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ReinventionintheageofgenerativeAI
Executivesummary
Authors
>
JackAzagury
GroupChiefExecutive–Strategy&Consulting
OliverWright
SeniorManagingDirector–
ConsumerGoods&Services,GlobalLead
MuqsitAshraf
Lead–Strategy
KarenFangGrant
GlobalResearchLead–
IndustryNetworks&Programs
MikeMoore
PrincipalDirector–AccentureResearch
ReinventionintheageofgenerativeAI
2
ReinventionintheageofgenerativeAI
Formanycompanies,thenext12to24monthswillbeamomentoftruth:havetheirtechnologyinvestmentsandinvestmentsinnewleadership,talent,moreefficientcoststructuresandagilityputtheminapositiontoleapfrogcompetitorsusingthepowersofgenerativeAItoreinventtheircompaniesandtheirindustriesandsetnew
performancefrontiers?
ThegenerativeAIrevolutionwillrequireboards,theCEO
andentireC-suitetounderstandthistechnologyatalevelnotpreviouslyseen—andthatisdespitethefactthatthedigitalrevolutionhasalreadyreshapedtheC-suitetobetechliterate.
Thisisnotyouraveragetechnologyrevolution.
3
Reinventionasthe
strategyforsuccess
In2022,
wepredicted
thatcompaniesthatembracereinventionasastrategyusingtechnology,dataandAIwouldleadinthecomingdecade.
Inearly2023,
wesetabaseline
forwherecompanieswereagainstthatambitionofbecomingReinventorsandtheextenttowhichtheywereexpectedto
outperformtherest.Atthesametime,generativeAI—andspecificallyChatGPT—explodedontothescene.
Atthetimeofwritinginearly2024,basedonourclientexperienceandresearch,wepredictthatoverthecoming12-24monthstherewillbeasignificantuptickincompaniesthatembracegenerativeAIasacatalystforreinvention.
WhyisgenerativeAIdifferentfromothertechnologicalinnovationswe’veseeninrecentyears?Thistechnologyhasthepowertoreinventeveryfacetofan
organization.Thisisnew.WeexpectthatnewReinventorswillemergeandsomeofthecurrentonesmaybedisplaced,withthenumberofReinventorsgrowingoverall.Throughourwork,weseeempiricalevidencethatthistrendisalreadyinmotion,particularlyasgenerativeAIrapidlydisruptseveryindustry.
>
ReinventionintheageofgenerativeAI
4
Reinventorsarepullingahead
Let’sstartbylookingatthemostrecentevidencethatreinventionisbecomingthedefaultstrategyfortheworld’sleadingorganizations.
Asmallnumberof“Reinventors”(9%)havealreadymetthehighbarofbuildingthecapabilityfor
continuousreinvention.
They’remakingswiftprogressinexecutingtheirstrategyandsettingouttodefineanewperformancefrontier—
withtechnologyatthecoreoftheirreinventionjourney.Whilethisisarelativelysmallrisefrom8%lastyear,we
seebiggerchangewhenexaminingthedataincloser
detail.Amongthelargestcompanies,especiallythose
withrevenueover$50bn,thenumberofReinventorshasquadrupled(increasedby14percentagepointsfrom4%)inthepastyear.Industrygiantsarenotstandingstill.
Unlikethedigitalrevolution,thelargestcompanies
aretakinganearlyleadbyleveragingtheirsubstantialinvestmentinbuildingtheirdigitalcoreandresources.
Mostorganizationsarestillatthebeginningoftheir
reinventionjourney,withfewreinventingatscaletoday.Similartolastyear,themajority(81%)are“Transformers.”Transformersshouldkeepgoing.Theyaretakingmanyoftherightstepstowardreinvention.However,theyarelesslikelytobebuildingsustainablecapabilitiestoreinvent
continuouslyandmaybemissingthespeedandcostefficienciesfromaconnectedstrategyofreinvention.Andwealsoseeafinancialperformancedifference,
withReinventorspullingahead.Theremaining10%of"Optimizers"areorganizationswherereinventionisn'tcurrentlyapriority.
