Over the past 12 months, generative AI has generated fervor and fear in almost equal measure. We’ve all marveled at the tech’s ability to pass bar exams or create award winning photography. But that level of ingenuity is deeply unsettling for many consumers, who perhaps prefer to know that the humans are still at the wheel. This presents…
“Innovate or die,” Peter Drucker’s 1985 exhortation on the importance of constant reinvention, was great business advice for the last 40 or so years. But things have gotten a little more complicated now, as the large-scale roll-out of generative artificial intelligence (GenAI) has introduced the need for a multidisciplinary approach to innovation. Today, it is…
The implications of generative AI on business and society are widely documented, but the banking sector faces a set of unique opportunities and challenges when it comes to adoption. Avanade’s latest research found that bankers view automation and efficiency as the biggest benefits of generative AI – with AI having the potential to fundamentally change…
The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. For generative AI to be truly effective it must have access to the right data, but banks are almost unique…
SAP is reorganizing its AI activities. Philipp Herzig, formerly head of cross-product engineering and experience, now leads a new “end-to-end growth area” focused on AI as the company’s chief artificial intelligence officer (CAIO). Herzig now reports directly to CEO Christian Klein, and will oversee the entire value chain for SAP business AI from research and…
For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. For payroll services company ADP, it has paved the way to becoming a SaaS provider capable of taking on big names in enterprise software. An early partner of Amazon, the Roseburg, N.J.-based company migrated to…
Tomago Aluminium is an industry giant in the Asia-Pacific region, and as IT superintendent, Dennis Moncrieff is responsible for leveraging the right technologies to make the process of producing aluminum more efficient. When talking about the organization’s digital transformation journey, he describes it as a constant. “Sure, digital transformation is a buzzword that’s been bouncing around…
Microsoft will invest €3.2 billion in Germany by the end of 2025 to double the artificial intelligence and cloud capacities of its data centers there. The company also wants to train more than 1.2 million people in digital skills. Brad Smith, Vice Chair and President of Microsoft, said the aim is to enable the German…
Four years ago, German multinational Henkel found itself at a crossroads. Like many incumbents in the consumer packaged goods (CPG) industry, Henkel was slow to embrace digital technologies, resulting in a widening disconnect between the 147-year-old company and the changing needs of its customers. As Henkel CDIO Michael Nilles puts it, by 2019, Marc Andreessen’s…
In the age of digital transformation, the CIO’s role is increasingly central to business, focused on driving growth and establishing a new digital culture across the organization. But without the full support of the CEO, a CIO’s innovation and digital transformation agenda will only go so far. If the CEO doesn’t understand how the CIO…