Nikki (Nigyar) Mamedova, CPA (NY), CPA, CA (ON)’s Post

What actions are CEOs taking to earn trust on business model reinvention, generative AI, and climate? Register now to hear insights from Tim Ryan, PwC US Senior Partner, and Daryl Brewster, CEO of Chief Executives for Corporate Purpose, on the upcoming Trust in Action webcast.

What's in store for the socioeconomic landscape in 2024? Hear from Keith Fitz-Gerald, principal of the Fitz-Gerald Group, as he talks with WWT's Matthew Coble about the global trends that business leaders should keep in mind heading into the balance of this year. https://lnkd.in/gM_WrxSU

What's in store for the socioeconomic landscape in 2024? Hear from Keith Fitz-Gerald, principal of the Fitz-Gerald Group, as he talks with WWT's Matthew Coble about the global trends that business leaders should keep in mind heading into the balance of this year. https://lnkd.in/e3ZrssZy

What's in store for the socioeconomic landscape in 2024? Hear from Keith Fitz-Gerald, principal of the Fitz-Gerald Group, as he talks with WWT's Matthew Coble about the global trends that business leaders should keep in mind heading into the balance of this year. https://lnkd.in/eypVqSyr

There is still time to register for the Mortgage Bankers Association Credit Union Network meeting tomorrow. Interested participants can contact me for registration details. If you are not an MBA member company, contact my colleague Laura Koller Hopkins about how this network might help grow your business. #navigatigAI #Creditunion #efficiency

I was delighted to speak to Joe Lynam today in the Newstalk studios for my first ever broadcast interview! Global Economic Summit 2024 comes to Co. Kerry next month, with the aim of developing new solutions to the global challenges we face today.  At Accenture, we are delighted to be the headline partner for this important event.   As you might expect, Generative AI came up in my conversation with Joe. Below are the top 3 key things I mentioned, that business leaders should consider as #GenAI becomes a strategic priority for business.   1. Focus on value: Shift the focus to end-to-end process reinvention to deliver a meaningful return on investment 2. Develop your digital core: To benefit from Gen AI, organisations need a secure, cloud-enabled, modern data platform 3. Ensure your talent is ready: People need to have the right skills and be open and willing to adapt their ways of working You can listen to the conversation here: https://lnkd.in/gkURDM6K.  Business Post Accenture UK & Ireland Megan Cassidy

This week, Lina Khan, US Federal Trade Commission Chair, summed up why policymakers need to intervene to stop digital #gatekeepers from “extracting more and more from society”. Data and time from consumers, value from creators, margins from suppliers. “We can't, as a government, just be totally hands off and stand out of the way. That was the philosophy [..] we saw during web 2.0, and that's had some pretty devastating ramifications in terms of people's #privacy, in terms of the state of the independent #press”. “We can help make choices that are going to steer these technologies on a path that actually serves us rather than a model where a handful of companies are just extracting more and more from society, from #creators and people feel they don't have recourse.” “We've seen enormous dislocations across sectors but perhaps nowhere more than in #journalism because of the rise of these digital platforms.”   “We've seen the rise of dominant intermediaries that a lot of times are taking a bigger and bigger cut at the expense of both the producers and the consumers”. Regarding Big Tech’s use of #AI to gain advantages over #startups: “Who's getting access to compete and on what terms? [..] There could be self-dealing, there could be discrimination, there could be exclusion, so that the big guys are just getting bigger at the expense of everybody else.” Example #copyright: “Graphic designers woke up one day and felt that their life's work had been gobbled up by these [AI] models [..] Nobody had asked them, they were not getting paid for it, and all of a sudden some of these models were now spitting back out their own content in #competition with them. And so we see a huge potential devaluation of the content that people have created. And I think there are interesting competition implications as well.” Unlike the US, Europe/UK have powerful laws such as the Digital Markets Act (DMA), the Digital Services Act (DSA), § 19a GWB (Germany), and (since this week👍) the Digital Markets, Competition and Consumers Act (DMCC) to address various dislocations. However, these laws need to be enforced. I hope that the urgency to react rigorously, ahead of a potentially even more devastating and irreversible wave of AI misuses, is well understood.

At the recent World Economic Forum in Davos, Bob Moritz, Mohamed Kande and other PwC leaders discussed top findings from PwC’s 27th Annual Global CEO Survey —including resource allocation, climate, Gen AI and more. The insights capture the extraordinary pressures and opportunities that are driving today’s CEOs to reimagine the way they do business. Watch here https://lnkd.in/g4pphgbz #ceosurvey #pwc

VUCA or BANI, what world are we living in? Until recently, the way to assess and respond to the current state of the world was VUCA which stands for volatility, uncertainty, complexity, and ambiguity. It was created to help leaders navigate the difficulties of business challenges, identify the main risks, and develop strategies for solving them. But, the world, as well as our perception of it, has changed, so the VUCA acronym has become out of date. It was replaced by the BANI concept to help tech leaders navigate the challenges of the IT industry. Skills like business acumen, communication, financial literacy, problem-solving, and others play a pivotal role here. Let's see how these skills can be applied in the BANI world: Brittleness: accept uncertainty and break the illusion of control. Anxiety: cultivate a sense of unity — an “us” rather than “them” mentality. Non-linearity: adapt and incorporate change into the business quickly.  Incomprehensibility: take calculated risks, trust the instincts, and be transparent in team management. How can your business scale and thrive in this BANI environment? Swipe images and see more 👉🏼 #OutstaffYourTeam #techteam #teammanagement

As I reviewed the findings from the latest Edelman Trust Barometer, one data point in particular struck a chord with me. The report found that a growing percentage of people believe politics has too much influence on science and this perception is contributing to a decline in trust - both between people and organizations, as well as amongst individuals in the workplace. This is a troubling trend. A core characteristic of high-performing teams and organizations is the trust that exists between colleagues. When that foundation of trust erodes, it becomes increasingly difficult for people to align around a shared purpose, to build a healthy community and culture, and to have the kinds of crucial conversations needed to work through differences with dignity and mutual respect. With the upcoming elections just around the corner, I believe now is the time for leaders to take proactive steps to address this issue head on. Here are a few key actions I believe we must take: - Insulate science, medicine, and other critical disciplines from partisan politics. We must find ways to protect the integrity and independence of these important fields, ensuring that innovation continues to be driven by rigorous research and objective data rather than ideological agendas. - Model civil discourse and principled compromise. As leaders, we need to demonstrate how to have tough conversations and work through disagreements in a spirit of mutual respect. - Align people to purpose. Help your teams and organizations reconnect with the deeper sense of mission and shared values that can transcend political divides. - Build a culture of trust and dignity. Proactively cultivate an environment where individual differences are honored and people feel psychologically safe. The path forward may not be simple, but the stakes are high. It's time to roll up our sleeves and get to work. As leaders, we have an obligation to rebuild trust - both within our organizations and across our society. The future depends on it. https://buff.ly/48yuMqF #leadership #trustinbusiness #integrity #civilpoliticaldiscourse