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Articles by Cliff Justice
Assessing the Risks and Opportunities of Generative AI
Browse by Topics Audit and Risk Compliance Corporate Governance Cybersecurity Technology ESG Write For Us Contact Us nacdonline.org Topics: Risk Management,Spotlight,Technology Topics: Risk Management,Spotlight,Technology The early months of 2023 have highlighted the startling advances in the development and use of generative artificial intelligence (AI)—the promises and perils of the technology—and its ability to create new, original content such as text, images, and videos.
AI and ChatGPT: Top Questions for Boards to Consider
Directors should be asking about privacy, intellectual property, cybersecurity and more. Artificial intelligence (AI), including ChatGPT, has now ushered its way regularly into management conversations. AI can provide an organization with a competitive advantage or make its operations more efficient. But the technology also poses legal risks, and board members need to ask the right questions to ensure those risks don’t outweigh the benefits.
Key Considerations for Boards Confronting C-Suite Succession
Effective risk management demands a multidimensional, strategic approach. Succession planning is a critical component of enterprise risk management. Getting succession planning right can mitigate adverse impacts on a company’s ongoing operations, stock price, employee morale and investor confidence. Executive succession planning has historically had a singular focus — identifying a successor CEO.
The Increasing Power of Generative AI
Generative AI will transform every part of our lives, including what we believe to be true and the heuristics of how we think. Generative AI isn’t only a technological turning point. It’s a cultural flashpoint. Sixty-five percent of executives say the technology will have a high or extremely high impact on their firm in the next three to five years, according to a recent KPMG survey.
Want to win in the metaverse? Think internal first
Home › Insights › Want to win in the metaverse? Think internal first In late 2022, KPMG International commissioned Forrester to carry out a global survey of TMT executives from technology, media and telecommunications. Seven hundred and sixty-seven global strategy decision makers, at companies with US$250M+ in annual revenue, participated in the survey from 13 different countries across 5 continents.
Do the Hard Work to Make Innovation Easier
Industries are dealing with exponential changes to the business environment that require greater discipline and agility in the innovation portfolio. More than ever, companies must have a robust innovation capability to develop solutions that meet changing customer and market demands, solve emerging business and operational problems, create and maintain future relevance, and drive growth in the new reality.
The new imperatives in a post-COVID-19 world: Innovation, agility and openness
As the post-COVID-19 world resumes, companies are still grappling with how to incorporate innovation in a way that reflects the current and future business outlook for their sectors, especially in areas where innovation must be prioritized to remain competitive.
Connect minds and machines to redefine the future of work
According to the Organisation for Economic Co-operation and Development (OECD), between now and 2025, nearly one in two jobs is expected to be significantly disrupted by automation. In offices around the globe, smart machines and automated software - "bots" - are already performing numerous basic tasks, and even making decisions that were previously the domain of humans.
Connect Minds And Machines To Redefine The Future Of Work
According to the Organisation for Economic Co-operation and Development (OECD), between now and 2025, nearly one in two jobs is expected to be significantly disrupted by automation. In offices around the globe, smart machines and automated software—“bots”—are already performing numerous basic tasks, and even making decisions that were previously the domain of humans.
Intelligent Automation: Ready, Set ... Fail?
Intelligent automation (IA) is ready for its star turn. The challenge now is that many companies are still struggling to figure out how to scale IA’s digital-first operating model and create that starring role for IA in their enterprise’s Big Picture. This gap between expectations and execution is one of the key findings of a comprehensive new study from KPMG that assesses the promises and pitfalls of IA through interviews with executives from numerous industries and geographies worldwide.
Ready, Set, Fail?: Avoiding setbacks in the intelligent automation race
Respondents demonstrated high hopes but little readiness to drive IA deployment at scale and use it as a vehicle for organizational transformation.
Using Automation To Enhance Not Replace The Workforce
Seismic technology innovations continue to offer companies both opportunities and risks, and many in the workforce feel the stakes are higher than ever before. Will workforce automation raise needless anxiety for top executives? Or will it unlock dynamic growth by empowering workers to reach new heights of innovation and productivity?
Is Your Company Ready for the Era of Intelligent Automation?
The age of Intelligent Automation (IA), defined as artificial intelligence combined with process automation technology, is becoming increasingly realistic as new advances to devices and software become commonplace in our professional and personal lives.
KPMGVoice: Making Sense Of Digital Labor
Will it happen? Yes. Business process applications and computer intelligence are converging, promising a world where cognitive systems handle many business processes now done by humans—faster, with fewer errors. Forerunners of this sci-fi-like digital labor are already at work at select companies copying and pasting order information into spreadsheets, answering customer questions in call centers and helping technicians diagnose equipment maintenance issues.
AI Adds a New Layer to Cyber Risk
Cognitive and AI technologies are a certainty of our future. While they have the power to bring immense potential to our productivity and quality of life, we must also be mindful of potential vulnerabilities on an equally large scale. With humans, a security breach can often be localized back to the source and sealed. With cognitive and AI breaches, the damage can become massive in seconds.
KPMGVoice: Automation Of Skilled Labor
Within the next decade, more than 120 million skilled jobs - a third of the world's total -will be largely performed by robots.
A new era in digital labor
Estimates suggest that by the year 2020 we will have 20 billion devices connected to the Internet. Industries are shifting, lines are blurring, and markets are changing all as a result of a technology and digital-centric approach to commerce and business. In this podcast, Cliff Justice, Partner in KPMG’s Innovation and Enterprise Solutions group, sits down with Stan Lepeak to discuss: Duration: Approximately 14 minutes. Activate the recording with the play button over the image.
KPMG's Executive Symposium on Robotic Innovations
The coming wave of automation – enabled by the confluence of robotic process automation (RPA), machine learning, cognitive platforms and advanced analytics – is one of the most important, and potentially disruptive, changes facing businesses today. While there are currently 240 million knowledge workers who create a $9 trillion segment in the global workforce, digital change and automation will impact more than half of these jobs.
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