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BCG in the News

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    The National

    How Asset Managers Can Navigate an Evolving Industry

    Commenting in The National, BCG’s Markus Massi and Farouk El Hosni urge asset managers in the Middle East to transform their businesses and pursue alternative investments amid global macroeconomic headwinds. Despite assets under management in the region seeing a $100 billion increase in 2022, global assets under management fell by 10% to $98 trillion. As a result, Massi and El Hosni suggest that leaders reassess their organization’s operations to regain the profit growth they experienced in previous years.

    BBC News

    Addressing Workers’ AI Anxiety Through Upskilling

    Commenting in BBC News, BCG’s Jessica Apotheker discusses the differences in how business leaders and frontline staff perceive artificial intelligence (AI). According to a BCG survey, while 80% of leaders and managers report using generative AI on a weekly basis, only 20% of frontline staff regularly use the new technology. Apotheker emphasizes that organizations can address employees’ concerns and lack of familiarity with AI through upskilling.

    Business Standard

    Overcoming the Challenges of AI Implementation

    In an interview with India’s Business Standard, BCG’s Sylvain Duranton and Nipun Kalra explain that successful deployment of generative artificial intelligence (AI) requires a transformation of business operations. Many underestimate the complexities of AI implementation, say Duranton and Kalra. Therefore, companies should focus on specific areas of disruption, rather than attempting a widespread adoption of the technology.

    Los Angeles Times

    How to Fight a Post-COVID Plague of Undead Office Buildings

    Writing in the Los Angeles Times, BCG’s Santiago Ferrer outlines how the shift to remote and hybrid work has put many office buildings at risk of becoming “zombie buildings.” The decreased demand for office space has negatively impacted building owners and cities that rely on the tax revenue and economic activity generated by office workers. To address these challenges, Ferrer says that city leaders, property owners, and lenders must act to revitalize downtown areas and find new sources of revenue.

    The Jakarta Post

    The Business Value of Trustworthiness

    Writing in The Jakarta Post, BCG’s Davids Tjhin says that trust between consumers and businesses is increasingly important in the post-pandemic digital age. Trust not only has economic value, but also enables new products, services, and strategic moves. “Business leaders should prioritize trust in strategic considerations, utilize effective trust measurement tools, and build trust by delivering on their promises to stakeholders,” he asserts.

    CNBC International

    Upskilling Is Key to Empowering Workers to Use AI

    In an interview with CNBC International, BCG’s Nick South explains how chatbots like ChatGPT have boosted optimism towards artificial intelligence (AI). According to a BCG survey, while frontline workers are feeling more optimistic about AI than just five years ago, 86% believe upskilling is required to learn how to use it effectively. As AI’s impact expands across industries, South says it is increasingly important for individuals to experiment and familiarize themselves with the technology, and for organizations to provide training opportunities for their workforces.

    Fortune

    What Your Company Needs to Build a Winning “Deep Tech” Strategy

    Writing in Fortune, BCG’s François Candelon, Max Männig, John Paschkewitz, and Vinit Patel outline four requirements that are critical to ensure that companies succeed with deep tech. As technology advances and customer demands evolve, deep tech can enable businesses to create groundbreaking new products and processes. But to build a winning deep tech strategy, the authors stress that companies must develop a plan to manage the transition from old to new technologies.

    Europa Press

    Amaryllis Liampoti (BCG): "El boca a boca y las referencias siguen siendo poderosos canales para las empresas SaaS"

    El sector del 'Software como servicio' está creciendo a nivel global en torno a un 17% anual, pero las empresas B2B europeas que se dedican a este modelo de negocio crecieron a un ritmo más de diez veces superior y aumentaron sus ingresos un 179 por ciento en 2022. Las empresas B2B SaaS “ofrecen servicios a otras empresas a través de un modelo de suscripción”, con el que “generalmente proporcionan soluciones de software a las que se accede en línea, en lugar de instalar y mantener el software localmente”, explica a Europa Press Amaryllis Liampoti, Managing Director and Partner de BCG. Liampoti es también la autora del informe 'The BCG X Playbook: Winning Strategies of hypergrowth SaaS champions', en el que se analizan las estrategias que las empresas SaaS están empleando para lograr crecer en un entorno de mercado desafiante.

    Forbes

    Five Prerequisites for High-Performance Hybrid Work

    In her Forbes column, BCG’s Deborah Lovich identifies the most important prerequisites to make sure hybrid work benefits everyone involved. Hybrid work is the future for most offices, but building an effective hybrid workplace involves more than simply setting an organization-wide policy. “Instead of debating the number of days a week you want people in the office and measuring badge swipes, organizations should spend real time and effort making whatever version of hybrid they adopt really work.”

    The Edge Singapore

    Steering Towards a Sustainable Plastics Ecosystem in Singapore

    Writing in The Edge Singapore, BCG’s Arun Rajamani and Marc Schmidt outline how Singapore can build an adaptive circular framework that mitigates the environmental impacts of plastic waste. Given Singapore’s consumption-heavy economy and limited land availability, the authors cite the growing need for public and private stakeholders to develop and deploy innovative solutions for tackling plastics pollution effectively.

    Forbes

    Organizations Greatly Underestimate How Many of Their Employees Have Disabilities

    Forbes spotlights BCG research which reveals that organizations vastly underestimate the percentage of their workforce with disabilities. In a survey of nearly 28,000 employees across 16 countries, some 25% of respondents say they have a disability or health condition—significantly higher than the 4%–7% reported by most companies. Employees with disabilities also report lower levels of inclusion at work, emphasizing the need for organizations to invest in policies and programs that foster a more inclusive environment.

    Financial Times

    How Rebounding Tourism Will Impact Luxury’s Growth

    Commenting in the Financial Times, BCG’s Sarah Willersdorf highlights China’s impact on the growth of the luxury industry in the coming year. Chinese tourism to Europe—a big driver for luxury shopping—is beginning to return but still lags behind pre-pandemic levels. “As China continues to open up, where the tourist traffic flows will be very different,” she notes. Therefore, luxury brands will need to serve Chinese customers in cities outside Europe and the US.

    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.