Generative AI’s (GenAI) power to transform every aspect of our lives is now common knowledge But business leaders are still unsure exactly how to make this revolutionary technology an integral part of their activities. The truth is that the integration of Generative AI for operations requires a very different approach than the integration of traditional AI. This is evident in the sphere of R&D and operations. In recent years, AI…
27 June 2024By Othman Bouabdallah, Ettore Dorrucci, Lucia Hoendervangers and Carolin NerlichEurope needs trillions of euros to manage climate change, become digital and defend itself. How can EU and national policymakers support these projects? This Blog post discusses the options in times of low growth and high public debt levels.The views expressed in each blog entry are those of the author(s) and do not necessarily represent the views of the…
Following a record showing in 2022, the global banking sector continued to exceed expectations during 2023. Global return on tangible equity reached 13 percent in 2023, its highest level since the 2008 financial crisis. Meanwhile, the worldwide Tier 1 ratio hit a ten-year high of 13.4 percent, and net interest margins rose to 2.4 percent, snapping a decade-long contraction. Despite the remarkable overall performance of global banking, several challenges that…
The European Football Championship is in full swing. Germany beat Scotland 5:1 in the opening game. But for the host country, it is not just about sports. The Euro 2024 and the upcoming Summer Olympics in Paris belong to the category of mega-events where billions are at stake – and therefore politics is always on the pitch. All the more reason to take a look at the five economic principles.1.…
Since it was founded in the United Kingdom close to two decades ago, enterprise software company Anaplan has been built around the core concept of what it has dubbed “connected planning.” For customers who had long dealt with a messy patchwork of different systems and manual processes, this has meant having a single platform to enable integrated planning and forecasting for everything from finance and sales to supply chain and…
For chief marketing officer success, focus on helping them attain the right skill set at the right corporate growth stage. Kimberly A. Whitler and Jonathan Metrick June 26, 2024 Reading Time: 6 min Nick Lowndes/Ikon Images Chief marketing officer turnover has long been a challenge for companies. As a company matures, it can become clear that the CMO’s leadership skills and abilities no longer align with the organization’s needs —…
To bring Hong Kong’s Foreign-Sourced Income Exemption (FSIE) regime in line with the European Union’s updated guidance on FSIE regimes promulgated in December 2022, the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Ordinance 2023 was enacted on 8 December 2023 to refine Hong Kong’s FSIE regime with effect from 1 January 2024, under which, subject to certain carve-outs and reliefs, the scope of assets in relation to foreign-sourced disposal…
Your relationship with money may play a huge role in how you handle financial decisions and your long-term security. Many factors affect your financial decisions, but you might be surprised by how much your childhood experiences still influence you today. The majority of parents recognise how important financial education is. Indeed, according to Nationwide, almost 9 in 10 parents to children aged between 8 and 13 say personal finance education…
Over the past decade, private-capital firms and insurers have built a symbiotic relationship. Private-capital firms, which typically raise money from institutional investors such as pension funds and sovereign wealth funds, encompass multistrategy private-market firms, private-credit firms, private equity firms, and real estate firms. Tie-ups with insurers have allowed private-capital firms to expand their supply of permanent capital—investment funds that do not have to be returned to investors on a timetable,…
Q: When we talked two years ago, you described an industry in search of a profitable business model. You warned that companies would be in for a tough stretch. Where do things stand now? It’s been a very difficult two years for the entertainment sector— worse than we could have imagined—and streaming is a big part of why. People have continued dropping pay TV, which was a very profitable business,…
The advent of Generative AI (GenAI) has ushered in a new era of possibilities for businesses, allowing them to harness the power of artificial intelligence in unprecedented ways. With the global generative market currently worth $44.89 billion and expected to reach $66.62 billion (Statista) by the end of the year, it’s no wonder that organisations are keen to get a piece of the proverbial pie. However, whilst the appetite exists,…
Quick Hits On June 21, 2024, two bills were introduced in the California Legislature to reform PAGA, which could provide a measure of relief to California employers and much-needed increased court oversight. Notably, the proposed amendments would allow an employee to bring PAGA claims only for Labor Code violations the employee “personally suffered” within the statute of limitations. For several claims, the proposed legislation would adjust PAGA penalties based on…
Many businesses are loath to share proprietary information with others, fearing it will undercut their long-term financial prospects. They view openness as a threat to innovation.But a new years-long study of the wireless router industry shows that businesses that are transparent with suppliers and partners about their technologies can increase innovation and speed the introduction of new products. Specifically, the study finds evidence that openness—in this case, via the use…
