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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

This force is called creative destruction, which is the process where innovation and technology advancements are reshaping industries and business models. These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology. This raises some pertinent questions.

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Learning & Development’s Role in Operational Efficiencies in 2022

HR Digest

According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” Companies will have to develop new compliance norms, training material and such. That includes focusing on processes, technology and judicious use of resources. Training Remote Managers.

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Why Diversity Hiring Is Important

ExactHire - Leadership

Most business owners think of diversity in the workplace in terms of the compliance regulations imposed by the federal government. In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. Defining Diversity and Its Importance in the Workplace.

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The First Wave of Corporate AI Is Doomed to Fail

Harvard Business Review

There were several early issues, ranging from regulatory compliance to security. Already, evidence suggests that early AI pilots are unlikely to produce the dramatic results that technology enthusiasts predict. In the mid-2000s, the buzz was about cloud computing. Once again, several companies decided to test the waters.

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It’s Not HR’s Job to Be Strategic

Harvard Business Review

In its “State of Human Capital” report , McKinsey found that people in HR still largely have “a support-function mindset, a low tolerance for risk, and a limited sense of strategic ‘authorship’” — all of which has led to “low status among executive peers, no budget for innovation, and a ‘zero-defects’ mentality.”.

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How Companies Are Already Using AI

Harvard Business Review

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. IT was using AI to resolve employees’ tech support problems, automate the work of putting new systems or enhancements into production, and make sure employees used technology from approved vendors. bribes and kickbacks).

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Will Big Data Kill All But the Biggest Retailers?

Harvard Business Review

A McKinsey study released in May 2011 stated that, by using Big Data to the fullest, retailers stood to increase their operating margins by up to 60% — this, in an industry where net profit margins are often less than 2%. Wholesalers do not have shopper data, and do not have sophisticated technologies or expertise in mining the data.

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