KISSHENTHIRAN SARAVANAN’s Post

So much of this resonates for our business here at #BCGinCanada - the fact that we have been investing in and doing this kind of work, across sectors, for years but also the increased pace, technical depth and partnership opportunities we are seeing. Reach out to me or our digital leaders Munir Nasser, Kirk Francis and Marc Papritz to learn more!

🦩 Generative AI - Productivity gains are driving adoption of these transformative technology! #genai #generativeai

Artificial Intelligence expertise is a red hot commodity right now. . Make no mistake, it is not about the code (math) … it is about the organizational impact, the workforce transition, the operational efficiencies and the competitive edge to seize. . We have lived several technology cycles since Internet arrived in 1995. This one is different as it is the convergence of all the others and more. . This moment in time is finally data driven but is cybersecurity sensitive. This requires a new approach to managing humans, accesses and montiroring not to mention data integrity. . Exciting is an understatement ! I have waited all my for this moment where e-commerce, automation, and analysis are all driven on deep, real-time data. . The fun is just beginning ! . #eghtruths

Not only at the top of the market with BCG clients, but across the entire business environment…those companies that leverage consulting to rapidly leverage artificial intelligence in sophisticated ways (not just using ChatGPT to write emails) will outpace their competitors and establish capabilities that will remain in a leading position. We are at an important inflection point. Now more than any other time, there will be true winners and losers and those that delay their application of AI will never catch up.

For many organizations, including BCG, AI is a CEO agenda topic. In the past 12 months we have continuously facilitated board meetings and executive sessions to build awareness on the opportunities and risks of GenAI. These sessions include discussions on the ethics of AI, including Responsible AI topics, compliance, and regulatory impacts. They also include discussion on enablers such as change management and technology. At BCG we have 30,000+ employees using GenAI apps on a daily basis, worldwide, at all levels. This is a learning journey for all of us. #generativeai

AI is no longer just an experiment! Our outlook for 2024 and beyond is very strong and we are seeing a surge in AI adoption across industries, helping companies transform everything from customer service to data management. Our CEO, Christoph S., emphasizes the rapid adoption of Generative AI in his recent discussion and how BCG prioritized this initiative within the firm and how that has enabled us to work closely with our clients on their transformative journeys. https://lnkd.in/gVEs8FcP

As we advance into 2024, the landscape of #innovation is dramatically evolving, particularly in the realm of #artificialintelligence. Christoph S., our CEO, recently shed light on the significant uptick in #GenAI adoption within various corporate sectors, transitioning from mere experimentation to robust #integration. The potential applications are boundless, spanning enhanced customer interactions to groundbreaking shifts in #data handling and #healthcare #research. It’s exhilarating to witness BCG guiding companies' pivotal AI integration and be at the center of such transformative initiatives.

2024 is shaping up to be a landmark year in innovation and AI transformation. Our CEO, Christoph S., highlighted the remarkable rise in GenAI adoption across industries in a recent discussion. This year, we're moving from experimental uses of AI to comprehensive integration. The scope of applications is enormous, including everything from enhancing customer service with chatbots to revolutionizing data migration and R&D in healthcare. It’s exciting to see BCG leading the charge, helping enterprises navigate their AI transformation journeys.

Thanks Aarush Agarwal for sharing this BCG article with me. In today's competitive landscape, the need for a modern technology platform to scale Generative AI (GenAI) effectively is undeniable. According to a recent BCG study, only a select few companies have successfully leveraged GenAI to drive substantial business outcomes. Over 70% of the top performers shared the following attributes: 1/ strong and "quantified" link between Gen AI initiatives and business outcomes, 2/ modern technology platform, and 3/ advanced data strategy (including unstructured data). For companies aiming to harness the full potential of GenAI, upgrading to a state-of-the-art technology platform and deploying an advanced data strategy is not just beneficial—it's essential. https://lnkd.in/g3a5nQrn

Intriguing insights from Boston Consulting Group (BCG)'s CEO, Christoph Schweizer, on the integration of artificial intelligence into corporate operations. According to the Financial Times, BCG anticipates AI consulting to contribute 20% of its revenues this year, with projections to double by 2026. BCG's work with tech giants and AI innovators like Microsoft, Google, OpenAI, and Anthropic underscore its commitment to driving AI integration across industries. The firm's dedication extends to training executive teams, recognising AI as a crucial business priority. This significant revenue share from AI advisory work demonstrates BCG's agility in capitalising on the generative AI boom. Despite economic challenges, BCG's AI division has seen impressive growth, showcasing the increasing demand for AI-driven solutions. From chatbots to Healthcare R&D, BCG is leveraging AI to enhance productivity and efficiency across various sectors. Schweizer's proactive approach, coupled with BCG's early investment in AI, has positioned the firm as a leader in AI advisory services. Moreover, BCG's internal adoption of AI tools further exemplifies its commitment to innovation and adaptation. Additionally, BCG's involvement in studies like the one with OpenAI's GPT-4 model highlights the tangible benefits of AI adoption, boosting productivity and quality of work among employees. I am keen to see how AI continues to reshape the consulting landscape, especially if the topic is set to dominate revenue generation for the coming years. #AI #Consulting #Innovation #BCG