🏆 Leading the Way in AI: KPMG Recognized as Industry Leader KPMG US has been recognized as the leading provider for quality in AI advice and implementation by Source in their annual U.S. survey of senior buyers of consulting services. This accolade is a testament to our dedicated investment in AI capabilities, aiming to empower our clients through transformative technologies. #GenerativeAI has shown remarkable capabilities in producing creative and innovative outputs. It has become an influential force across various industries, improving data analysis and decision-making in the #mergersandacquisitions space. Our teams of leading technologists, innovators, and industry specialists collaborate to deliver data-driven insights and tailor-made AI solutions that enhance operational efficiency, improve customer experiences, and refine decision-making processes across various industries. We are committed to helping clients navigate the complexities of today’s digital world and drive innovation by delivering solutions that create sustainable value and growth for our clients. Read full announcement here: https://lnkd.in/e7nJrauJ #GenerativeAI #AcquisitionStrategy #FutureofWork #Sustainability #Innovation #KPMGstrategy #KPMGDealAdvisory
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The most innovative companies are setting new benchmarks for success by utilizing #AI for predictive analytics and optimizing data workflows for faster #deals. However, translating this vision into reality is rarely straightforward. You’ve heard me mention our KPMG US findings that 70% of transformation efforts fail. So many companies falter amidst complex transformation initiatives, squandering both time and resources without yielding real benefits. The formula to success starts with preparing for victory from day one. This involves a cohesive, #integrated approach to performance management throughout the company. Forget isolated tech projects that do not deliver—focus on sustained, impactful results. 🔍 For example, forecast cycles are lengthy, causing stale assumptions and slow financial scenario analysis. Excessive sandbagging leads to inaccurate forecasts, while a lack of advanced tools and poorly defined business drivers result in missed opportunities. By adopting an approach that utilizes AI tools such as predictive algorithms and scenario modeling, companies can enhance forecasting by quickly analyzing large volumes of data, steadily improving accuracy. This business-led, technology-enabled practice can cut forecast turnaround times in half and increases accuracy by over 60%. Harnessing the power of #AI for predictive insights and optimizing data processes can accelerate decision-making, setting new standards for industry success. Discover how KPMG Intelligent Performance can elevate your company’s journey from strategy through execution. https://lnkd.in/eQbQQKP8 #KPMGDealAdvisory #MergersandAcquisitions #EnterprisePerformance #BusinessTransformation #AI #EnhancedForecasting #KPMGElevate
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Deloitte surveyed 2,800 respondents - from director to C-suite level executives - across six industries and sixteen countries to explore GenAI’s potential impact on enterprise-level companies. Interestingly, almost 80% of respondents expect GenAI to visibly transform their organizations in the next three years. Those surveyed also noted that access to technical talent is the number one barrier to Enterprise AI adoption, followed closely by regulatory compliance and governance issues. 🔎Check out the full survey here: https://hubs.li/Q02gPwG70 #genai #deloitte #ai
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GenAI remains the hot topic topping the charts for the forseeable future - CFO perspectives and KPMG’s point of view via Todd Lohr #KPMG #KPMGInnovation #GenAI
Grateful for the opportunity to speak to The Wall Street Journal about findings from the inaugural KPMG US AI and Digital Innovation quarterly pulse survey. Beyond just revenue, companies are including somewhat nontraditional metrics, like productivity gains and employee satisfaction, when calculating #ROI from their #GenAI pilots and experimentation. But to achieve the transformational outcomes that businesses expect from GenAI, and move into the next phase of adoption, they’ll need to invest more in areas like data security, governance frameworks, and workforce preparedness. Our study found that 97% of US companies surveyed with annual revenue of $1B+ plan to invest in GenAI in the next 12 months, and 43% plan to spend $100M or more. It might look like a leap of faith to some, but C-suite leaders and executives responsible for driving AI strategy can help their organizations realize the long-term benefits and value of their investment and instill a culture of innovation across the enterprise. Read the full article here. https://lnkd.in/d-bbxWya #KPMGTechnology #KPMGTrustedAI #GenerativeAI #AI #Innovation #DigitalTransformation
CFOs Tackle Thorny Calculus on Gen AI: What’s the Return on Investment?
wsj.com
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Grateful for the opportunity to speak to The Wall Street Journal about findings from the inaugural KPMG US AI and Digital Innovation quarterly pulse survey. Beyond just revenue, companies are including somewhat nontraditional metrics, like productivity gains and employee satisfaction, when calculating #ROI from their #GenAI pilots and experimentation. But to achieve the transformational outcomes that businesses expect from GenAI, and move into the next phase of adoption, they’ll need to invest more in areas like data security, governance frameworks, and workforce preparedness. Our study found that 97% of US companies surveyed with annual revenue of $1B+ plan to invest in GenAI in the next 12 months, and 43% plan to spend $100M or more. It might look like a leap of faith to some, but C-suite leaders and executives responsible for driving AI strategy can help their organizations realize the long-term benefits and value of their investment and instill a culture of innovation across the enterprise. Read the full article here. https://lnkd.in/d-bbxWya #KPMGTechnology #KPMGTrustedAI #GenerativeAI #AI #Innovation #DigitalTransformation
CFOs Tackle Thorny Calculus on Gen AI: What’s the Return on Investment?
