The GenAI productivity revolution is here! 5+ hours a week – that’s how much time 58% of respondents saved, according to the AI@Work study by Boston Consulting Group (BCG) and BCG X.    GenAI use allows employees to save time, perform tasks faster, and improve the quality of their work.    Which raises the question: what should we do with this new productivity? Should companies do more of/with the same? Become more innovative? Or should they improve employees' work-life balance and give time back?    To learn more about our recent survey, read AI@Work report https://lnkd.in/gRWKtQs6   #AIatWork #GenAI #BCGX

Progress update on our generative AI collaboration 🚀! We’re excited to share that our team of BCG X, Universities Space Research Association (USRA) and NASA Ames Research Center recently conducted our first workshop where we discussed and aligned on priority use cases, defined a roadmap, and outlined the next steps for our collaboration. This workshop marks the first step in our journey to harness the unique skills of leaders across industry, government, and academia with experience advancing state-of-the-art AI. Stay tuned for more updates as we embark on this exciting path and learn more about our collaboration here: https://on.bcg.com/4476JxC #BCGGenAILab #NASA #USRA #GenerativeAI #GenAI #Innovation

While global net wealth grew by 4.3% in 2023, wealth managers face rising costs due to inflation, operational inefficiencies, and tightening regulatory requirements.     🚀 From client acquisition and onboarding to servicing and internal support, #GenAI can help save time, reduce costs, and enhance client experience across the entire value chain.     Learn how wealth managers can make the most of the GenAI era in Boston Consulting Group (BCG)’s new Global Wealth report: https://on.bcg.com/4ePDa97   #GenerativeAI #FinancialInstitutions #WealthManagement #GlobalWealth

As companies integrate #GenAI into their tools and operations, they face a critical gap between developing innovative proofs of concept and launching them into the market as reliable, enterprise-level solutions that drive tangible impact. To fully unlock GenAI’s potential, a combination of human and automated testing and evaluation is essential. Learn more on how to scale GenAI responsibly and confidently: https://on.bcg.com/45VhVhO ⭐️ And star our new open-source T&E toolkit, ARTKIT, on GitHub: https://bit.ly/3RBcHly #ARTKIT #ResponsibleAI #RAI #OpenSource

We teamed up with AWWA Ltd, one of Singapore’s largest social services agencies, to launch its inaugural innovation drive focused on fostering employee development and initiating innovation within the organization 🚀. From addressing holistic care to improving efficiency and reducing waste–over 40 innovative ideas were submitted by AWWA teams with the top three solutions focusing on: 💡 Adult mobility issues 💡 Portable communication devices for youths 💡 Stroke recovery resources Take a look inside the final pitch competition, we're looking forward to seeing how these solutions drive impact ⬇️. #Singapore #CorporateInnovation #Innovation #SocialServices

“We want to be the leading biopharma that uses AI at scale. Not tapping into #GenAI was not an option for us.” Sanofi's Emmanuel Frenehard joined BCG’s Thomas Delano at our TECH@SCALE event in Paris recently to share Sanofi’s journey in embracing disruptive technology and its innovative approach going from proof of concepts to implementation at scale 💥. #TECHatScale #AI #Biopharma

Quantum computing holds the promise of tackling some of the most pressing problems. Sylvain Duranton, BCG X Global Leader, hosted Georges-Olivier REYMOND, quantum physicist and CEO of Pasqal, who stands at the forefront of quantum computing innovation. They discussed how business should approach quantum computing and what can we anticipate from initial, breakthrough applications in materials simulations or drug discovery. Welcome to new #AIMiscellaneous and discover what’s on the mind of AI leaders. #QuantumComputing #BCGX #AIMiscellaneous

A new era in car buying 🚗 is emerging as manufacturers shift towards fixed, non-negotiable prices in direct-to-consumer models.     According to a recent Boston Consulting Group (BCG) study, nearly 68% of car buyers prefer paying a mark-up to avoid the hassle of price negotiations. This trend, discussed by BCG’s Ferdinand Harries and Professor Dominik Papies, highlights a significant change in consumer behavior, with fixed prices becoming increasingly popular.    Discover more in our latest article, featured in the St. Gallen Marketing Review:  https://lnkd.in/een_enR5     #AutoAIbyBCG #AutomotiveIndustry #AutoInnovation #FutureOfMobility #DigitalTransformation 

What keeps business leaders awake at night regarding GenAI?    Their immediate worries start with the lack of AI and GenAI literacy, particularly among non-tech roles, and uncertainty about when to use GenAI.    The list of long-term concerns, however, begins with the costs of implementing and running GenAI and the difficulty in redeploying workers more effectively.    To learn more about how employees and leaders see productivity gains from GenAI, read the AI@Work report https://lnkd.in/gRWKtQs6   #AIatWork #BCGX #GenAI