Discover how organizations can leverage emerging technologies, such as artificial intelligence (AI), to boost their capabilities and stay ahead of the competition! BearingPoint’s latest report highlights four prerequisites for becoming “augmented organization,” where AI and other technologies drive productivity and innovation. Nordic companies are making significant progress, but there are still challenges to overcome. Dive into this article to explore the key findings from the Nordics, showcasing both progress and areas for improvement.
What is an Augmented Organization?
An augmented organization strategically uses AI and other advanced technologies to boost operational efficiency, elevate customer and employee experiences, and drive sustainable innovation. Embracing this evolution is essential for staying competitive in today’s fast-paced environment.
According to BearingPoint’s study, “Becoming an augmented organization”, the journey toward this transformation involves four essential prerequisites:
- Effective AI Governance – Ensure AI aligns with business goals and upholds ethical standards through a robust, cross-functional governance framework.
- Optimized AI Investments – Focus on strategic AI deployments that drive innovation and productivity.
- Empowerment Culture – Foster a culture that embraces continuous learning and adapts to technological change.
- Trust in AI – Build trust by addressing security, ethical, and legal concerns.
How do Nordic organizations compare?
Nordic organizations, while on par with global peers in many areas, face specific challenges that can impact their growth:
- Technology and policy focus: Nordic organizations prioritize AI guidelines but often lack a unified strategy. Unlike their global peers, they tend to evaluate AI initiatives separately instead of as part of a comprehensive plan.
- Cautious AI approach: Nordic companies take a conservative stance, often focusing more on potential challenges than on the opportunities AI presents. This contrasts with global counterparts that see AI as a driver for value creation.
- Ethics and skills concerns: Nordic executives are particularly worried about ethical issues and regulations related to AI, as well as a shortage of skilled personnel. These concerns are more pronounced than those of global peers.
The path forward for Nordic organizations
While Nordic organizations have laid a solid groundwork, a shift toward comprehensive, strategic adoption is essential. By strengthening their strategic focus, nurturing an empowerment culture, and fostering trust in AI, Nordic companies can better position themselves for a future where agility and technological expertise are key.
Discover more
For a deeper understanding of key success factors and insights into effective AI adoption strategies, download BearingPoint’s full report on becoming an augmented organization.