TwoindustriessawdoubledigitincreasesinthenumberofReinventors:softwareandplatformsup34percentagepointsto43%,andlifesciencesup13percentagepointsto20%.ThiscorrespondswithwhatweseeatAccenture.Acrossouralmost700generativeAIengagements,
softwareandplatformsandlifesciencesareamongthemostactiveindustries.
Regardlessofwheretheyareontheirjourney,all
companiesfacedisruption.TheannualAccenturePulseofChangeIndexfoundtherateofchangeaffecting
businesseshasrisensteadilysince2019—183%overthepastfouryearsand33%inthepastyearalone.1Inresponse,83%oforganizationshaveacceleratedtheexecutionoftheirtransformationsincelastyear.
Despitethisstateddesireforacceleration,Reinventorscontinuetooutpacetherestandextendtheir
leadershipposition.Almosthalf(46%)ofReinventors
havesignificantlyacceleratedtheexecutionoftheir
reinventionstrategy,comparedtothe7%ofTransformersthathavesignificantlyacceleratedtheirtransformation
program.AndReinventorsexpect20%ofthevaluefromreinventiontobereleasedwithinsixmonthsand45%
within12months—a1.6timesincreaseinpacefromjustayearago(seeFigure1).
ReinventionintheageofgenerativeAI
>
5
Figure1
ReinventionintheageofgenerativeAI
Organizationsareacceleratingtheexecutionoftheirreinventionstrategyortransformationprogramanddeliveringresultsquicker—butReinventorscontinuetooutpacetherest.
Whatproportionofthefinancialvaluefromyourreinventionstrategy
and/ortransformationprogramhaveyouordoyouexpecttobedeliveredineachtimeperiod?(%offinancialvaluereleased)
Within6months7-12months
Hasyourorganization’sreinventionstrategyand/ortransformationprogram
acceleratedordeceleratedoverthepastyearinresponsetoexternaldisruption?(%ofrespondents1)
AcceleratedSignificantlyaccelerated
Reinventors:
28%
1.6x
Transformers:
25%
1.6x
11%17%
2023
2024
2023
2024
study
study
study
study
Reinventors
+Transformers
72%11%
20%
45%
25%
7%
Transformers
75%
41%
46%
Reinventors
9%16%
6.6x
17%
40%
23%
1)Datanotshownforsignificantlydecelerated,deceleratedornoimpact.
Source:Accenturereinventionsurvey,Oct-Nov2023.Samplesize:Total,1,500;Reinventors,136;Transformers,1,210.
>6
>7
Reinventors’revenuegrowthisprojectedtooutpacethat
ofallothers.Accenture’sanalysisfoundthatReinventors
increasedrevenuesby15percentagepointsmorethantherestofthesurveyrespondentsbetween2019and2022.
WeexpectthegapinrevenuegrowthbetweenReinventorsandtheresttoincreaseby2.4timesto37percentage
pointsby2026(seeFigure2).
Thegrowingperformancegapcreatesanimperativefor
otherorganizationstofindnewwaystofurtheracceleratetheirreinvention.
Figure2
ReinventionintheageofgenerativeAI
Reinventorsexpecttogrowthevaluegaptotherest
Revenuegrowth,indexed(2019=100)
200
180
160
140
120
100
ReinventorsAllothers(Transformers+Optimizers)
Expected
2.4x
increase
+15pp
Revenue
growthgap
Revenuegrowthgaptoallothersby2022
+37pp
Revenuegrowthgaptoallothersby2026
20192020202120222023202420252026
Source:2019-22=CAGRbasedonactuals.2023-26=selfreportedexpectationsfromAccenturereinventionsurvey,stress-testedvs.analystexpectations.
