Oliver Wyman

From parenting to pets, plants to cars, there's a community for everyone on Reddit. How the brand garnered its reputation, plus a look at pride activations that really work, banks and blockchain, smart workforce planning, and more in the latest edition of Now You KnOW. #reddit #branding #SocialMedia

Picture young Emirati girls watching videos of the South Korean group BlackPink on Chinese-owned TikTok - this is the new face of the New Silk Road. The region, once characterized by factories and oil fields, has emerged as a digital disruptor. Home to leading digital players and content creators, 41% of its population is below the age of 30, making it over a billion and a half-person market of early digital adopters. Generative AI, with its potential to add up to 20 trillion USD to the global GDP by 2030 and save 300 billion work hours annually, is set to further revolutionize this digital landscape. It for example allows for more dynamic game worlds and user-generated content, catering to a region rich in diverse cultures, languages, and preferences. For a deeper understanding of this transformation, watch this insightful video from Ana Kreacic. To further explore the region's digital disruption, we invite you to delve into our comprehensive New Silk Road series > https://owy.mn/3ygCIzP #AI #Digital #NewSilkRoad

As we continue to celebrate Pride month, our alum, Chandler Dalton, reflects on the progress he’s seen from his time at the firm to his current venture, pursuing his MBA at Yale. “Over my 5 years at Oliver Wyman, I felt a positive change regarding LGBTQIA+ belonging, both personally and within the workplace. More and more over the years, it felt like a place where I felt comfortable bringing my whole self to work--where I didn't feel pressure to be "passable" or avoid correcting people if needed. Through OW, I met some of my best queer friends and allies whom I will cherish for years to come. Since starting at Yale School of Management, I became involved with our queer student organization (appropriately named "Out of Office") as a first-year lead. I've aimed to help foster community within the business school while also engaging allies. While I think Yale, like OW, has come a long way in recent years, we continue to face similar challenges.  First, there is a small and active group of allies, but others are non-participatory in affinity-related events which are meant to engage the broader community (such as Yale Pride Week). We see the same faces coming to support and learn about how we can continue to progress; however, it's quickly becoming a case of "preaching to the choir." While we appreciate these allies greatly, it's been difficult both at Yale and OW to engage those who do not see value in showing up. Allies are extremely important in supporting queer belonging, and if we could increase participation in community-wide events, it would really mean a lot. Second, I've seen significant progress for the largest populations of LGBTQIA+ (i.e., gay men); however, there has been less acceptance of other groups, such as the trans community. Even small demonstrations of allyship like saying pronouns when introducing yourself have proven too much for many. I think Yale is ahead of the curve in many ways; however, the whole curve needs to continue to shift, and we cannot accept part of the queer community and continue to ostracize another part.  I've been thrilled to see a change in queer belonging in work and in school--it's made a world of difference for me--and I'm excited and hopeful to see both realms continue to evolve in the right direction.” #Pride2024 #PrideMonth #Belonging

Green hydrogen has a cost problem. Made with renewable energy and key to decarbonization efforts, the cost needs to be low enough to create a sizeable demand and justify significant commercial-scale production and capacity. However, the costs of supplying green electricity and high interest rates have led to several major green hydrogen projects being scaled back or even canceled in the past few years. But, six actions have proven that long-term economics can still work. You can learn about six actions and the regulatory implications that come with managing the production of green hydrogen here > https://owy.mn/3VsuZHP #GreenHydrogen #CleanEnergy #Decarbonization

This week our team attended the #ParisCyberSummit, one of the largest annual events on transformation, tech, and cyberspace. Surrounded by different EU leaders and decision-makers, Emmanuel Amiot, Partner at Oliver Wyman, moderated a roundtable discussion between Thomas Reagan, Global Head of Cyber at Marsh, Charles Beigbeder, Thibaut Claes, and Vincent de Crayencour, about the possibilities and challenges of financing growth in tech. Allocating resources to technological and cyber initiatives and education are the major challenges of the near future. #Cyber #AI

Effective upskilling of employees is an essential piece of the journey to AI adoption – but many leaders are underestimating the sizable delta between what they anticipate employees will need, and what the employees themselves are saying. According to Oliver Wyman Forum's data, 57% of employees surveyed report that they are currently receiving insufficient AI training from their employer. Read more > https://owy.mn/3HigjDx   #Skill #AI #Talent

Restoring mangroves is not only essential for preserving biodiversity but also for mitigating climate change. Mangroves are powerful carbon sinks, capable of removing significant amounts of CO2 from the atmosphere. As an early investor and as part of our Mangrove Breakthrough initiative, one of our Climate Leadership Portfolio partners, we proudly support the establishment of a secretariat to support their mission of protecting 15 million hectares of mangroves by 2030. Read more to learn about the Mangrove Breakthrough Initiative and our commitment to nature-based solutions > https://owy.mn/3V7Lx6S #MangroveBreakthrough #WorldEnvironmentDay #OWForSociety

The last decade has seen branch banking approaches diverge significantly. From digitalization to sociocultural issues and many factors in between; discover how banks around the world are tailoring their strategies between digital and physical channels > https://owy.mn/4c5TEYg #FinancialServices #RetailBanking #Economy

Businesses have become too dependent on analytics to predict the future and to use these predictions to set strategy. But continually using predictions to dictate direction can have the unintended consequence of diluting the company's core value proposition. Frank Roberts, Principal in our Energy and Natural Resources practice, shares his take on how best to leverage advanced analytics > https://owy.mn/4bIdSYs #Analytics #Business #Strategy

In an era of increased scrutiny, energy and trading companies need to find new ways to understand performance, allocate capital, and make strategic decisions. Following these four steps to create a common currency can be a key differentiator for driving real returns without overstretching your exposure to risk. You can learn more about the current state of the industry, anticipating regulatory requirements, and the benefits of a common currency here > https://owy.mn/3R7YCM2 #Risk #Strategy #Energy