Oliver Wyman

Navigating the future of cybersecurity and digital identity, plus a look at long-term care's $500 billion spending challenge, privacy-first advertising, a new leader in carbon renewals, and more in the latest edition of Now You KnOW. ? #cybersecurity #DigitalIdentity #privacy

The team is excited to announce that Matt Austen has rejoined Oliver Wyman as the Managing Partner and Head of Asia Pacific. With 30 years of consulting and executive experience, Matt brings a wealth of knowledge and a proven track record of leadership to this pivotal role. As part of our global leadership team, Matt will spearhead our initiatives across the Asia Pacific region, reinforcing our commitment to delivering exceptional value to our clients. Join us in welcoming Matt back to Oliver Wyman! To learn more about Matt, visit his profile here > https://owy.mn/4dNUuJR #Leadership #Consulting #AsiaPacific Oliver Wyman Asia Pacific

This past week, we’ve seen AI help land a starship, help drive a cybercab, and participate in a robot demonstration that resembled the movie portrayals people associate with AI. However, when technology becomes truly autonomous, will you trust it? We dive into the application of AI in the rail industry and how it could reshape the sector, from operations and planning to customer service and autonomous driving. We examine the success factors and challenges in AI implementation > https://owy.mn/4eWQkjM #Rail #AI #AutonomousDriving

Can AI make banks less vulnerable? We move from hype into reality with this real life use case from our AI team, Oliver Wyman Quotient. Join us on the ground at the Singapore FinTech Festival, where you can test your organization’s AI readiness. Learn about our presence and sessions > https://owy.mn/4dKSZw2 #SFF2024 #OliverWymanQuotient #AI

The transformation of airline retailing has begun, with announcements of the first wave of adoption of ONE Order by major global airlines underway. ONE Order will simplify airline reservations, delivery, and accounting systems, enabling new ways to conduct business and enhancing the customer retail experience. In our latest paper, we explore Air France-KLM’s journey to ONE Order, challenging other airlines to tackle the real business transformation ONE Order can enable but doesn’t necessarily guarantee without the right approach. Explore our key learnings > https://owy.mn/3TZT3Re #Aviation #Retail #OWTransportation

Did you know, retail store managers believe that 45% of their own jobs could be automated by generative AI? In the dynamic world of retail, the role of store management can be elevated by shifting focus from task execution to validation and action-taking. For example, generative AI can support store and department managers through automated reporting analysis, summary of insights, and action planning based on multiple daily store and department performance reports, alerting compliance issues, flagging waste reduction opportunities, or detecting fraud in stores. ? Learn more here > https://owy.mn/3Y5AFYq #GenerativeAI #Retail #StoreManagement

The global rail industry is at a pivotal moment, with emerging trends set to redefine its future. After attending InnoTrans 2024, our team identified six key areas of focus: signaling innovation, sustainability, cybersecurity, AI advancements, the rise of Asian market players, and the critical need for diversity. These insights are essential for enhancing the rail sector's competitiveness and inclusivity. Learn more > https://owy.mn/4f1gbHm #Rail #InnoTrans2024 #OWTransportation

Gen Zers believe “it’s okay to not be okay” — and they see less stigma in seeking help, with 39% using in-person or online therapy services. Gen Zers are 41% more likely than older generations to discuss addiction. And almost half are willing to talk about mental health with their work colleagues, a topic that historically was taboo. More on how Gen Z is changing the dialogue around mental health in the office in our report > https://owy.mn/3BDmFh3 #MentalHealth #GenZ #WorldMentalHealthDay

What are the challenges created by global aging and the shifting of the retirement burden onto individuals? In our 2024 Global Wealth and Asset Management edition with Morgan Stanley, we explore the global industry outlook and how wealth and asset managers can capture the $400 billion incremental revenue opportunity arising from these dynamics. We also provide an update on the generative AI revolution and lessons learned over the last year. The greatest value will accrue to those firms that can adopt a “retirement ecosystem mindset” and assemble client-centric solutions — either through partnerships, breaking down internal silos, or pursuing technology-driven platform plays — that cut across the asset management, wealth management, and insurance industries. Not only does solving the retirement challenge create a tremendous revenue opportunity for wealth and asset managers, but it will also provide a huge societal benefit as well. Read the report here > https://owy.mn/3NigwcK #AssetManagement #WealthManagement

Next week, we'll usher in a “New Age of Finance” as we host our annual Financial And Regulatory Outlook Conference in Rome. Jointly presented with the Centre for International Governance Innovation (CIGI), the event will bring together leaders from both the public and private sectors to discuss the role of finance in harnessing investment and growth. Stay tuned for takeaways. #OWForum #NewAgeOfFinance #FinancialServices