With AI evolving at breakneck speed, chief information officers are turning their attention to driving real transformation. But while many companies are heavily investing in tech solutions, few are seeing a full return on their investments. On September 19th, we'll explore closing the gap between tech solutions and business value, optimizing AI readiness and ROI, and pioneering cutting-edge innovation. Don’t miss this dynamic discussion, live from Dreamforce, on the key AI strategies every CIO must embrace—right now. #BCGatDreamforce #DF24
Boston Consulting Group (BCG)
Business Consulting and Services
Boston, Massachusetts 4,568,385 followers
Unlocking the potential of those who advance the world
About us
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place. BCG Privacy Policy: https://www.bcg.com/about/privacy-policy.aspx
- Website
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http://www.bcg.com
External link for Boston Consulting Group (BCG)
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
- Headquarters
- Boston, Massachusetts
- Type
- Partnership
- Founded
- 1963
- Specialties
- Consumer insight, corporate development, corporate finance, digital economy, globalization, growth, information technology, innovation, marketing & sales, operations, people & organization, postmerger integration, risk management, strategy, sustainability, transformation, and climate
Locations
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Primary
200 Pier 4 Blvd
Boston, Massachusetts 02210, US
Employees at Boston Consulting Group (BCG)
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Elyssa Back
Product Director, Social Impact & Sustainability at BCG (ex Wayfair | Amazon | Yale)
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Ramesh Padala
Managing Director at BCG, ex-Amazon | ex-Saavn | ex-CTO Reliance Retail | Multiple startup founding member
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Arthi Rajesh
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Tawfik Hammoud
Chief Client Officer & Chair, Industry Practices at Boston Consulting Group
Updates
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At BCG, our culture is people-focused and we’re proud to have an environment where everyone feels appreciated, heard, and valued. AccessAbility@BCG, our global employee resource group, seeks to foster inclusion and community among people with disabilities, neurodiversity, and chronic illnesses as well as caregivers. From peer mentorship to external partnerships, our groups are working to break the stigma and build a more accessible workplace for everyone. Learn more about our impact and commitments: https://on.bcg.com/3XwLZxN
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How did a global biotech company use a tailored, holistic organizational-design approach to achieve $1 billion in gross cost savings and an optimized blueprint for growth? Here’s their (scientific) method for success: 🔬 Observation: Faced with revenue declines and reduced operation margin, one company worked with BCG to implement a transformative organizational redesign. 📝 Hypothesis: A cascaded and holistic organization-design approach can effectively reduce operational costs and increase efficiency, enabling reinvestment in strategic growth areas. 🧪 Method: BCG's proprietary tools will center the transformation around three areas: the operating model blueprint, driving greater accountability, and organizational design and talent selection. 📈 Results: Speak for themselves. Learn more about their #RightToWin journey here: https://on.bcg.com/4cVLhyF
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On this edition of "Up Next," Christoph Schweizer reflects on his 27-year journey at BCG. "I have a lot of faith in the next generation of leaders," he says. "They are digital and AI natives, have a powerful understanding of the challenges of climate and sustainability, and seem to have a much more global outlook. We’ll be in good hands." Read about his insights into navigating leadership amidst the advancements in AI and global challenges like climate change and inflation, and read the book that should be on your reading list.
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With BCG, New York Life Insurance Company is using generative AI to improve operations and client-agent interactions. New York Life, the largest mutual insurer in the US, is committed to using AI responsibly to enhance risk management and innovate within regulations. Despite some legacy technology systems, it is pursuing transformative changes in key areas like claims, servicing, sales, and marketing. In a conversation with BCG's Joe Khoury, Alex Cook and Don Vu from New York Life recently discussed how they are preparing for the future with agility in their people, processes, and technology. Watch the full video here: https://on.bcg.com/NYLife
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GenAI boosts productivity, but what happens when workers use it for tasks beyond their skills? To find out, BCG Henderson Institute and BCG X conducted a scientific experiment, with Emma Wiles from Boston University, and technical support from Pamela Mishkin of OpenAI's Economic Impacts Research. The study found that, with the help of GenAI, BCG consultants with no prior experience of coding or statistics were able to write code, appropriately apply machine learning models, and correct erroneous statistical processes. In fact, participants who used GenAI achieved an average score equivalent to 86% of the benchmark set by experienced data scientists. It means that a new type of worker is entering the global talent pool: The GenAI-Augmented Worker. Read the full research here: https://lnkd.in/ezsWHXJu
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While most executives met their recent cost targets, 35% reported that excised costs crept back in 12 to 18 months. These are findings from our C-suite survey earlier this year. Why does this happen? Most organizations fail to address the root causes of their cost challenges, and most lack the discipline to manage them holistically and continuously. Here is the CEO's guide to cost discipline: the five critical actions to tackle cost challenges. ➡️https://on.bcg.com/4cNvqSN
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Is the European market for luxury electric vehicles shifting gears? Premium+ and luxury electric vehicle sales in Europe have cooled off recently, dropping from 22% growth in 2022 to 19% in 2023, but new opportunities are emerging. Millennials and Gen Z are ready to embrace battery electric vehicles (BEVs)—if manufacturers address key concerns: charging experience, battery range, and resale value. To win this segment back, manufacturers must deliver power, performance, and a seamless, luxurious ownership experience that combines digital sophistication and brand heritage. Read more here: https://on.bcg.com/3XsK0L0
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What can the decline in use of whale oil in the late 19th century, or the rapid adoption of ridesharing 150 years later, teach us about how to save the planet? Turns out, a lot. While current efforts to address climate change largely focus on supply-side solutions, complementing this with a demand-led approach—where companies create green products that are not just sustainable but also desirable—can drive faster adoption. Governments can support this by crafting policies that encourage innovation and ease adoption. As leaders prepare for climate week at the UN General Assembly later this month, BCG’s new report Turbocharging the Energy Transition by Boosting Customer Demand: Shifting from Should to Want points to a way forward on sustainability. Read more here: https://on.bcg.com/4dMYvPw
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Global Impact Coalition (GIC) is supporting the chemical industry’s journey towards a net-zero, circular future. This groundbreaking CEO-led coalition includes titans like Clariant and LyondellBasell (LYB) – hear from Richard Haldimann, Fiona van den Brink, Charlie Tan, Gabriela Schäfer, Matthias Baeumler, and Vuk Trifkovic on why this coalition matters. Through collaboration and innovation, the GIC is tackling big challenges and scaling up new technologies to slash carbon emissions and boost circularity across the industry. Learn more about GIC and BCG’s efforts to advance towards a net-zero future: https://on.bcg.com/3MtQXFe