ReinenvetionintheageofgenerenerativeAI
REINVENTIONINACTION
BBVA:Aboldnewfuture
BancoBilbaoVizcayaArgentaria(BBVA)hasreinventeditselffromatraditionalneighborhoodbankintoadigitalpowerhouse.
BBVAlaunchedanagiletransformationprogramtobreakdownorganizational
barriersandenablecross-functionalcollaboration.CoachesworkedwithBBVA’speopletoembedagileprinciplesthroughoutthebusiness.Today,thebankhasaflexibletalentpoolfromwhichpeoplecanbeassignedtothehighest-priorityprojectsorprocessesatanygiventime.
BBVAisusingAmazonWebServicestocreateanewdataplatformthatwillbe
deployedglobally,providingallbusinessunitswithaunifiedviewoftheirdataand
accesstomoreefficientdataprocessing,analysisandinsights.Theuseofbank-widedataandAIdeliversaholisticviewofthecurrentandlifetimeprofitability—and
likelybehavior—ofeverycustomer.IthasalsoenabledBBVAtoevolvefromsimplyofferingdigitalservicestodevelopingandsellingnewdigitalbankingproductsandofferingleadingfinancialhealthtools.Forexample,BBVAValoraprovidesuserswithrecommendedpurchaseorrentalpricesforaspecificproperty.Twooutofthree
mortgagessoldbyBBVAaretocustomersthatusedBBVAValora.
BBVAisalsoabletooffer“one-clickloans,”whichprovidepersonalizedand
contextualpre-approvedloansandpotentialsame-dayfundingforbothcustomersandnon-customers.AndBBVA’sclientonboardingprocessnowtakesjustafew
minutes(versusafewdaysatmostotherbanks).Thishascontributedtoa150%growthinnewcustomers.
Today,nearly50millionBBVAcustomersinteractwiththebankthroughdigital
channels,andsevenoutof10salesaremadedigitally.Cost-to-incomehasdroppedto43%(17percentagepointsundertheEuropeanaverage)andit’sbeennamed
BestGlobalBankoftheYearbyTheBanker.
8
ReinventionintheageofgenerativeAI
GenerativeAIenablesand
acceleratesreinvention
9
GenerativeAIcandelivervalueatscale
GenerativeAIisnotyouraveragetechnologyrevolution.Inthelastseveraldecades,wehavenotseena
technologythathasthepotentialtoimpactmaterially
everyaspectofacompany—thisiswhyweconnect
generativeAIandreinvention.Forthosecompaniesthatdeploythistechnologytoitsfullpotential,theywill,
bydefinition,reinventthemselves.Atthesametime,theonlywaytodeployittoitsfullpotential,isto
embracetheneedtoreinventprocessesandtalent,whilemanagingthetechnologythroughanew
capabilitycommonlyreferredtoasresponsibleAIandwithadigitalcorethathasanewlayer—adataandgenerativeAIbackbone.
Andsomeunderstandthispotentialandare
takingactionstowin.WeareseeingthisamongtheReinventors,andalsoamongagroupof
theTransformers.
Ourresearchshowsthatmostcompaniesapply
generativeAIinawaythatisfocusedonthosewell-known,no-regretmoveslikecontentgenerationor
customercare,withlimitedfocusonnovel,strategicbets.Butasmallerfractionofcompaniestakea
morebalancedview,focusinggenerativeAIonthoseno-regretareas,butalsoputtingsignificantfocus
onstrategicscaledbets.
WhatReinventorsknow:
•GenerativeAIisuniqueinitsabilitytoimpact
theentirevaluechainanddrivebothproductivityandgrowthinawaythatcanresetthe
performancefrontier.
•TheonlywaytousegenerativeAItoachieve
reinventionistoconnectitwithothertechnology.Tochangewhattheydo—theirprocessesand
thewaytheyapproachtalent.Allofit.
>
GenerativeAIhasbecomeanextraordinaryforceinenablingreinventionandacceleratingorganizations’progresstowardanewperformancefrontier.