wsj.com
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💡 With AI/GenAI increasingly embedding itself into commercial adoption and application, what steps are you and your organization taking to capitalize on such emerging insights and technologies? We’re currently at a tangible crossing point in business strategy, the unlocking of data and technology, and a revolution in human capital. This disruption has cultivated an ecosystem where: ⚡ Organizations are increasingly daring in their means to achieve efficiency, driven by the availability and accessibility of the technological means and expertise to realize such ambitions; and ⚡ Service providers supporting their clientele have even greater motivations to invest in the development of intelligent solutions, further stretching the technological frontier 🧠 In this upcoming 3-part knowledge bite series, we explore key organizational areas in which AI/GenAI has proved its worth, the challenges faced along the way and how you can best prepare and position yourself going forward. Having long held an active and vested role in this space, EY continues to be the trusted advisor to our clients when it comes to embracing and realizing AI/GenAI technologies, leveraging our technical expertise, understanding of practical applications and wealth of industry experience. For more information, refer to our spotlight on insights in AI. 🔗 https://lnkd.in/d7ujpUwU I’m very excited about this field and always happy to exchange insights with others - get in touch and lets discuss! #GenAI #AIinFinance #Financialtechnology #Techtrends #ArtificialIntelligence #EY Frank Geelen | Martin Wolleswinkel | Niklas Oldiges | Shahar Liebermensch | Shaun Wang | Sven Westeppe | Esther van Laarhoven-Smits | Jan Leitermann | Matthias Tischer |
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🌐 Transform Your Business with AI-Powered Predictive Analytics! 🚀 The most innovative companies are thriving by setting new benchmarks with #AI. Leveraging predictive analytics and optimizing data workflows accelerates #dealmaking and enhances performance. Yet, it's a challenging journey. Statistics from our KPMG US research show that 70% of transformation efforts don't meet their goals. 🎯 Success Formula: Start with a victory in mind. Employ a unified, #integrated strategy that focuses on impactful outcomes rather than isolated tech projects. 🔍 Impact in Action: Lengthy forecast cycles often lead to outdated assumptions. With AI-driven predictive algorithms and scenario modeling, companies are cutting forecast times by half and boosting accuracy by over 60%. Ready to set new industry standards? Explore how KPMG Intelligent Performance can propel your business from strategic planning to stellar execution: https://lnkd.in/emfkRjPE #KPMGDealAdvisory #MergersandAcquisitions #EnterprisePerformance #BusinessTransformation #EnhancedForecasting #KPMGElevate
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KPMG Partner | I build effective processes and teams that solve challenging operational and technology problems.
When you get an interview with The Wall Street Journal, you clearly have something to say. Todd Lohr, our US Technology Consulting Leader at KPMG, had something to say about AI and Digital Innovation and how our clients are tackling the opportunity. Hope you'll check it out! #AI #DigitalInnovation #KPMG #ArtificialIntelligence
Grateful for the opportunity to speak to The Wall Street Journal about findings from the inaugural KPMG US AI and Digital Innovation quarterly pulse survey. Beyond just revenue, companies are including somewhat nontraditional metrics, like productivity gains and employee satisfaction, when calculating #ROI from their #GenAI pilots and experimentation. But to achieve the transformational outcomes that businesses expect from GenAI, and move into the next phase of adoption, they’ll need to invest more in areas like data security, governance frameworks, and workforce preparedness. Our study found that 97% of US companies surveyed with annual revenue of $1B+ plan to invest in GenAI in the next 12 months, and 43% plan to spend $100M or more. It might look like a leap of faith to some, but C-suite leaders and executives responsible for driving AI strategy can help their organizations realize the long-term benefits and value of their investment and instill a culture of innovation across the enterprise. Read the full article here. https://lnkd.in/d-bbxWya #KPMGTechnology #KPMGTrustedAI #GenerativeAI #AI #Innovation #DigitalTransformation
CFOs Tackle Thorny Calculus on Gen AI: What’s the Return on Investment?
