And it's true that using technology, such as Al for business, can deliver a strong competitive advantage. However, a study by BCG suggests that what's more important than investing in cutting-edge technology and algorithms is the rewiring of decision-making and operations to extract value. It also underscores the heightened significance of investing in human capabilities in today's landscape.
The BCG report reveals that pioneers of Al @ scale-the companies that have scaled Al across the business and achieved meaningful value from their investments typically dedicate 10% of their Al investment to algorithms, 20% to technologies, and 70% to embedding Al into business processes and agile ways of working. This essentially means that successful organizations have invested twice as much in people and processes as they have in technologies.
In the quest for achieving substantial financial benefits from technology, it's important to recognize that automation alone is not enough. To truly harness the potential of technology and drive growth, enterprise focus must shift towards learning and organizational transformation. Only through this symbiotic relationship between humans and technology can new opportunities be unlocked and adopted in a rapidly changing landscape.
この記事は Indian Economy & Market の July 2023 版に掲載されています。
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この記事は Indian Economy & Market の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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THE REALITY OF CORPORATE ESG INITIATIVES
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Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
