The Boston Consulting Group

With AI evolving at breakneck speed, chief information officers are turning their attention to driving real transformation. But while many companies are heavily investing in tech solutions, few are seeing a full return on their investments. On September 19th, we'll explore closing the gap between tech solutions and business value, optimizing AI readiness and ROI, and pioneering cutting-edge innovation. Don’t miss this dynamic discussion, live from Dreamforce, on the key AI strategies every CIO must embrace—right now. #BCGatDreamforce #DF24

BCG is proud to be a partner at Climate Week NYC 2024, hosted by Climate Group alongside the UN General Assembly. This event unites global leaders from business, government, and civil society to accelerate climate action. At climate week, we'll discuss topics ranging from the green economic shift and decarbonizing energy and transport to the climate health nexus, exploring how we can harness nature to reduce emissions and revitalize our food systems. It's time to accelerate scalable, sustainable solutions and enhance collaboration and cooperation. We need to speed up advancements in energy storage, grid infrastructure, low-carbon materials, and sustainable finance. Join the conversation with BCG at Climate Week NYC.

We invite you to join us at Dreamforce 2024, as we explore the future of marketing, sales, and service in the age of AI. Take part in this immersive experience by meeting with BCG experts, hearing from industry leaders, and making new connections at our exclusive networking events. Explore our full program and reserve your spot for our sessions and networking events: https://lnkd.in/eqmJxJr9 #BCGatDreamforce #DF24

Meet Dario Accorona, a Principal in our Milan office and the face behind our latest episode of #ImpactinSixty. "As consultant, I’ve always wanted to contribute positively, not only from a business point of view, but also from a personal perspective," he says. "Helping the client shaping its own sustainability path across all dimensions of the company is surely my most memorable experience in BCG so far. Not only I had chance to explore and appreciate all the corners of a corporation, but I had the pleasure to connect with several people on the client side with a strong drive to create and impactful and comprehensive journey.” 🔗 To hear more about Dario’s experience, watch the full #ImpactinSixty episode now. https://on.bcg.com/3zcRfxd

At BCG, our culture is people-focused and we’re proud to have an environment where everyone feels appreciated, heard, and valued. AccessAbility@BCG, our global employee resource group, seeks to foster inclusion and community among people with disabilities, neurodiversity, and chronic illnesses as well as caregivers. From peer mentorship to external partnerships, our groups are working to break the stigma and build a more accessible workplace for everyone. Learn more about our impact and commitments: https://on.bcg.com/3XwLZxN

How did a global biotech company use a tailored, holistic organizational-design approach to achieve $1 billion in gross cost savings and an optimized blueprint for growth? Here’s their (scientific) method for success: 🔬 Observation: Faced with revenue declines and reduced operation margin, one company worked with BCG to implement a transformative organizational redesign. 📝 Hypothesis: A cascaded and holistic organization-design approach can effectively reduce operational costs and increase efficiency, enabling reinvestment in strategic growth areas. 🧪 Method: BCG's proprietary tools will center the transformation around three areas: the operating model blueprint, driving greater accountability, and organizational design and talent selection. 📈 Results: Speak for themselves. Learn more about their #RightToWin journey here: https://on.bcg.com/4cVLhyF

On this edition of "Up Next," Christoph Schweizer reflects on his 27-year journey at BCG. "I have a lot of faith in the next generation of leaders," he says. "They are digital and AI natives, have a powerful understanding of the challenges of climate and sustainability, and seem to have a much more global outlook. We’ll be in good hands." Read about his insights into navigating leadership amidst the advancements in AI and global challenges like climate change and inflation, and read the book that should be on your reading list.

With BCG, New York Life Insurance Company is using generative AI to improve operations and client-agent interactions. New York Life, the largest mutual insurer in the US, is committed to using AI responsibly to enhance risk management and innovate within regulations. Despite some legacy technology systems, it is pursuing transformative changes in key areas like claims, servicing, sales, and marketing. In a conversation with BCG's Joe Khoury, Alex Cook and Don Vu from New York Life recently discussed how they are preparing for the future with agility in their people, processes, and technology. Watch the full video here: https://on.bcg.com/NYLife

GenAI boosts productivity, but what happens when workers use it for tasks beyond their skills? To find out, BCG Henderson Institute and BCG X conducted a scientific experiment, with Emma Wiles from Boston University, and technical support from Pamela Mishkin of OpenAI's Economic Impacts Research. The study found that, with the help of GenAI, BCG consultants with no prior experience of coding or statistics were able to write code, appropriately apply machine learning models, and correct erroneous statistical processes. In fact, participants who used GenAI achieved an average score equivalent to 86% of the benchmark set by experienced data scientists. It means that a new type of worker is entering the global talent pool: The GenAI-Augmented Worker. Read the full research here: https://lnkd.in/ezsWHXJu

While most executives met their recent cost targets, 35% reported that excised costs crept back in 12 to 18 months. These are findings from our C-suite survey earlier this year. Why does this happen? Most organizations fail to address the root causes of their cost challenges, and most lack the discipline to manage them holistically and continuously. Here is the CEO's guide to cost discipline: the five critical actions to tackle cost challenges. ➡️https://on.bcg.com/4cNvqSN