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BCG in the News

947 Results

    Fortune

    Strategically Pricing AI Tools During Innovation

    In Fortune, BCG’s John Pineda discusses how to match AI tools with the right pricing strategy. He suggests setting a fixed price for tasks that would be completely automated by AI, and utilizing a subscription model for tasks where AI would be leveraged to boost human efficiency. Pineda emphasizes that businesses shouldn’t be so focused on the costs of AI that it impedes innovation. “Get people using it, trying it, and testing it, [to] come up with their own ideas of what they can do with the technology,” he says.

    TimesLIVE

    Most Consumers Are Excited About GenAI at Work, But Are South Africans?

    In TimesLIVE, BCG’s Aparna Bharadwaj, Jessica Apotheker, and Nicolas de Bellefonds comment on a BCG report which found that 70% of global consumers are excited about GenAI in the workplace, but only 43% are enthusiastic about its impact on daily life. In terms of general perceptions globally, 43% of people are excited about GenAI, while 28% are conflicted, and 29% are concerned. In South Africa, however, consumers are more apprehensive about GenAI: just 38% are excited, 42% are conflicted, and 20% are concerned.

    Australian Financial Review

    Which Countries and Cities Are Most Attractive to Global Workers?

    In Fortune and the Australian Financial Review, BCG’s Nick South and Nicole Sibilio explain what workers are looking for when searching abroad for a job. According to a new report from BCG, The Network, and The Stepstone Group, which surveyed more than 150,000 people in 188 countries, Australia tops the list as the most desirable country for workers, and London ranks as the most attractive city. South and Sibilio cite the quality of job opportunities and the quality of life as the primary reasons that workers gravitate toward these destinations.

    Financial Times

    BCG’s Leap Into AI

    In interviews with Bloomberg and the Financial Times, BCG’s CEO Christoph Schweizer speaks about the firm’s investments in its AI business to help clients and employees leverage the transformative technology. He states that 20% of BCG’s revenue in 2024 now comes from AI and GenAI. Schweizer is vocal about also integrating AI within BCG, not just advising clients on how to scale the technology. “We are taking our own medicine,” he says.

    The Economic Times

    Three Indian Companies Rank Among the World’s Top Value Creators

    In The Economic Times, BCG’s Akshay Kohli breaks down which companies globally are driving the most value for shareholders, based on BCG’s 2024 Value Creators Rankings. He explains that technology and tech-related industries dominate the rankings, in part due to investor excitement around GenAI. “India has been at the forefront of this charge across the global markets,” Kohli says. As a result, three Indian companies are included in the list of the 25 companies creating the most value around the world.

    Forbes

    Are Coders’ Jobs at Risk? AI’s Impact on the Future of Programming

    In his column for Forbes, BCG’s Sylvain Duranton explains that while AI will automate low-level developer tasks, industry experts will be even more important than before. Experts must provide the architectural vision and direction for AI, and human oversight of AI-written code will be necessary for quality assurance, testing, and cybersecurity. “While AI may eventually take over the writing of all code, we will still need people who can understand that code to review and maintain it,” notes Duranton.

    Bloomberg

    C-Suite Concerns and Priorities for 2024

    On the Bloomberg Businessweek podcast, BCG’s Global Chair Rich Lesser discusses the top priorities for CEOs today. He explains that their views on risk flipped over the past year: previously, fears of recession weighed the heaviest on CEOs’ minds; but now, geopolitics is their top concern. While C-suite executives have adapted to the many challenges posed by geopolitical conflicts, this was not always the norm. “We’ve almost come to expect this level of uncertainty and disruption and risk,” Lesser says.

    Harvard Business Review

    Harvard Business Review Awards Top Prize to BCG-Authored Article

    Harvard Business Review (HBR) has announced that “Reskilling in the Age of AI,” which featured BCG’s Sagar Goel and Orsolya Kovács-Ondrejkovic among its coauthors, has received the 2023 HBR Prize honoring the magazine’s best article of the year. In the winning piece, Goel, Kovács-Ondrejkovic, and their fellow coauthors write: “To adapt in the years ahead to the rapidly accelerating pace of technological change, companies will have to develop ways to learn—in a systematic, rigorous, experimental, and long-term way—from the many reskilling investments that are being made today.”

    Fortune

    The Next Evolution of AI Is Already Here–and Hiding in Plain Sight

    In Fortune, BCG’s François Candelon, Leonid Zhukov, Namrata Rajagopal, and David Zuluaga Martínez write that AI’s future hinges on the strategic integration of a wide range of technologies through a “One-AI approach.” BCG research has found that mature AI companies are twice as likely as their less experienced counterparts to use a One-AI approach to scale applications. “The latent power of using AI in its full range of capabilities is clear; companies just need to take a big picture view and organize accordingly to realize that potential,” the authors write.

    China Daily

    New Energy Vehicles Power the Future of Hong Kong’s Automotive Industry

    In an interview with China Daily, BCG’s Eric Li speaks about how Hong Kong can help encourage the widespread adoption of new energy vehicles. In 2021, Hong Kong’s Special Administrative Region government unveiled plans aimed at stopping new registrations of fuel-propelled and hybrid vehicles by 2035. Li explains that Hong Kong can accelerate development of electric vehicles (EVs) by maintaining proactive industrial policies for users and improving infrastructure to support EVs.

    The New York Times

    A Path to Solving Carbon Emissions

    In The New York Times, BCG’s Global Chair Rich Lesser explains why more companies will purchase carbon removal credits in the coming years. BCG research forecasts that the market for carbon dioxide removal (CDR) technologies will grow from less than $10 billion today to as much as $135 billion by 2040. While CDR alone won’t solve the climate crisis, many scientists believe that removal of excess carbon dioxide will be necessary. “No one is arguing that you could solve all our carbon emissions with this,” Lesser says. “But it could be a meaningful part of solving a huge problem.”

    Fortune

    Childcare Benefits Companies, Too

    In Fortune, BCG’s Emily Kos discusses the importance—and the economic value—of employers providing childcare benefits to their employees. Research from a new report by BCG and Moms First reveals that US-based companies that do so can experience a return on investment (ROI) ranging from 90% to 425%. Noting the different ways that employers can customize childcare benefits for their employees, Kos says, “There’s a solution out there that would be ROI positive for companies as long as they’re being thoughtful about how they match their benefits to their workforce.”

    The Edge Singapore

    Your Organization Needs a Better Business Building Strategy

    In The Edge Singapore, BCG’s Hanno Stegmann writes that despite recent economic growth in Asia Pacific (APAC), effective business building is necessary for the region’s continued success. BCG research projects that APAC will account for 60% of global GDP growth in 2024. For organizations that wish to leverage this opportunity, Stegmann outlines nine strategic assets to maximize effective business building. “Companies should embed a proper business building methodology backed by an innovation mentality if they want to achieve success,” he says.

    Nikkei Asia

    Digital Economy Opens Doors for Southeast Asia

    In Nikkei Asia, BCG’s Global Chair Rich Lesser explains that the Association of Southeast Asian Nations (ASEAN) is on the cusp of a digital transformation, but must first upskill their labor force across all industries—not just hardware, software, and telecommunications. BCG forecasts that the value of ASEAN’s digital industries will increase from $300 billion to $1 trillion by 2030. “ASEAN, like other parts of the world, will have to invest to upskill and reskill the current generations of workers and to offer different kinds of learning and skills development to younger people to make them prepared,” Lesser says.