driving up compensation; this talent shortage is the biggest barrier to AI implementation, with the US alone needing an estimated 500,000–750,000 additional AI-skilled workers by 2027.

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What is the primary challenge hindering the widespread adoption of AI, and what are its immediate economic consequences?

The global demand for AI professionals has surged 21% annually since 2019, far exceeding the supply. This has driven up compensation by 11% annually, significantly outpacing global wage growth. Consequently, talent scarcity is the primary obstacle to AI implementation, with 44% of executives citing lack of in-house expertise as their top challenge.

forbes.com

🌐 85% Global Worthiness

Feb 27, 19:14

NTT DATA Accelerates Enterprise Digital Transformation with Private 5G

NTT DATA's private 5G platform is accelerating enterprise digital transformation by offering deterministic connectivity and automation for operational technology, addressing security concerns and achieving economic scale; key deployments include Brownsville, Texas, and Roularta Media Group.

NTT DATA Accelerates Enterprise Digital Transformation with Private 5G

NTT DATA's private 5G platform is accelerating enterprise digital transformation by offering deterministic connectivity and automation for operational technology, addressing security concerns and achieving economic scale; key deployments include Brownsville, Texas, and Roularta Media Group.

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Industry, Innovation, and Infrastructure

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What are the key advantages of NTT DATA's private 5G offering, and how is it impacting enterprise digital transformation?

NTT DATA, the global business services arm of Nippon Telegraph and Telephone, is accelerating enterprise digital transformation with its private 5G cellular networking platform. This platform offers deterministic connectivity and automation for operational technology, addressing challenges like complex deployments and security concerns. Key deployments include the City of Brownsville, Texas, leveraging private 5G for smart city applications and industrial IoT connectivity.

forbes.com

🌐 85% Global Worthiness

Mar 6, 01:10

Thermo Fisher's AI-Driven Strategy for Enhanced Efficiency and Customer Value

Thermo Fisher Scientific, a $40 billion life sciences company, uses AI to streamline clinical trials, enhance products, and improve customer experiences, embedding technology leaders within business units to ensure alignment with business goals and avoid IT silos.

Thermo Fisher's AI-Driven Strategy for Enhanced Efficiency and Customer Value

Thermo Fisher Scientific, a $40 billion life sciences company, uses AI to streamline clinical trials, enhance products, and improve customer experiences, embedding technology leaders within business units to ensure alignment with business goals and avoid IT silos.

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Good Health and Well-being

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How does Thermo Fisher Scientific's AI strategy impact drug development and clinical trials?

Thermo Fisher Scientific, a $40B+ life sciences company, integrates AI and automation across its business units to improve operational efficiency, enhance products and services, and boost customer experience. This strategy, led by CIO Ryan Snyder, directly impacts drug development by streamlining clinical trials.

t24.com.tr

🌐 75% Global Worthiness

Mar 5, 13:11

Cem's Book Addresses Job Market Shifts in Industry 4.0

Hayri Cem's "Geleceğin Meslekleri" examines how Industry 4.0 will impact the job market, highlighting both job losses in sectors like manufacturing and the emergence of new roles in digital technologies, with all book royalties funding scholarships for Darüşşafaka students.

Cem's Book Addresses Job Market Shifts in Industry 4.0

Hayri Cem's "Geleceğin Meslekleri" examines how Industry 4.0 will impact the job market, highlighting both job losses in sectors like manufacturing and the emergence of new roles in digital technologies, with all book royalties funding scholarships for Darüşşafaka students.

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What specific job sectors will experience the most significant impact from automation, and what are the immediate consequences for workers in those fields?

Hayri Cem's new book, "Geleceğin Meslekleri" (Future Professions), discusses the impact of Industry 4.0 on the job market. Cem argues that while some jobs will be lost due to automation, many new roles will emerge in areas like data science and AI. He emphasizes the need for adaptability and continuous learning.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

Feb 28, 01:08

AI Drives Sales Surge in Yiwu's Global Trading Hub

In Yiwu, China, a small commodity trading hub, AI-powered tools on the Chinagoods platform are helping merchants create multilingual marketing videos, resulting in significant sales increases and expanded international trade; approximately 30,000 merchants regularly use AI tools, exceeding 1 billion...