Technologyisthetopleverforreinventionfor
98%oforganizations,withgenerativeAInowseenasoneofthemainleversfor82%ofthoseorganizations.
Wesawthat2023wastheyearofeducationand
experimentationwithgenerativeAI.Movingforward,2024istheyearofstrengtheningthefoundation
forgenerativeAIanddeliveringvalueatscale.An
overwhelmingmajority(97%)ofexecutivesbelieve
generativeAIwilltransformtheirenterprisesand
industries,andwillplayamajorroleintheirstrategiesoverthenextthreetofiveyears.Ofthose,only31%
havealreadymade“significant”investmentsintheir
AIinitiatives,but99%plantoamplifytheirinvestmentinthistechnology.2
ReinventionintheageofgenerativeAI
10
>11
TheproliferationofAIinbusiness—generativeAIinparticular—isacceleratingboththepotentialofandtheneedforreinvention.Thisisduetoitscapacitytoalloworganizationstoredefinetheir
reinventionambitions,anditspotentialtodrivefundamentaldisruptionwithineveryindustry.
Acrossalmost700clientengagements,wesee
softwareandplatforms,banking,communicationsandmedia,andlifesciencesasamongthemost
activeindustries.OurclientsaremostfrequentlyapplyinggenerativeAItodayforcontentcreation,ITandassistedsoftwaredevelopment,knowledgeretrieval,andcustomerserviceandcontact
centers.AndReinventorsaregoingfurther,
usinggenerativeAItoreinventmorestrategic
areasofthebusiness.Newcapabilitiesarebeingintroducedatanunprecedentedpace.Across
thetechecosystem,newfoundationmodelsareintroducedalmosteveryweek,leadingtoheightenedclientinterestandadoption.
ReinventionintheageofgenerativeAI
It’shardtooverstatehowsignificantgenerative
AI’scontributiontotheworldmightbe.It
canmakethepreviouslyimpossible,possible
—includingbiggerandbolderreinvention
andformerlyunimaginableopportunitiesfor
productivity,innovation,experiences,decisionmakingandgrowth.Ourmodelingshowsthat44%ofworkinghoursintheUSareinscopeforautomationoraugmentationbyapplyingthe
technology.3Furthermore,generativeAIcan
helpbuildconnectivetissueacrossenterprisesbyunlockingdata,organizationalandprocesssiloesthroughitsabilitytoseamlesslyconnectandprocessalargevolumeofstructured,
unstructuredandevensyntheticdata.
Scaledeploymentsarealreadydeliveringstep-changeresultsasthefollowing
examplesillustrate:
3Mhourssaved
Agovernmentagencyresponsiblyusedthelatesttechnologytodeliverautomationsatspeedandscale,savingthreemillionoperationalhours,
whilehelpingaworkforceofnearly90,000peoplebetterservemorethan20millioncitizens.
16Mcustomerofferings
Abankdelivered16millionhyper-personalizedofferingstocustomerswithinthreemonthsof
buildingagenerativeAI-poweredmarketingsolution.
+10%revenues
Aninsurerreinventedtheentireworkflowof
underwriting—fromautomaticallyroutingemailstocreatinginsurancequotesbasedonpolicyholders’specificneeds—withearlyresultsindicatingthat
arevenueincreaseofupto10%ispossible.
>
GenerativeAIispredictedtoenablecompaniestoleapfrogtoday’sleadersoverthenextfiveyears.
AmongTransformers,asmall,highlymotivatedgroupof
"AcceleratedTransformers"planstoapplygenerativeAI
twiceasintensivelyastoday’sReinventors.ThismeansthattheyplantousegenerativeAItoreinventmoreoftheir
functionsandbusinessareasacrosstheenterprise.Thesecompaniesareprojectedtoderiveamuchmoresignificantperformanceimpactfromtheirdeployment.Infact,thesefutureReinventorsareonapathtocatchupandeven
overtaketherevenuegrowthrateoftoday’sReinventorswithinthenextfiveyears(seeFigure3).
