What The Death Of The Cookie Means And More
Now You KnOW features quick insightful takes on the issues of the day that matter most to you.
Weekend must read
Digital cookies allow brands and advertisers to learn about you and your online interests without you explicitly telling them. As Google’s phaseout approaches, organizations will have to change their mindset and shift their focus from customers to all data sharers for success. Here’s how companies can deliver a prospect-first experience in this new era.
Did you know?
The global market size for cell and gene therapy is projected to grow to $37 billion over the next five years
The optimism surrounding these innovative therapies is driving a 46% compound annual growth rate. Closing the commercial viability gap will be a key priority to successfully provide large patient populations with access to the immense potential these therapies offer.
Industry briefing
A roadmap to sustainable travel: Travel and tourism companies are facing new regulations to disclose and reduce the greenhouse gas emissions produced by the industry from air travel, cruises, bus tours, hotels, and other activities. Being a sector that operates both globally and locally, this translates into a multitude of climate-related rules and standards that the industry must comply with, as companies often answer to regulators at all levels of government. Our Sustainability Readiness Roadmap, produced with the World Travel and Tourism Council, outlines the approach.
Bank-Fintech M&A: The last decade saw rapid fintech growth and expansion. The dynamics of this era are now shifting due to various factors, including the interest rate environment, regulatory change, and product transformation. Banks have evolved through this period, defying predictions of obsolescence by building and acquiring new capabilities. Examining this decade of change, we provide a deal-driven perspective on bank acquisitions of fintech over the past 10 years.
Corporate scoop
Evolution of risk appetite: Over the past decade, most banks have worked to articulate their risk appetite and to establish necessary monitoring through risk metrics, reporting, and associated processes. Now, as customers, the industry, and the economy continue to evolve, banks view risk appetite less as a static risk management statement and more as a living, breathing risk management tool that adapts to a bank’s circumstances and acts as the connective tissue within the broader risk management apparatus.
Redefining retail in an AI era: As skepticism around the authenticity of artificial intelligence grows, transparency can become a marketing advantage. This is evident in an online retailer who recently published a report on a generative AI-powered virtual room capability, attracting consumers eager to engage with the technology. Brands that build trust with their customers will see an advantage against their competitors, as consumer trust is increasingly dependent on transparency in AI use.
Oliver Wyman in the news
Forbes: The Gendered Impacts Of AI On Women's Careers
Financial News: 'Game-changingly big’: City titans call for UK sovereign wealth fund
The National: New AI chief role in UAE federal units reflects long-term strategy, say experts
Who to follow
James Davis, co-head of Climate and Sustainability
Gabe Knapp, partner in our Pricing, Sales and Marketing Practice
Victoria Evans, partner in our Government and Public Institutions Practice
More insights
Turning climate intent into action