Innovation

New York Life's Alex Cook featured in GenAI report released at World Economic Forum.

In coordination with the 2024 Annual Meeting of the World Economic Forum in Davos, Switzerland, Boston Consulting Group released From Potential to Profit with GenAI, the findings of a survey of more than 1,400 C-suite executives from around the world focused on understanding the extent to which executives are setting up their organizations to seize the business opportunities that GenAI offers.

The report indicates that AI is a top strategic priority in 2024, but that many companies are falling behind while “a small percentage of companies are setting themselves up for success with AI.” According to the report, the five characteristics that set the “winners” apart include:

·       Investing in productivity and topline growth

·       Upskilling systematically

·       Being vigilant about cost of use

·       Building strategic relationships

·       Implementing responsible AI principles

New York Life Head of Strategic Capabilities Alex Cook is cited in the report alongside the CEOs of Verizon, SAP, and Kingfisher. Cook explained, “The potential just keeps growing as I look forward. Everyone is going to be looking for the next thing they can use their people for — to repoint them to higher-value work — with AI as an augmenter of many, many roles.”

Read the full report here.

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