Mostexecutivesgraspthescaleoftheopportunitythis
presents;howeveronly15%seegenerativeAIasathreat.Thisasymmetryisconcerning.Organizationsneedto
bereadytocapturethegenerativeAIopportunitybutnotunderestimatehowthistechnologywillupendtheirindustryandcompetitiveadvantage.
ReinventionintheageofgenerativeAI
12
>13
Figure3
ReinventionintheageofgenerativeAI
GenerativeAIcanactasacatalystforchange,enablingasubsetofAcceleratedTransformerstoclosethevaluegaptotoday’sReinventors.
IdentifyingAcceleratedTransformers
AcceleratedTransformers1
20%
Expectedconsistentoutperformancevs.industrypeers,2023-26
2xexpectedintensityofapplyinggenAItofundamentallyreinventhowtheyoperatevs.today’s
Reinventors(basedon#ofbusinessareasimpactedandperformance
impactinthoseareas)2
80%
OtherTransformers
FinancialvaluegapbetweenReinventorsandAcceleratedTransformers3
Indexedrevenuegrowth(2019=100)
Reinventors(n=136)AcceleratedTransformers(n-243)
240
220
200
180
160
140
120
100
Expected
+18pp
Revenuegrowthgapby2022
+7pp
Revenuegrowthgapby2026
2019202020212022202320242025202620272028
1)Identifiedbasedonexpectedoutperformancevs.industrypeersfrom2023-26.2)Measuredbasedonthenumberoffunctions/businessareasexpectedtobefundamentallyreinventedusinggenAIandtheextentofperformanceimpactinthoseareas.3)2019-22=CAGRbasedonactuals.2023-26=self-reportedexpectationsstress-testedvs.analystexpectations.Source:Accenturereinventionsurvey,Oct-Nov2023.Samplesize:Total,1,500;Reinventors,136;AcceleratedTransformers,243.
ReinventionintheageofgenerativeAI
Thepictureof
successandhowtoachieveit
14
ReinventionintheageofgenerativeAI
01/
CompaniesmustbeabletousegenerativeAItoreinvent.Itisbynomeanstheonlytechnologyandwillnotbethelasttechnologybreakthrough.Itiscleartous,however,thatitistablestakesfor
success,andcompanieswillcompeteonhowfasttheyareabletoharnessanddeployittocreatematerialvalue.Thisisarealitythatnoteveryonehasyetembraced.Theywill.
Successwillrequireanobjective,unemotionalapproachbyeveryCEOandherorhisteamtoassesswheretheyaretodayintheir
competitiveset,andthensystematicallyexecuteareinventionstrategywithfiveimperativesthatcanbebroadlyapplied.
HerewedescribethemonlyinthecontextofgenerativeAIwithclientexamples.
Notethattoday,wegenerallyfindclientsattheC-suitefocusedonleadingwithvalueandtalent.ThereisnotenoughunderstandingofthedigitalcorebeyondtheCIO,andweseeagapinfocus,
investmentandspeedonresponsibleAI.Generally,onlyReinventorsareembracingcontinuousreinventionastheirstrategyandbuildingthecapabilitiestoenableitwithurgency.
Leadwithvalue
02/
UnderstandanddevelopanAI-enabled,securedigitalcore
03/
Reinventtalentandwaysofworking
04/
ClosethegaponresponsibleAI
05/
Drivecontinuousreinvention
15
01/
Leadwithvalue
Shiftthefocusfromsiloeduse-casestoprioritizingbusiness
capabilitiesacrosstheentirevaluechain,basedonanobjectiveassessmentofthebusinesscase,enterprisereadinessandthecorrespondingreturnoninvestment.
