Tag: competitive advantage

To minimise environmental impact, many organisations seek to implement eco-conscious strategies into their operational practices.

Tenders are complex and competitive with multiple, highly-skilled organisations vying for the same projects and opportunities. This makes it key that companies stand out, showcasing their expertise and offerings in ways that underscore the invaluable tenets of cost-efficiency, quality, proven capability and productivity.

As economic conditions keep getting tougher, consumers are paying more but have less to spend, which means that value is becoming more important than ever before. From a business perspective, whether it’s a website, an app or a business process redesign, extracting maximum value from all decisions is the aim of the game.

Approximately half of Africa’s family-owned businesses believe their customers do not trust them. This key finding from our Africa Family Business Survey 2023 should be viewed as a notable concern for the continent’s family businesses, many of which have spent decades crafting their legacy.

While digital transformation may seem like an overwhelming exercise for enterprises with a large investment in legacy infrastructure, the reality is that it has become imperative. The longer businesses delay, the further behind they will fall when it comes to their ability to innovate and be agile in the face of change.

Imagine that you’re updating your CV or LinkedIn profile. When listing your skills, would you be able to state that you are ‘proficient in the use of ChatGPT3’? This revolutionary Artificial Intelligence (AI) tool was launched in November 2022, so knowledge workers have had several months to teach themselves to use it, and to understand its many capabilities and limitations. 

The adoption of accelerated, or automated underwriting, which uses advanced artificial intelligence and machine learning technologies to evaluate risk and underwrite life insurance, has been limited to date. This can partly be attributed to insurers cautiously rolling out automated decision-making, opting instead for small-scale improvements to risk frameworks.

Over two years beyond the pandemic, the skills gap remains high, affecting productivity. Leaders now focus on leveraging the full potential of data, technology and people to speed transformation and growth. They've put it at the top of their agenda, and according to our research, it's the priority.

The 4th Industrial Revolution (4IR), driven by the rapid pace of disruptive innovation and exponential technological breakthroughs, has changed the way we live, work and interact with each other. It is characterised by unprecedented processing power, storage, access to knowledge and the blurring of lines between physical, digital, and biological space.

2022 was a rollercoaster - I don’t think any of us could have predicted what was to come. The constant through it all was the importance of technology to overcome our near-term obstacles and to realise our long-term opportunities.