Rio Tinto, one of the largest mining firms in the world, moves one million tons of iron ore to global steel mills every day. To help do that more efficiently, it has partnered with BCG and BCG X to transition from a 30-year-old scheduling system to a modern, AI-powered platform. The new system, which makes multi-million-dollar trade-off decisions hundreds of times every day, has reduced onboarding time from twelve months to just one, doubled scheduler productivity, and paid back the investment in less than 3 months. Watch the full video and learn more: https://on.bcg.com/3OY7nHj
Boston Consulting Group (BCG)
Business Consulting and Services
Boston, Massachusetts 4,691,444 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
Get directions
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 Platinion/X, 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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BCG's new AI Maturity Matrix examines the global dynamics of AI adoption, focusing on: 1️⃣ AI exposure: analyzing AI's potential to impact a sector in an economy, whether positively or negatively. 2️⃣ AI readiness: assessing each economy's preparedness to leverage AI for growth and to manage potential risks. The result? A detailed matrix that identifies six unique AI economic development archetypes and their opportunities, along with an interactive dashboard for deeper insights. Explore our tailored recommendations for each archetype, designed to guide policymakers: https://lnkd.in/ekNXW3n6 Discover where your economy stands below!
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‘Twas the last "Up Next" before New Year, and all through this edition, The best of 2024’s conversations filled our reflection. From bold innovations to strategies so refined, These highlights of the year left a mark on our minds. As we close out the year and look to what’s next, Let’s embrace the bold with ideas complex. This final edition bids you good cheer, Onward to 2025, let’s make it a great year!
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Only one in four companies have cracked the code to turn AI experiments into real business impact. Leaders unlock up to 50% efficiency by reshaping critical functions with people centered strategies, allocating 10% effort to algorithms, 20% to technology and data, and 70% to people and processes. What Sets AI Leaders Apart? 1️⃣ They set ambitious targets and make bold investments 2️⃣ They focus on fewer efforts for greater ROI 3️⃣ They focus on the core—using AI to transform essential business operations, not just support areas From HR and finance to sales and risk management, leaders are making AI pay off by building future-ready, AI-powered functions. Check out the leader’s guide to transforming with AI. https://lnkd.in/eR3cYftT
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In Nepal, 22,000 forest communities have reversed decades of deforestation. Their story is a testament to the power of local leadership, ancestral knowledge, and high-and-low tech innovation. Could this model inspire new approaches globally? In this documentary, which will be released on Amazon Prime in the coming days, the scientific explorer Nicolas Plain, PhD travels from the forest of Nepal to the mountains of France to tell the story of how community-led solutions can drive sustainable change at scale. BCG is proud to sponsor this new documentary series, that has been made in association with Schneider Electric. Read more here: https://on.bcg.com/4ftrCax
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With AI transforming the energy industry, companies must prioritize agility and focus on people, processes, and culture over tools and algorithms. Key areas of focus include: ✅ Deploying AI and GenAI in everyday tasks and critical operations ✅ Fostering a culture of innovation that embraces risk-taking ✅ Upskilling workers to harness AI’s full potential ✅ Ensuring access to quality data for seamless integration Find out how energy companies can unlock AI’s full value and secure a competitive edge: https://lnkd.in/e4bbUkBc
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By inviting collaboration across the agri-food value chain, the COP28 Action Agenda on Regenerative Landscapes has helped accelerate the global transition to regenerative agricultural practices since its launch last December. Participants in the Action Agenda – co-led by BCG, COP28 UAE, WBCSD – World Business Council for Sustainable Development, and supported by High-Level Climate Champions – must demonstrate significant progress measuring impact across a range of dimensions, including soil health, greenhouse gas emissions, biodiversity, water management, and farmer livelihoods. In the run-up to COP30, we invite all food and agriculture value chain stakeholders, financiers, and policymakers to engage with the opportunity to shape the future of food, fuel, and fiber. Let’s work together to create a resilient system that benefits us all. Learn more and get involved: https://on.bcg.com/4gK5Ukv
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Some companies successfully meet their cost-savings targets, but many struggle to sustain those savings and limit the negative impacts on growth. The cost of goods sold (COGS) is ripe for reduction efforts. There are five areas that manufacturers should focus on in order to design a COGS program that delivers sustainable savings. These areas include procurement, design to value, manufacturing, footprint, and supply chain., Read the full article: https://on.bcg.com/COGS
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Since 2017, we’ve worked with Fortune to produce the Future 50, an index of companies with the greatest potential for future growth—along with outsized returns for shareholders in the long term. This year, we assessed the technological capabilities, talent, culture, and strategic orientation of 3,000 public and private companies to generate the final ranking. Here are the key findings: 🟢 Tech leads the pack, as over half of the companies are software providers. 🟢 AI remains a huge growth engine, as nearly Future 50 tech firms feature AI in their products. 🟢 The US maintains innovation leadership, as 38 of this year’s Future 50 are US-based. Read the 2024 rankings now: https://on.bcg.com/41v4pkV
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