Christopher Loughlin

The benefits of MIT Sloan Executive Education - In my inbox this morning - Thinking Forward Microsoft chief scientist: To make the most of gen AI, use your imagination 1. Can lending standards be too tight for too long following an economic shock? New research from MIT Sloan professor Jonathan Parker and colleagues indicates that can be the case when banks go the extra mile to screen out bad borrowers. The researchers’ findings suggest that some of the persistence of tightness after a shock is self-inflicted. When banks try to protect themselves by increasing their due diligence in evaluating potential borrowers, they set off a chain reaction whereby other banks do the same and increase the credit crunch in two ways: By not funding people who are less creditworthy, tighter standards worsen the overall quality of the pool of potential borrowers, which in turn creates an even bigger incentive for banks to employ tight standards in the future. In a good market, lending standards are inefficient when they’re too tight. They amplify and prolong downturns, decrease overall lending, and increase credit spreads. If the market is in good shape, less due diligence makes more sense, said Parker, co-director of the MIT Consumer Finance Initiative. “The chances that [a loan] will fail are very small. Some of them will default and lose a little bit of money, but that will be a rare event,” he said. 2. How much will artificial intelligence affect productivity in coming years? Writing recently in the Financial Times [subscription required], columnist Soumaya Keynes observed that there have been several attempts to estimate the effects of generative AI on annual productivity growth, “with pretty varied results.” Goldman Sachs last year estimated that in rich countries, generative AI could increase productivity by about 1.5 percentage points over a decade. McKinsey predicted that generative AI could deliver an increase of 0.1 to 0.6 percentage points between 2023 and 2040. And, more recently, MIT professor Daron Acemoglu calculated a boost over the next decade of, at most, 0.2 percentage points and suggested that over the next decade, around 5% of tasks will be profitably replaced or augmented by AI. “Some uncertainty is, of course, healthy,” Acemoglu said of the change brought on by AI, since “we are at the very, very beginning of it.”   MIT Sloan Office of Communications Building E90, 9th Floor 1 Main Street, Cambridge, MA 02142 #AI #mit #misinformation

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By leveraging #GenAI, brands can proactively meet consumer demands and offer personalized experiences. My friend Steven Bailey shares how this emerging technology provides #marketing leaders with new ways to deeply connect with customers. #GreatReading #EYConsulting

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OKAY - Traditional enterprises can monetize their data in four ways: creating new products, cross-selling, reducing expenses, and optimizing pricing - all "within the walls". But Chase is breaking the mold with its latest move. With the technical chops to pull off the feat, it will be interesting to see how Wells, BofA, and Citi will follow. It's worth keeping an eye on how non-US countries will react to the potential impact on consumer and data protection laws. #datamonetization #banking #fintech #dataprotection https://lnkd.in/eNSrzDfm

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Hi All – @AsaphAdvisors continues to build out its capabilities.   We have recently joined forces with Rick Rodriguez and Akash Teckchandani to expand our PSA Technology Practice.   Rick & Akash each bring decades of experience helping organizations optimize the use of technology. Most recently they have been involved with implementing #PSA Software.   Can we help you: - Enhance the use of your as-is PSA? - Analyze and select a new PSA tool? - Optimize the processes around your PSA tool?

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Many leaders recognize the importance of digital transformation, but few understand how to effectively integrate systems, people, and processes together. This is an insightful conversation on how businesses can succeed and remain flexible in their transformation journeys. #DigitalTransformation #NeverJustTech #BusinessStrategy

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Have you seen our latest feature in CIO Dive? 📱 They spotlighted our innovative "client zero" approach to implementing generative AI, including how we're using tools like Claude Enterprise to boost efficiency and drive growth. VP of Global AI Center of Excellence David Johnson shared insights on our journey, including how our power users are 4.5x faster at completing tasks! 🚀 Read and share the full article to learn more about our AI transformation story. #GenerativeAI #Innovation #DigitalTransformation