AI Drives Sales Surge in Yiwu's Global Trading Hub

In Yiwu, China, a small commodity trading hub, AI-powered tools on the Chinagoods platform are helping merchants create multilingual marketing videos, resulting in significant sales increases and expanded international trade; approximately 30,000 merchants regularly use AI tools, exceeding 1 billion...

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What is the immediate impact of AI-powered tools on small businesses in Yiwu, China?

In Yiwu, China, a small commodity trading hub, AI tools are revolutionizing business practices. A sock seller, Fu Jiangyan, uses AI to create multilingual product videos, resulting in a 54,000-view Facebook video and expanded foreign trade. Similarly, toy vendor Sun Lijuan secured a 20,000-doll order from Poland after using AI for video marketing, achieving over 100,000 views.

nos.nl

🌐 85% Global Worthiness

Feb 27, 01:09

Wolters Kluwer CEO's Retirement Triggers 8% Stock Drop

After 20 years as CEO, Nancy McKinstry announced her retirement from Wolters Kluwer, causing an immediate 8 percent drop in the company's share price; her transformative leadership, which involved shifting the company to a digital focus, is credited with significant growth.

Wolters Kluwer CEO's Retirement Triggers 8% Stock Drop

After 20 years as CEO, Nancy McKinstry announced her retirement from Wolters Kluwer, causing an immediate 8 percent drop in the company's share price; her transformative leadership, which involved shifting the company to a digital focus, is credited with significant growth.

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How did Nancy McKinstry transform Wolters Kluwer, and what were the key decisions and strategies that led to its success under her leadership?

McKinstry's tenure saw Wolters Kluwer's digital transformation, significantly increasing its value from €10 per share in 2003 to approximately €172 yesterday. Her departure raises questions about the company's future strategic direction and leadership, given her crucial role in its success. The transition to a new CEO, potentially Stacey Caywood, is underway.

forbes.com

🌐 85% Global Worthiness

Feb 27, 19:14

Corporate and Private Equity Dealmakers Converge on Strategies, Leveraging AI for Enhanced MA

Deloitte's 2024 M&A Trends Survey shows corporate and private equity dealmakers converging on strategies, leveraging AI and GenAI to improve dealmaking; corporations admire private equity's adaptability, while private equity values corporations' talent strategies and realistic timelines.

Corporate and Private Equity Dealmakers Converge on Strategies, Leveraging AI for Enhanced MA

Deloitte's 2024 M&A Trends Survey shows corporate and private equity dealmakers converging on strategies, leveraging AI and GenAI to improve dealmaking; corporations admire private equity's adaptability, while private equity values corporations' talent strategies and realistic timelines.

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What is the future impact of AI and Generative AI on the M&A process, and how will this technology reshape the competitive landscape?

The integration of AI and Generative AI is transforming M&A processes, with nearly all surveyed organizations using these technologies to enhance various lifecycle tasks. This trend will likely accelerate, leading to faster, better-informed decisions and improved deal outcomes. The ability to analyze large datasets and predict future trends will provide a significant competitive advantage.

forbes.com

🌐 75% Global Worthiness

Feb 27, 10:12

Five Critical Mistakes Businesses Make in Customer Experience

A survey reveals 54% of US consumers find customer experience needs improvement; businesses risk this by misusing data, mishandling AI, failing omnichannel integration, reacting instead of proactively improving, and not empowering employees.

Five Critical Mistakes Businesses Make in Customer Experience

A survey reveals 54% of US consumers find customer experience needs improvement; businesses risk this by misusing data, mishandling AI, failing omnichannel integration, reacting instead of proactively improving, and not empowering employees.

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Reduced Inequality

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What are the most critical mistakes businesses make regarding customer experience, and what are their immediate consequences?

Businesses risk hindering customer experience (CX) by misusing data, misjudging AI, failing omnichannel integration, reacting instead of proactively improving, and not empowering employees. 54% of US consumers believe CX needs improvement, highlighting a significant market opportunity for businesses to excel.

Showing 121 to 132 of 229 results