Press Releases

1036 Results
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    Just 14% of Frontline Employees Have Received Training to Address How AI Will Change Their Jobs, but 86% of Employees Say They’ll Need It

    BCG Surveyed 12,800 Frontline Employees, Managers, and Leaders in 18 Countries Around the World to Understand How the Evolution of AI Has Impacted the WorkplaceWhen Asked About AI’s Impact on Work, 52% of All Respondents Ranked Optimism as One of their Top Two Sentiments – A 17-Point Jump From 2018Just 14% of Frontline Employees Say They Have Already Gone Through Upskilling, Compared With 44% of Leaders36% of Respondents Believe AI Will Eliminate Their Jobs71% of All Respondents Believe the Rewards of Generative AI Outweigh the Risks, but 79% Believe AI-Specific Regulations Are NecessaryBOSTON—From ChatGPT to DALL-E and all the technologies in between, the new wave of generative artificial intelligence (GenAI) systems is transforming business at a rapid pace. While employees are optimistic about how AI—and generative AI, in particular—will affect their work, feelings vary considerably by seniority and by country, according to new research released today by Boston Consulting Group (BCG).

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    End-to-End, Third-Party Operating Models Deployed by Wealth and Asset Managers Are Transforming the Industry

    New Report by BCG and FNZ Explores How a New Breed of End-to-End, Third-Party Operating Models Can Alleviate Pressures Along Value Chains, Achieve Meaningful Impact, and Create Competitive AdvantageLeveraging Third-Party Operating Models Can Create New and Innovative Business Models, Generate New Revenue Streams, and Deliver Significant Operating Cost Savings of Up to 30%BOSTON—After a long period of consistent profitability, the wealth and asset management sector is facing rising costs, shrinking margins, and intensifying consumer demands. Firms are looking for ways to accelerate their digital transformations, bring more of what their clients want to the table, and bolster assets under management—all in the most cost-efficient way. According to a new report by Boston Consulting Group (BCG) and global end-to-end wealth platform provider, FNZ, a new breed of end-to-end third-party operating models deployed by wealth and asset managers could deliver significant cost savings, create new and innovative business models, and generate new revenue streams.