State Street’s Post

Will AI emerge as the economic antidote to an ageing population? Read more: https://vgi.vg/3wqNEKv #AI #Economy Capital at Risk.

Despite a turbulent global business environment most CEOs of large organizations are optimistic about the future and ready to step up their game. To learn more please read the new edition of our CEO Insights study.

I recently came across an interesting perspective in a Goldman Sachs report from late June, highlighting a compelling forecast by an MIT Institute professor. Despite the swift progress and broad integration of AI, this authority anticipates a modest economic benefit over the coming ten years. 👉 https://lnkd.in/g9wR8PZw 👈 The professor predicts that AI will boost US productivity by only 0.5% and the GDP by just 0.9% in total over the next decade. So, the question arises: Is AI the ultimate game-changer or merely hype? #AI #ArtificialIntelligence #EconomicImpact #Productivity #BusinessStrategy #TechTrends #Innovation #DigitalTransformation #GoldmanSachs

McKinsey's latest article sheds light on the transformative potential of Generative AI in Central America's workforce and productivity. As organizations across the globe look to harness this power, it's crucial to adopt a robust approach that balances risk with value creation. At Impetus' GenAI Innovation Labs, we are uniquely positioned to help enterprises develop cutting-edge GenAI applications tailored for their needs. Our labs provide a comprehensive framework to capture the full value of GenAI investments, ensuring organizations can innovate confidently and responsibly. Discover how our approach and building blocks can drive your GenAI journey: (https://lnkd.in/gQNjs2mW). Read McKinsey's insights here: (https://lnkd.in/geZAgs6g) #GenAI #Innovation #DigitalTransformation #AI #EnterpriseAI #Impetus

Looking beyond current geopolitical and business turbulence, the CEOs of the world’s largest companies are increasingly confident and optimistic about the global economic outlook.   They are embracing AI and investing in reskilling their people to ensure they have the capabilities to successfully exploit new technologies.   These are the key findings of our 2024 CEO Insights study. The second in an annual series, the study interviewed nearly 300 CEOs from companies with turnover of more than $1 billion.   If you’d like to learn more about these insights, how they vary between regions and sectors, and ADL’s recommendations for growth, visit: https://lnkd.in/gXx_Xeg5   #CEOsurvey #AI #CEOInsight

Last year, we launched the first in our ongoing series of flagship “CEO Insights” research studies. Through hundreds of conversations and months of research, we looked to answer key questions, such as: How are CEOs reacting to current disruption? How has their outlook changed year-over-year? How are they structuring their strategies and organizations moving forward? Where are they investing for growth? How are they coping with pressing trends, such as AI and environmental, social, and governance (ESG)? Francesco P Marsella Petter Kilefors Maximilian Scherr Ralf Baron

A very interesting read for CEOs and other senior executives. I was fortunate to have been at a breakfast event at the Globe Theatre at which the key findings were presented and discussed in small groups with some of our CEO and Executive clients from a range of businesses. Whilst the report highlights considerable optimism from CEOs about the economic outlook, it is increasingly important to build resilience and effective risk management into decision making at all levels. Supply chain risk, geopolitical instability, sustainability challenges, climate change disruption, skills and resource shortages are increasingly high impact, and balancing these often competing challenges requires new ways of managing risk and resilience beyond just "managing a risk register".

How can CEOs and CROs leverage risk and resilience to navigate evolving challenges and accelerate performance? Arthur D. Little has just released its 2024 CEO Insights report, providing valuable insights into how global CEOs are navigating an uncertain world and driving growth through increased tech adoption and talent development. Here are 5 of the key themes that are broadly consistent across CEOs: 1️⃣ Positive future outlook: CEOs are increasingly confident about the global economic outlook despite ongoing challenges. 2️⃣ Navigating uncertainty with caution: CEOs are adopting resilient strategies and organizations to handle the volatile, uncertain, complex, and ambiguous [VUCA] world. 3️⃣ Preparing for the future: CEOs are embracing AI and reskilling their workforces to unlock growth potential. 4️⃣ Shift in priorities around ESG: CEOs are embedding ESG holistically across their organizations. 5️⃣ Leveraging risk and resilience: CEOs are focusing on building agile and ambidextrous organizations to succeed in a VUCA world. From a risk and resilience perspective, what does this mean for CEOs? The themes identify a stronger focus on: 🔹 Identifying and mitigating risks associated with geopolitical challenges and market volatility, technological disruption, and ESG challenges. 🔹 Building organizational agility and adaptability to respond to emerging threats and opportunities. 🔹 Fostering a culture of innovation and continuous improvement to drive performance. By investing in, and leveraging risk and resilience, organizations can not only navigate the uncertainties of today but unlock the opportunities of tomorrow. If you're interested in discussing the challenges your organisation might be facing, and exploring how Arthur D. Little might be able to support you, please reach out for a chat. #ADL #ArthurDLittle #RiskAndResilience #Performance

The CEO's focus on keywords like "digital," "agile," and "change" during my recent board meetings got me thinking. It underscores the critical need for businesses to embrace digital transformation to stay competitive and relevant. However, digital transformation often reveals a hidden challenge - organization capability. Many organizations lack structure and/or the skilled workforce required. Do you believe that AI presents a fascinating opportunity to tackle this challenge, Bridging the Skills Gap, Augmenting the Workforce, ....

#Breaking - US Business Activity Surges to 2-Year High, Inflation Concerns Loom Read more: https://lnkd.in/d5KzfEem #BusinessGrowth #InflationConcerns #EconomicTrends #MarketUpdate #ai #misinformation This article has been fact-checked by Oigetit ✅