Companiescanpursueinvestmentsintwocategories:table-stakesinvestmentsthatofferproductivityimprovementsandstrategicbetsthatoffertrulynovelcompetitiveadvantageincludingreshaping
howindustriesoperate.Forthosewithoutastrongdigitalcore,thefirstoptionwillbeamustdo,leveraginggenerativeAIbuiltinto
theirexistingplatformswhiletheyrapidlyacceleratetheirdigital
corebuildout.Forthosewithastrongdigitalcore,theywillneedtoevaluatethepaceofboth—thereisno“easy”buttontoapply
generativeAI,whetheritisforproductivityormorestrategicuses.
>
Actions
•Understandthepotentialtoreinventyourvaluechainanddevelopend-to-endbusinesscapabilitiespoweredby
generativeAIandnewwaysofworking.Beintentionalinexecutingontheroadmapversusthemorecommon
function-by-functionfocusonindividualusecasesweseeatmanyclients.
•Bevalue-ledineverybusinesscapabilityyouchooseto
reinventwithgenerativeAI.ToomanyclientshavepilotsandproofsofconceptswithnoC-suiteapprovedmechanismto
evaluatebusinessvalue.Wehaveseenthismoviebefore.Rapidinterventionsareneededtomovefromhypetomaterialvalue,andchoicesneedtobemade.
•Identifystrategicbetswherethetechnologycreates
differentiatedsourcesofvaluethatcan’tbeeasilycapturedbycompetitors.Evaluatewhetheryoucanachieveyourstrategyorareatriskofyourcompetitorsgettingtherefirstbecause
yourdigitalcoreororganization,includingtalent,isnotready.Thenplanaccordingtowhereyouare.
•Reorientyourorganizationfromsiloedfunctionstoend-to-endbusinesscapabilitiesanddecisionmakingthroughaunified
dataarchitectureandcross-functionalteams.Thiswillenableyoutounlockopportunitieswithinthevaluechainandopennewvaluepoolsfortheenterprise.
ReinventionintheageofgenerativeAI
16
ReinenvetionintheageofgenerenerativeAI
REINVENTIONINACTION
Roche:Dissolvingboundariestodeliverdata-drivencancercare
Today,thecombinationofnewdevelopmentsinscience,dataandAIhavecreatedthepotentialforcaretobetailoredtoeachperson.
Butrealizingthispotentialrequiresanewwayofworkingthatbreaksdownbarriersacrossthelifecycleofcarethatapatientreceives.
Healthcareprofessionalstypicallyhaven’tbeenabletoaccessallthepatientdatatheyneed
becauseithasbeenspreadacrossdifferentsystemsthataren’tintegrated.Rocheistackling
thischallengebybuildingplatformsthataggregatedatafromdisparatesources.Onesuch
platformisitsoncologyhub,whichsecurelymakessenseofpatientdatafromvarioussources
andservesasacentralworkspacewhereclinicianscancollaborate.Thishubenablesphysicianstogetpatientsintotreatmentfaster,inafieldwheretimecansavelives.
17
>18
Understandanddevelopan
AI-enabled,securedigitalcore
02/
Investintechnologythatrunsseamlesslyandallowsforcontinuouscreationofnewcapabilities.
GenerativeAIrequiresafundamentallydifferententerprise
architecture.Dataismorefluidandunstructuredandsyntheticdatabecomemoreimportant.That'swhy67%ofReinventorsbelieve
theircompanieswillneedtomakesignificantchangestotheirdatastrategytomakethebestuseofgenerativeAI.Withnewfoundationmodelsbeingreleasedeveryweek,companiesneedtousethe
rightmodelstosupporteachcapability.AI-readyapplicationswithaflexiblearchitectureopenaccesstoarangeoffoundationmodelsinpartnershipwithecosystems.Reinventorsprioritizetheirdigital
coreasakeycompetency.Relativetotherestoftheorganizationswesurveyed,1.8timesmoreReinventorshaveabest-in-classdigitalcorecapability,andReinventorsare9timesmorelikelytoinvestinremediatingtechnicaldebt.