At a glance Labor markets in advanced economies today are among the tightest in two decades, not merely a pandemic-induced blip but rather a long-term trend that may continue as work forces age. Tightness means forgone economic output. We estimate that GDP in 2023 could have been 0.5 percent to 1.5 percent higher across these economies if employers were able to fill their excess job vacancies. Companies and economies will…
The Polish government considers it absolutely necessary to develop NATO’s military presence on the so-called “eastern border”, the accession of Sweden and Finland to NATO and the development of the Alliance’s military infrastructure on their territory. In Sikorski’s understanding, it strengthens transatlantic unity and security in the Baltic Sea region. Naturally, unconditional active support for Ukraine is a key task for both NATO and the EU in the understanding of…
As we move further into 2024, inclusivity in consumer healthcare marketing will continue to be more of a strategic imperative rather than just a nice-to-have for brands. We know that Generation Alpha is more value-motivated than the proceeding generations (as we’ve seen reflected in their skincare and beauty purchasing) but consumers of all generations have become more discerning as well. In fact, more than half of consumers believe that brands…
It’s a manager’s nightmare: A customer pulls into a drive-thru after a long day at work with children in tow, everyone looking frazzled and famished. After waiting patiently in line, the customer grabs her bag of burgers through the window and happily zips away—until her kids rip open their bounty and wail from the back seat: “Where are the fries?” Disappointment ensues.The reason for the oversight—and the frustrating customer experience—may…
Too many GTM efforts in B2B companies are focused on leads and pipeline creation, causing them to wonder why that doesn’t work well for them. Outcomes are unpredictable and the marketing and sales teams are badly aligned. That’s why in my blog post “Modern Demand Management,” I proposed a “VAP” (value-added pipeline) approach for B2B marketers that is a function of the ending pipeline and the total bookings or ARR…
In the United States each year, resettlement agencies assist tens of thousands of refugees in finding new homes and employment; in fiscal year 2023, more than 60,000 people received resettlement services in this country. The task is monumental—and essential, as the number of displaced people around the world continues to grow. When Yale SOM’sVahideh Manshadi learned that one of the largest such agencies was searching for a better way to…
The stock market offers daily lessons in animal spirits and, occasionally, something more. Every so often, investors become obsessed with a small group of companies, and clever analysts give them a name that resonates with the investing public. In the ’60s, we had the Nifty 50; in the 2010s, we had the FAANGs; and today we have the Magnificent Seven and the Granolas. The Magnificent Seven are tech companies, by…
What if every time your customers engage with your business, they feel satisfied, appreciated, and understood? Implementing a thoughtful customer experience strategy ensures just this, but mastering the art of customer experience is easier said than done. Join us as we explore the transformative impact of effective customer experience strategies that leverage data, technology, and […] The post What is a Customer Experience Strategy? appeared first on Accelare.
Every business must make sure that its growth prospects are clear and that the resources needed to achieve these goals are readily available. However, the increasing uncertainty in the market environment may hinder businesses’ ability to secure financing, ultimately affecting their capacity to implement certain strategies. These uncertainties are particularly worrying for some firms. Recognising this, the Maltese Government, with support from the European Union, has emphasised the importance of…
In order to understand this phenomenon, it is necessary to think differently and adopt a new approach. The current way of thinking has not been successful in addressing this issue. Furthermore, there is a certain degree of critical blindness with regard to the current situation. This largely reflects the dominant cultural trends in modern Western popular culture, and unfortunately, it does influence the thinking of the local elite. For example,…
Many digital laws were enacted in the past, mostly under the EU’s Digital Agenda and Digital Single Market (DSM) programmes. In the current legislative term, which is coming to an end, important new measures relevant to digitalisation such as the Digital Markets Act (DMA), the Digital Services Act (DSA), the Data Act, the Artificial Intelligence Act (AI Act), the Data Governance Act (DGA), the European Health Data Space (EHDS), an…
After months of bickering over whether and how to confiscate Russian sovereign assets, G7 members on 14 June agreed to use future profits from frozen funds held by Euroclear in Belgium to prop up a loan for Ukraine of up to €50 billion. That makes sense, as a full-blown confiscation policy would be plagued with legal pitfalls. Yet, the challenge still remains of crafting a syndicated loan backed by G7…
25 June 2024By Piero CipolloneA digital euro would combine the convenience of digital payments with cash-like features. ECB Executive Board member Piero Cipollone explains how a digital euro would enhance Europeans’ freedom of choice when deciding how to pay.Freedom lies at the heart of the European Union’s principles. Every EU citizen is free to live, work, study and do business in any EU Member State. The euro plays a key…