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As one who interacts with CMOs all the time I can tell you this topic is at or near the top of their collective priority list. And while I am skeptical of those who espouse best practices when it comes to generative AI - only because it is so nascent - I felt compelled to share this particular piece from my fellow CMSWire scribe, Tiffany Holland Why? Glad you asked. I felt compelled for the simple fact I agree with everything Tiffany opined on, which she breaks down into four truths, which are below along with my brief commentary. Do yourself a favor and read her piece. ➡️ Truth #1: Inaction With Generative AI in Marketing Is the Greatest Risk Yes, yes and YES. If I could climb the highest mountain I would and bellow this to the masses below. This ain't the time to "sit this one out" whilst the rest of the world, AKA your competition is taking full advantage. ➡️ Truth #2: Generative AI Offers More Value Than Just Operational Efficiency Tiffany deftly writes of the "narrow view" many CMOs and marketers have of Gen AI, which "offers only short-term benefits and overlooks the true power of machine learning." Dating myself big time here but this reminded me of the late 70's campaign professing that orange juice is not just for breakfast anymore. https://lnkd.in/e95uWbex ➡️ Truth #3: Generative AI Solutions Fails in the Traditional Marketing Model "Generative AI won’t deliver its full potential if organizations try to plug it into outdated operating models." Full Stop! Read and re-read that over and over and over and then, for the love of all things Holy, do NOT blame Gen AI if you do not adhere to this sage advice. ➡️ Truth #4: Ethical Governance of Generative AI in Marketing Is Critical I love that Tiffany saved this one for last because it is THE most important truth, by far. Gen AI and AI in general, is very much akin to the wild west right now; no rules of governance other than those self-imposed. Brands MUST self-govern the way they use Gen AI if for no other reason, it is the ethical thing to do. Please share your thoughts on all of this. I love a good conversation and yes, a debate if need be. Jeanniey John Aakansha Srota Manny Shelly Lou Jeff Raja Ted Lee David Alma Dom Rhonda #ai #GenAI #cmo

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When it comes to navigating the patient journey, Oracle Life Sciences puts the human first, rather than the disease. We innovate through human narratives to give patients and caregivers a seat at the table. #Behaviourscience #Qualitativeresearch #patientjourney https://lnkd.in/gY6wmHRX

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How to develop an intrapreneurial culture 🤝 Five foundational building blocks can help innovators maximize value creation inside their organization. #pwc #culture #prganization #strategy

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Living our purpose, embracing our values, and showing up authentically are just a few of the keys to fostering a positive working environment. #SlalomProud to be included on the Fortune 100 Best Companies to Work For® list in 2024. ​https://slalom.ws/3VOiuqR.

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Living our purpose, embracing our values, and showing up authentically are just a few of the keys to fostering a positive working environment. #SlalomProud to be included on the Fortune 100 Best Companies to Work For® list in 2024. ​https://slalom.ws/3VOiuqR.

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Living our purpose, embracing our values, and showing up authentically are just a few of the keys to fostering a positive working environment. #SlalomProud to be included on the Fortune 100 Best Companies to Work For® list in 2024. ​https://slalom.ws/3VOiuqR.

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How KPMG’s CMO is promoting Generative AI within the consulting giant by Drew Neisser 𝗧𝗵𝗶𝘀 𝗾𝘂𝗼𝘁𝗲 𝘀𝘁𝗮𝗻𝗱𝘀 𝗼𝘂𝘁: "We’ve realized that AI won’t replace humans—but humans using AI will replace those who aren’t." I applaud Lauren Wagner Boyman’s commitment to upskilling the marketing team's AI acumen. This is the necessary step to transform business as usual in an AI world. I'm curious how your company prepares its workforce to incorporate AI into your team members' everyday work.  Comment below ⤵️

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Amid the #generativeAI boom, organizations are grappling with the decision to build their own proprietary solutions in-house or buy from a third party. KPMG’s latest #genAI executive survey revealed that 50% of organizations are buying or leasing their GenAI from vendors, while 29% are pursuing a mix of building, buying, and partnering. Only 12% of organizations are building GenAI solutions in-house. Swipe for more insights, and click to preview the full report: https://lnkd.in/dcHpYTgN

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Thrilled to announce the opening of Slalom's Global Technology Center in Colombia! Wondering how Slalom incorporates local and global knowledge with AI-powered tools to assist businesses in personalizing their teams? Discover more here: https://slalom.ws/4g38IbK. #SlalomProud

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During the Digital Transformation Forum in Boston in May, we sat down with Matthew Fox and Asi Klein of Deloitte to discuss #workforce trends in #manufacturing. The video below is a great recap of that interview! #digitaltransformation

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