ReinventionintheageofgenerativeAI
Actions
•Understandwhat“digitalcore”meansforyouandlook
atyourtechnologyobjectivelytounderstandwhere
yourdigitalcoreis—relativetotheindustry,andmost
important,relativetowhatisneededtousegenerativeAI.Makeaplanfromtherethatistiedtothebiggestpotentialtowininreinventionbasedonwhereyouare.
•UnderstandwhatadataandgenerativeAIbackboneis,andwhatitwilltaketobuildit.
•EnsureyourCIOisembeddingcybersecuritypractices
earlyinthelifecycleacrosstechnologyandthatyouhaveastrongsecurityculturetoprioritizeresiliency.
•Understandyourcurrenttechnologyandadvisory
ecosystem,andrefreshyourstrategyonhowyouwillworkwiththemtocompressthereinventioncycle.Consider
whetheryouhavetherightrisksandrewardsrelationship.Challengewhetheryoucanco-createmorewithpartnerstogofaster.
•Rigorouslymeasuretheprogresstowardensuringmorethan50%ofyourtechnologyinvestmentsaretoward
buildingthenew.
ReinenvetionintheageofgenerenerativeAI
REINVENTIONINACTION
SoutheastAsiannationaloilcompany:Simplifyingvolumesofdata
Likemanyothersintheoilandgasindustry,thisSoutheastAsiannationaloilcompanyhashugevolumesofdataindifferentformats,andgeneratesmoredaily.
Withnoefficientwaytoaccessandsearchitsdata,decision-makingwasonlygettingslower,whiletheriskofaccidentsduetomissingdatapointskept
growing.Stayingontopofpipelinemaintenanceandrepairswastime-consuming,astechniciansandengineershadtocombthroughpagesandpagesofhistoricaldocumentstopredictwhereissuesmaycomeup.
Aftertakingaholisticlookattheissues,thecompanydeployedgenerativeAI
andcognitivesearch,andcannowrealizethetruevalueofitsdataanddrivenewgrowth.Itsnewknowledgebaseincorporatesmorethan250,000documents
withstructuredandunstructuredinformation,surfaceswhateverinformation
theuserislookingforandconvertsitintothedesiredformat.Onthefrontend,anewsearchenginesimplifiesandacceleratesthewaypeoplefindimportant
information,allowingthemto“chat”withthecompany’sdatatofindwhatthey
needinaquickandconversationalway,speedingupdecision-makingandgivingpeopleconfidencetoact.
Thespeedatwhichtherightinformationcannowbeaccessedisalsohelping
avoidequipmentdowntimeashistoricaldatacanbeaccessedalmostinstantly,likefindingouthowlongit’sbeensinceapieceofequipmentwasserviced
orhadafault.It’salsospeedinguponboardingbyreplacingdenselogbooks
withasimplesearchenginetoteachcomplexknowledge.Ultimately,thenew,
integratedsetupmakesinformationdiscoverablewithminimaleffort,automatestheknowledge-gatheringprocessfordifferentrolesacrosstheorganizationandhelpsreduceaccidents.
19
03/
Reinventtalentand
waysofworking
Setandguideavisionforhowtoreinventwork,reshapetheworkforceandprepareworkersforagenerativeAIworld.
Oneofthemostlikelyreasonscompanieswillfailtosucceedwith
generativeAIistheirinabilitytoreachclarityfastenoughonhowworkneedstobereinventedandreshapetheworkforceaccordingly.This
willrequireanewkindofHRthatsupportsaskills-basedHRand
continuouslearningacrossalllevelsoftheworkforce,includingthe
C-suite.Anotherreasonisacommonlackofcorecompetenciesin
change,aswellasinfocusingonhowtounlockthepotentialofpeople.Theserequireustoputpeopleattheheartofchange.Anditwillmeanleaderswithdiff
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