Carolyn Geason-Beissel/MIT SMR | Getty Images For the growing number of organizations committing to decarbonization, meeting their goals can take a frustrating amount of time. The decarbonization journey is a nontraditional marathon — with a lot of ambiguity regarding the nature of the track — and many organizations struggle to identify where to start and how to scale their decarbonization efforts. We believe that these “marathon runners” can learn a…
Quick Hits Following the lead of California, Colorado, Hawaii, New York, Washington, and the District of Columbia, Maryland’s Equal Pay for Equal Work – Wage Range Transparency Act will require employers to disclose certain wage information in both public and internal job postings. The law was signed into law by Governor Wes Moore on April 25, 2024. The law will take effect on October 1, 2024. The legislature passed the…
Three-year, projected multibillion-dollar strategic partnership will focus on creating innovative industry solutions that deliver transformative outcomes for businesses and society Hitachi Group will embed the Microsoft cloud, Azure Open AI Service, Dynamics 365, Copilot for Microsoft 365 and GitHub Copilot into its Lumada Solutions to accelerate growth of the Lumada business, and improve productivity for its 270,000 employees Hitachi will train more than 50,000 “GenAI Professionals” on advanced AI skills.…
Seyfarth Synopsis: PAGA reform has officially been introduced in the state Assembly and Senate! The language of the bills were released detailing the most substantive changes to PAGA in its 20-year history. The bills have numerous provisions that benefit California employers, including imposing more restrictive standing requirements for plaintiffs, codifying the need for manageability of PAGA claims, and reforming the penalty structure, along with several other changes detailed below. On…
70 years ago, the BBC broadcast its first daily television news programme. Since then, round-the-clock news has become available, and you can get the latest headlines with a few taps on your smartphone. While being connected can be positive, for investors, it can make periods of volatility and choosing an investment even more difficult. Read on to find out why. On 5 July 1954, Richard Baker delivered the latest news,…
As financial planners, we often talk about the importance of working towards long-term goals and security. As part of your financial plan, you might be putting money into a pension for retirement or building an emergency fund to safeguard your finances if you experience a shock. Considering your long-term ambitions is often important for turning them into a reality. Yet, enjoying the present is just as essential. While it can…
2 in 5 UK retirees have retirement regrets, according to a Canada Life survey. If you’re saving towards your future, you could learn some valuable pension lessons and avoid repeating the same mistakes. Securing the retirement you want often means thinking about this milestone many years before you celebrate it. One of the key challenges is balancing your financial needs and goals now with your long-term ones. Retirement regrets indicate…
We’re supporting more organizations to establish 15 new cybersecurity clinics across the U.S.
Amendments to the Company Law of the People's Republic of China (the “New Company Law”) were passed on December 29, 2023, and will come into effect on July 1, 2024. The New Company Law consists of 15 chapters and 260 articles, with substantial additions and modifications of around 70 articles compared to the current Company Law, which comprises 13 chapters and 218 articles. The main revisions are categorized into: (1)…
The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill. The Personal Allowance is the amount of income you can receive before you usually need to pay Income Tax on the portion that exceeds the threshold. For 2024/25, the Personal Allowance is £12,570. Crucially,…
Trade associations representing independent repair facilities have become strong advocates for expanding right to repair laws to increase member access to vehicle telematics data. These efforts have created uncertainty for auto manufacturers, most recently in Maine, where state legislators failed in their effort to amend that state’s right to repair statute in response to a popular ballot referendum passed in November 2023 intended to address the incorporation of telematics into…
Research suggests that retirees could boost their income by downsizing. While selling your home and moving to a smaller property could be a valuable way to fund your later years, there are some important considerations you might want to weigh up first. Read on to find out more. Over the last few decades, the value of the average home in the UK has soared. Indeed, according to figures from the…
The changeable nature of fashion extends well beyond its seasonal changes of what to wear. In recent years, one of the industry’s most dramatic changes involves New York City’s position as a global fashion capital. Within the United States, New York City has the country’s highest concentration of fashion sales, talent, and employment. Activities related to fashion—which we define as fashion retail, wholesale, and distribution, along with textile, apparel, footwear,…
How many times have you told yourself that you need to do more exercise, started a new routine, and then stopped it altogether after a few weeks as you just don’t have the time? This cycle of wanting to get healthy, trying your hardest, and then being put off by the physical and time demands, is an unfortunate reality for many. But the truth is, it doesn’t take much effort…