Michael Arena’s Post

In this article, Boston Consulting Group (BCG) outlines how companies can impact the bottom line with three #GenAI value creation levers—new revenue, cost reduction, and productivity gains: https://lnkd.in/eduBn4wg #DigitalTransformation

Use Claude 3.5 Sonnet (Artifacts) to create a summary and a cheat sheet. I used the article "What are Industry 4.0, the Fourth Industrial Revolution, and 4IR?" by Mckinsey to get a summary and then adjusted the output burstiness and perplexity levels to 5 (Range 0 to 10) to get the following: """As CEO of a major IT multinational, Industry 4.0 presents a significant opportunity for your company. This latest industrial revolution is reshaping business through the integration of digital technologies in manufacturing and operations. At its heart, Industry 4.0 combines connectivity, advanced analytics, AI, and automation to boost productivity and innovation. The potential is substantial, with projections suggesting $3.7 trillion in value creation for manufacturers by 2025. Early adopters are already seeing impressive results, including notable improvements in cash flow. By embracing this transformation, you can enhance your own operations while developing in-demand solutions for other sectors, particularly manufacturing, transportation, and retail. Interestingly, Industry 4.0 technologies are also proving valuable for sustainability efforts, which could position your company well in an increasingly eco-conscious market. However, the transition isn't without challenges. It requires significant investment, reskilling of workforce, and a willingness to reimagine established processes. Your leadership in navigating this complex landscape could define your company's success in the coming decades.""" What do you think? How did Claude do? Did you like the cheat sheet? #Claude3 #Anthropic #4IR

Business transformation involves fundamental changes in an organisation’s processes, culture, and technology and this is how it contributes to cost efficiency: • Streamlining Processes: By analysing existing workflows, businesses can identify inefficiencies and eliminate redundant steps. Through automation and digitisation, workflow can lead to streamlined processes and reduce operational costs. • Data-driven Decision Making: Organisations can use analytics to identify cost-saving opportunities, allocate resources effectively, and optimise supply chains; whilst real-time data empowers informed decision-making and minimal wastage, whilst maximising efficiency. • Agility and Adaptability: Organisations need to remain agile and swiftly adapt to market changes, to reduce the risk of costly disruptions, seize opportunities and mitigate threats effectively. • Customer-Centric Approach: Satisfied customers lead to repeat business, referrals, and long-term profitability; by reducing churn and acquisition costs. Business transformation isn’t just about change; it’s about creating a more efficient, adaptable, and customer-centric organisation. Cost efficiency isn’t a one-time achievement—it’s an ongoing journey fueled by strategic transformation. #businesstransformation #costefficiency #AI #Data #TEKenable Emma-Louise Lewis

In this latest article, I discuss the importance of #ResponsibleTransformation for companies in today's rapidly evolving business landscape. It emphasizes that a one-size-fits-all approach is unsuitable and that organizations must tailor their digital transformation strategies to align with their vision, business strategy, and needs. Failure to do so will result in transformation dissatisfaction and increased costs incurred. To undertake responsible transformation, it's essential to strike a balance between innovation, practicality, and effectiveness while prioritizing solutions that deliver tangible value. Companies need to consider the total cost of ownership while evaluating digital transformation initiatives and make informed decisions that align with a company's strategic vision and growth objectives. https://lnkd.in/eUNkbNAv #AltumWave #finance #techonology #operations #risk #innovation #ResponsibleTransformation #digital #ai

Navigating the hype in the market can indeed be challenging, especially when trying to discern what's truly impactful for a specific organization. The concept of #ResponsibleTransformation emphasizes a tactical approach to truly meaningful change for individual organizations. How can we help? Let's set up time with Altum Strategy Group's Leadership Team to help through your challenges!

Interesting article from McKinsey, connecting the need for organizational change to technology and productivity. Finding the right balance between the focus on current and future business. #businesstransformation #productivity #digitaltransformation #operationalmodel

𝗗𝗲𝗰𝗼𝗱𝗶𝗻𝗴 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗩𝗮𝗹𝘂𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗦𝗲𝗰𝘁𝗼𝗿 🚀 The latest study from Struktur Management Partner GmbH on Digital Value Creation provides fascinating insights into digital value creation in our industry. 📈 𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀: 𝗘𝗕𝗜𝗧 𝗠𝗮𝗿𝗴𝗶𝗻 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁: Over 70% of PE investors have significantly increased their EBIT margins by more than 1.5 percentage points through digital initiatives. 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: 83% of respondents recorded an increase in valuation multiples from 0.5x to 2x thanks to digital measures. 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗟𝗲𝘃𝗲𝗿𝘀: Process digitalization, digital marketing & sales, and digital services & business models are the top performers for value enhancement. 💡 𝗪𝗵𝘆 𝗶𝘀 𝘁𝗵𝗶𝘀 𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝘁? In a time of increasing economic challenges, the study shows that effective digital strategies not only improve operational efficiency but also strengthen the resilience and competitiveness of portfolio companies. 🔍 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: The importance of Digital Value Creation will continue to grow. Especially, process digitalization and the use of generative AI will be critical factors for future competitive advantages. At IT Capital Partners, we leverage these insights to fully realize the potential of our portfolio companies and help them succeed in this digital era. #PrivateEquity #DigitalTransformation #ValueCreation #ITServices #InvestmentTrends Jan Rodig

This is your chance to hear exclusive, high-impact insights and gain an edge so you can make more informed decisions that will improve organizational resilience, competitiveness, and chances of future success for 2025. Join us as we reveal findings from the annual “Mapping the Next: Key Priorities for 2025” study, offering an inside look into the top concerns, expectations, and goals of industry leaders for the coming year. This session will spotlight leaders’ core priorities, such as technology adoption, digital transformation, generative AI, customer experience, and sustainability. Register: https://okt.to/4M7gVc What questions will the webinar answer for the participants? 👉What are the trends that will shape the global services market in 2025? 👉What are the likely changes in sourcing spend, sourcing strategy (in-house vs. outsource), and locations? 👉What is the enterprise outlook on tech and AI adoption in 2025? 👉Which digital services and next-generation capabilities are expected to be in demand? 👉How are outsourcing deals, enterprises’ leverage of service providers, and bill rates expected to change?