wsj.com
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Director - Procurement, Research and Margin Improvement (MBA,CSCP,CPSM,LEAN SIX SIGMA BLACK BELT, SCM PRO, SCMP, PMP)
It's fascinating to observe how AI is becoming a lucrative avenue for consulting firms, even before its full benefits are realized by corporations. The integration of AI is increasingly becoming a core component of many firms' operations. Notably, McKinsey & Company, Boston Consulting Group, and PwC are witnessing a substantial portion of their revenue stemming from AI-related services. PwC, for instance, is actively collaborating with 900 of its top 1,000 consulting clients to incorporate AI into their business strategies. McKinsey & Company recorded a remarkable revenue of $16 billion in 2023, with almost 40% of its work focused on AI applications. Boston Consulting Group, on the other hand, derives a fifth of its revenue from AI services, particularly in advising clients on GenAI initiatives. Despite the potential benefits, companies are still exploring the tangible advantages of AI, experiencing productivity enhancements ranging from 15% to 20% or even higher. However, it may take a company two to three years to fully realize significant efficiency improvements. #AI #ConsultingFirms #BusinessInnovation #pwc #mckinsey #bostonconsulting
AI advice is the new moneymaker for consultants. Here's what BCG, Bain, and Deloitte are telling clients. | Business Insider India
businessinsider.in
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Service Delivery Management | Client & Customer Management | People & Resource Management | Problem & Project Management | Disaster Recovery & Critical Escalation
🚀 Transform Your Business with AI: Insights from Top Consulting Firms! 🤖 This AI field isn’t just great—it's where you get to shape the future! 🚀🔮 Summary: The What: Companies are turning to consulting firms like PwC, McKinsey, and BCG to effectively integrate AI and Generative AI into their operations. 🌐 The How: Consultants advise on AI strategy 📊, data management 📂, employee training 👩🏫, and regulatory compliance 📜. The Why: Businesses aim to drive productivity gains (up to 50%) 📈, efficiency ⚡, and innovation 💡 in customer experiences. Mitigation Strategies: Addressing data governance 🔒, privacy 🛡️, and bias ⚖️ concerns are crucial for successful AI deployment. Call to Action: Ready to revolutionize your business with AI? Partner with leading consultancies to unlock your potential! 🚀 What It Will Accomplish: Achieve significant efficiency gains ⚡ and financial benefits 💰 within 2-3 years. Potential Revenue: AI-driven productivity improvements can lead to substantial financial returns 💵 and competitive advantage 🏆. #AI #ArtificialIntelligence #GenerativeAI #BusinessTransformation #Consulting #PwC #McKinsey #BCG #AIstrategy #DataManagement #EmployeeTraining #RegulatoryCompliance #Productivity #Efficiency #Innovation #DataGovernance #Privacy #BiasMitigation #TechConsulting #FutureOfWork #DigitalTransformation #BusinessGrowth #CompetitiveAdvantage #FinancialBenefits #AIinBusiness #TechTrends
AI advice is the new moneymaker for consultants. Here's what BCG, Bain, and Deloitte are telling clients.
msn.com
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AI & Data Leader at Deloitte | Driving Transformation with Cutting-Edge Solutions | Boosting Business Outcomes in 🇨🇭 | Top Global Tech Influencer
𝐈𝐬 𝐃𝐞𝐥𝐨𝐢𝐭𝐭𝐞’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐀𝐈 𝐌𝐨𝐯𝐞 𝐰𝐢𝐭𝐡 𝐀𝐧𝐭𝐡𝐫𝐨𝐩𝐢𝐜 𝐚𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐞𝐫? We, Deloitte, are excited to launch our partnership with #Anthropic, bringing cutting-edge #GenAI directly tailored to our clients' specific industry needs. 🌟 𝐂𝐮𝐬𝐭𝐨𝐦 𝐀𝐈 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Imagine an AI that understands the unique challenges in your industry. For finance clients, this means AI that can speed up risk assessments and fraud detection, directly impacting your bottom line. In healthcare, this AI could personalize patient care plans in real-time, significantly improving treatment outcomes. 🛠️ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐌𝐚𝐤𝐢𝐧𝐠: With over 15,000 Deloitte professionals trained on Anthropic's #Claude model family, we're equipped to help you harness AI for smarter decision-making. Whether it's optimizing supply chain logistics or predicting market trends, our team is ready to assist. 🔍 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Reduce operational costs and increase efficiency. AI can automate routine tasks, from data entry in legal and finance sectors to predictive maintenance in manufacturing, freeing your team to focus on strategic initiatives. 🔐 𝐓𝐫𝐮𝐬𝐭𝐞𝐝 𝐀𝐈 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤: Rely on AI applications that are not only powerful but also built with the highest standards of ethics and compliance, especially critical in highly regulated industries like finance and healthcare. 🌍 𝐒𝐜𝐚𝐥𝐚𝐛𝐥𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬: Prepare for the future by integrating AI that scales with your growth. Whether it's expanding into new markets or innovating existing products, our AI solutions adapt to your evolving business needs. Stay tuned as we leverage this partnership to propel your business forward with AI-driven innovations! #Deloitte #AI #Technology #BusinessTransformation ¦ #StrongerTogether 𝐶𝑟𝑒𝑑𝑖𝑡𝑠 𝑡𝑜 𝑠𝑢𝑟𝑟𝑒𝑎𝑙𝑎𝑟𝑡𝑠𝑡𝑜𝑟𝑖𝑒𝑠
