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Imagine your business is a
team of pole vaulters. Envision-
ing business planning strate-
gies as pole vaulting is a use-
ful way of gauging how high
your current abilities are lift-
ing you. It is a sport that re-
quires agility, speed, strength,
and technical skills. If your
business is not able to achieve
high technical skills due to a
lack of these other categories, McKinsey
whether it be mitigated collab- Global In-
oration or exhausted resources, stitute has
there is still a lot of potential reported
to unlock. Automating and in- that by
tegrating simple but essential 2030, auto-
tasks is the key to reaching mation and
greater heights. AI-based
solutions
will be one
What the numbers say of the main
McKinsey Global Institute sources
(MGI) has reported that by of higher
2030, automation and AI-based produc-
solutions will be one of the tivity and
main sources of higher pro- improved
ductivity and improved busi- business
ness performance. Anything perfor-
that is predictable and generic, mance.
such as certain manual tasks Anything
that is
and ones that require basic predictable
cognitive skills, will be replaced and gener-
by automation at a forecast- ic, such
ed rate of 14-15 percent. This as certain
does not only apply to physical manual
labor, as we often imagine; tasks and
these can include basic ad- that re-
ministrative tasks in business quire basic
and sales planning, such as gen- cognitive
erating data reports and man- skills, will
ual updating of information. be replaced
by auto-
More companies each day are mation at a
eliminating the need to sweat
Source: Magic Wand Media forecasted
over spreadsheets where in- rate of 14-
tegrated IT platforms and ma- 15 percent.
t is no secret that automa- storming how to automate the te- chine learning can swiftly and
I tion and AI-based solu- dious and cumbersome processes accurately serve them what
that can rob time from your proj-
they need.
tions are growing across
all industries. Our world is mov- ects’ key players and detract from At the same time, MGI contin-
ing towards simplification to man- the project quality. That’s why ues, tasks that are geared to-
age increasing complexity in the streamlining business and sales wards higher cognitive func-
workplace and beyond. If you’ve planning through an automated tions and social interaction will
ever discussed accuracy and effi- approach enhances scalability, substantially grow in demand.
ciency at a Lessons Learned meet- collaboration, and strategy, lead- This transition highlights the
ing with your project team, you ing to a net gain in time, perfor- gradual need for new skills
may have already begun brain- mance, and innovation. once technology has relieved

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