BCG in the News

The Economic Times

The Role of Corporations in Achieving Net-Zero Targets

In The Economic Times, BCG’s Burak Tansan, Anirban Mukherjee, and Aliriza Sancar outline how corporations play a crucial role in achieving net-zero targets in emerging markets. By prioritizing their own net-zero goals, emerging-market companies can drive governments to move towards more sustainable practices. Tansan, Mukherjee, and Sancar also underscore the importance of multinational companies in upholding sustainability commitments.

CTV News

Addressing Mental Health in the Workplace

Commenting in CTV News, BCG’s Genevieve Bonin explains the lingering stigma around discussing mental health, particularly among young people. According to a BCG study, five million young professionals in Canada require mental health support. Organizations need to recognize the extent of this crisis, says Bonin, and develop overarching mental health strategies to support all employees.

Forbes

On Becoming a “Head’s Up Jew” at Work

Writing in Forbes, BCG’s Deborah Lovich discusses how she began to embrace a “heads up” approach to sharing her Jewish identity in the workplace. Despite her initial discomfort and fear of discrimination, Lovich was motivated by a sense of solidarity with colleagues to embrace her Jewish identity. “The transition from heads down to heads up made me realize how important it is to have a very broad understanding of workplace diversity and inclusion,” she says. “No two of us are alike. Don’t hide. Celebrate that fact.”

Gulf News

Gulf’s Legacy Banks Can Still Recast Themselves into New-Gen Digital Entities

Writing in Gulf News, BCG’s Bhavya Kumar and Martin Blechta outline why many banks are hesitant to fully engage with digital ecosystems. Concerns about cannibalization, the complexities of partner-based initiatives, and risks associated with departing from existing business models make it challenging for institutions to establish digital entities. Kumar and Blechta, however, say that by developing an ecosystem strategy, banks can leverage all the benefits of digital transformation and outperform competitors.

Bloomberg

The Future of the Collectibles Market

Commenting in Bloomberg, BCG’s Sarah Willersdorf discusses the impact of global economic volatility on the high-end collectibles market. Despite a current downturn in the market, she says collectibles will continue to hold their value in the long term. “The expectation is the [market] remains quite strong. It won’t be strong across everything, but it will be driven by the power brands and some more niche independent brands.”

Reuters

BCG and Intel Join Forces to Deliver Generative AI Solutions to Clients

In Reuters, BCG’s Suchitra Srinivasan discusses BCG’s strategic collaboration with Intel to provide enterprise clients with cutting-edge, secure, and responsible generative AI solutions at scale. BCG and Intel plan to start sharing some of the technology they’ve developed to help other companies to train AI systems using their own proprietary data without having to share it with Intel or BCG. Srinivasan says that industries with strict data storage and sharing regulations will benefit most from the joint offering.

The Wall Street Journal

Why Tech Startups Are Attracting Laid-Off Workers

Commenting in The Wall Street Journal, BCG’s Ruth Ebeling discusses why many recently laid-off employees from big tech companies are now exploring job opportunities at smaller tech startups. A number of tech workers view startups as an opportunity to broaden their skillsets and play a bigger role in decision-making. “While some of them go back into big tech, for others the industry has lost its luster,” Ebeling notes.

CNBC Squawk Box Asia

Why Companies Should Prioritize Responsible AI

In an interview with CNBC Squawk Box Asia, BCG’s Global Chair Rich Lesser highlights the challenges of harnessing artificial intelligence (AI) to establish competitive advantage while using the technology responsibly. Though there is significant potential in generative AI, Lesser notes that unanswered questions surround the implementation of this transformative technology. Many companies, he says, are “in this rapid experimentation phase to try and test what are the really winning propositions that they can embed in their business with their proprietary data.”

Business Standard

Asia-Pacific Is Set to Outpace US Fintech Market

Commenting in Business Standard, BCG’s Deepak Goyal, Saurabh Tripathi, and Yashraj Erande outline how the Asia-Pacific (APAC) region is poised to become the world’s top fintech market by 2030. According to a report from BCG and QED Investors, APAC has a projected compound annual growth rate (CAGR) of 27%, whereas the US has an estimated CAGR of just 17%. “Attractive demographics, native technology and engineering capabilities, and prudent regulations combined with the sheer necessity to innovate for accelerating the upliftment of a large mass of humanity make APAC the center of gravity for fintechs,” says Erande.

The Wall Street Journal

Protecting Privacy in AI-Driven Workplaces

Commenting in The Wall Street Journal, BCG’s Ajay Chowdhury says that companies must address concerns about privacy and security when implementing generative AI in the workplace. He suggests that companies create policies aimed at preventing employees from inputting sensitive data into AI chatbots and from sharing personal information. Despite the growing number of companies looking to implement AI-based tools, Chowdhury says that many are still unaware of the risks associated with the technology.

CNN: Quest Means Business

Will the Economy Define America’s 2024 Election?

In an interview with CNN’s Quest Means Business, BCG’s Global Chair Rich Lesser explains how the state of the job market and current economic headwinds could impact the next US presidential election. Lesser says that despite inflation, the economy will not be a defining factor for voters as geopolitical tensions and other contributing factors remain at the forefront. “Inflation is continuing to come down,” he notes, “and people tend to react to inflation on a very short-term basis.”

Modaes

La IA, la herramienta ignorada por los retailers para gestionar la cadena de suministro

Según el estudio realizado por el World Retail Congress (WRC) y Boston Consulting Group (BCG) los comerciantes minoristas podrían usar la IA para solucionar sus problemas de forma más fácil y efectiva. Joan Sol, socio y responsable de la práctica de Gran Consumo y Retail de BCG en España y Portugal afirma que "La gran mayoría de los distribuidores están pasando por alto la oportunidad de adoptar soluciones con tecnologías de inteligencia artificial", y describe la IA como "una ventaja competitiva que impulsará el negocio".