For corporate banking, data platforms and data management top the list of technology priorities, followed very closely by cybersecurity, according to Celent's Dimensions survey. In contrast, in 2023, data and cybersecurity were low-ranked priorities, with data platforms not even making the top 10 technology priorities. In the past year, many banks have uncovered a capability gap. Data may be the fuel for AI, but the promise (and hype) of AI in all its forms has exposed weaknesses in the ability of the data platforms at many banks to support growth in AI. Read more from Celent, a business of Oliver Wyman > https://owy.mn/45NJiKR #banking #AI
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Why thoughtful and proactive brand development should be a part of every leader's agenda, plus a look at the global carbon dioxide removal market, how executives are approaching restructuring, CMB Monaco's commercial transformation, and more in this edition of Now You KnOW.
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‘The money is there, but it's not always in the right place.’ Julian Mylchreest, executive vice chair at Bank of America discusses the vital role of banks in financing the energy transition with Joanne Salih, Partner in our Energy and Natural Resources Practice. For more insights > https://owy.mn/3WipnjZ #Energy #Transition #Finance
Energy Transition insights from Bank of America
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Insights from the CEOs of New York Stock Exchange listed companies on navigating current and future challenges, plus a look at how Singapore could become an AI capital, healthcare's cyberattack fallout, boosting modern marketing, and more in this edition of Now You KnOW. #NYSE #leadership #growth
CEOs On Leading Through This Unusual Moment And More
Oliver Wyman on LinkedIn
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[Vote, then expand for answer] More and more people rely on social media for their daily dose of news and insights. Among Gen Z, there’s palpable skepticism – over 50% are worried about potential bias in their feeds. Less than 50% feel informed about news, compared with nearly 70% of other generations. More on Gen Z’s digital habits and preferences > https://owy.mn/3S0W2rI #GenZ #SocialMedia #bias
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The growing ties between Asia and the Middle East are set to revolutionize cross-border payment solutions, reshaping the global payment landscape. The New Silk Road encompasses a vast and complex network, where daily transactions span 50 countries and over 60 currencies. This dynamic environment serves as a natural sandbox for innovation, from fast payment networks to central bank digital currencies (CBDCs). Watch the video from Juin Keek and discover more about the transformation of the payment industry in our New Silk Road content hub > https://owy.mn/3ygCIzP #NewSilkRoad #Payment #Innovation
Next-Gen Payment To Supercharge The New Silk Road
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In 2023, clean energy's growth story was interrupted for the first time in almost a decade with a decrease in Venture Capital (VC) funding. However, the sector remains much stronger than most startup areas, which were hit harder by the overall VC market's steep decline. Our annual Clean Energy Startups Radar found that the Asia Pacific region, hydrogen, and battery storage attracted overall increases in funding, showing a path forward for the sector. Learn more > https://owy.mn/3WckbOB #CleanEnergy #funding #GreenHydrogen
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To combat climate change, it’s vital that we also address nature loss. Unfortunately, Africa’s Biodiversity Intactness Index (BII) shows a loss of natural capital that considerably exceeds the global average. Committed to catalyzing nature-positive African economies, we’re proud to support the African Natural Capital Alliance (ANCA) as it works with the public and private sectors on approaches to policy, regulation, and investment that aim to maximize sustainable growth from and for Africa’s natural capital. Watch ANCA's Head of Secretariat Dorothy Maseke in conversation with Sandra Villars, CFA, to learn more about the transformative work being done by ANCA, and how Oliver Wyman is contributing to this critical mission > https://owy.mn/3VSc34p #Nature #Sustainability #SustainableFinance
ANCA Is Catalyzing Economic Sustainability In Africa
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AI is the talk of town; 95% of those who leverage AI capabilities as part of their transformation journey expect the technology to have a significant impact on their companies over the next three years. We share how senior executives are thinking about its value > https://owy.mn/4eqJvaH #Performance #Transformation #AI
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Consumers now expect a fair exchange of value for the information they provide, seeking connections with brands that align with their interests and needs. Shifts in consumer habits are reshaping the online attention economy and the marketing landscape. In this edition of Ahead of the Curve, we dive into factors influencing the digital advertising industry: building differentiated generative AI technology while addressing need for privacy and transparency in a full-speed race for viewership. Learn more > https://owy.mn/4cks622 #Data #DigitalAdvertising #AI
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