Latest news with #AITransformation
Korea Herald
20-07-2025
- Business
- Korea Herald
Woori Financial unveils AI-led growth strategy
Woori Financial Group held a business management strategy meeting Friday to share its vision for growth centered on group-wide synergy and a shift toward artificial intelligence. Woori Financial Chair Yim Jong-ryong highlighted that the group will pursue synergy following the recent acquisition of Tongyang Life Insurance and ABL Life Insurance earlier this month, in addition to the launch of Woori Investment & Securities last year. "Now that Woori Financial has completed its transition into a comprehensive financial group with the inclusion of a securities firm and insurance companies, this is truly a golden time to demonstrate real synergy," Yim said. He further stressed the need to push for a company-wide shift to integrate artificial intelligence, which the firm labeled as AI Transformation, or AX. "AI is no longer just a tool. It is a partner we work alongside. Those who understand and know how to leverage AI will become the key talents of the future," Yim said. Oak Il-Jin, head of the digital and IT unit at Woori Financial, shared the strategic direction of the group's AX efforts. Twenty-five working-level staff members in charge of AX were introduced, sharing their insights from the field as well. Lee Jae-jin, professor of computer science and engineering at Seoul National University, gave a lecture, highlighting the importance of securing high-quality training data to support the AI transformation. Friday's meeting was Woori's first group-wide business management strategy event since the addition of the two new insurers, bringing together some 400 executives and employees from all affiliates, including banking, insurance, card services and securities.
Korea Herald
20-07-2025
- Business
- Korea Herald
Woori Financial unveils AI-led growth plan after insurer M&As
Woori Financial Group held a business management strategy meeting Friday to share its vision for growth centered on group-wide synergy and a shift toward artificial intelligence. Woori Financial Chair Yim Jong-ryong highlighted that the group will pursue synergy following the recent acquisition of Tongyang Life Insurance and ABL Life Insurance earlier this month, in addition to the launch of Woori Investment & Securities last year. "Now that Woori Financial has completed its transition into a comprehensive financial group with the inclusion of a securities firm and insurance companies, this is truly a golden time to demonstrate real synergy," Yim said. He further stressed the need to push for a company-wide shift to integrate artificial intelligence, which the firm labeled as AI Transformation, or AX. "AI is no longer just a tool. It is a partner we work alongside. Those who understand and know how to leverage AI will become the key talents of the future," Yim said. Oak Il-Jin, head of the digital and IT unit at Woori Financial, shared the strategic direction of the group's AX efforts. Twenty-five working-level staff members in charge of AX were introduced, sharing their insights from the field as well. Lee Jae-jin, professor of computer science and engineering at Seoul National University, gave a lecture, highlighting the importance of securing high-quality training data to support the AI transformation. Friday's meeting was Woori's first group-wide business management strategy event since the addition of the two new insurers, bringing together some 400 executives and employees from all affiliates, including banking, insurance, card services and securities.
Business Insider
02-07-2025
- Business
- Business Insider
Internal Microsoft memo lays out its new strategy for selling AI as the company cuts salespeople
Microsoft's sales chief, Judson Althoff, is revamping his unit to make it more AI-focused, according to an internal memo viewed by Business Insider. Althoff, the company's chief commercial officer, sent the memo to the sales unit, called Microsoft Customer and Partner Solutions (MCAPS), a day before the company announced a significant round of layoffs. Those layoffs affected many salespeople in Althoff's organization, sources familiar with them said. The memo did not mention the layoffs, announced beginning July 2 in separate communications to employees. Althoff's memo called for "continued agility" and "reinventing Microsoft and MCAPS" to become "the Frontier AI Firm," and outlined the five priorities of the sales organization: Establish a Copilot on every device and across every role Strengthen our M365 and D365 execution and penetration across all segments Create meaningful AI design wins Grow our cloud platform business by migrating and modernizing workloads to Azure Build a cybersecurity foundation to enable secure AI Transformation Althoff in April unveiled plans to slash the number of the sales team's "solutions areas" by half during the next fiscal year, which started July 1. BI obtained copies of slides from Althoff's April presentation, showing the company planned to condense its six previous areas into three: AI Business Solutions, Cloud & AI Platforms, and Security, according to those slides. AI Business Solutions will focus on getting "Copilots on every device across every role" and on selling Microsoft 365's suite of business applications and Dynamics 365 customer relationship management service, according to the July 1 memo. Cloud & AI Platform will include the company's Azure business, its AI "agent factory" Foundry, and data analytics platform Fabric. That group will be focused on frontier AI solutions and migrating and modernizing cloud workloads to Azure. Security focuses on selling Microsoft's security tools. "We have spent a lot of time playing defense over the last year, and it is now time to compete more aggressively," Althoff said, referring to the security solutions area. The changes come as Microsoft faces increasing competition for enterprise customers in AI from companies like OpenAI and Google. Microsoft has an advantage in that many large companies already use its other tools, but many of those companies' employees want the more well-known ChatGPT.
Yahoo
20-06-2025
- Business
- Yahoo
Amazon CEO Says Generative AI Will Reduce Total Corporate Workforce
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Inc (NASDAQ:AMZN) chief Andy Jassy in a blog post on Tuesday, highlighted the company's extensive leveraging of Generative AI to drive value. Technologies like Generative AI are rare and come about once-in-a-lifetime, completely transforming possibilities for customers and businesses, Jassy said, justifying its aggressive investment. He stated that Alexa+, the company's advanced Alexa personal assistant, is the first personal assistant that can take significant actions for customers while providing intelligent answers to virtually any question, citing its tens of millions of customers worldwide. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Jassy stated that this AI-driven transformation might reduce the corporate workforce in the coming years due to increased efficiency. He recommended being curious about AI and educating yourself by attending workshops and training. He highlighted the huge impact of Gen AI and said that nearly half a million selling partners are using these services, and the listings they are creating are measurably better. Jassy wrote about how the company transformed advertising with AI, helping brands plan, onboard, create, and optimize campaigns. He said over 50,000 advertisers used these capabilities in the first quarter alone. Jassy highlighted Generative AI's crucial role within Amazon Web Services (AWS) for developers and in optimizing internal functions such as fulfillment and customer service. He also pointed to the development of AI agents to automate tasks and accelerate also restructured its Customer Service Chatbot with GenAI and assembled more intelligent and compelling product detail pages by leveraging GenAI. Jassy underscored Amazon's substantial investment in AI, expressing a firm belief in its capacity to alter work and daily life profoundly. He envisions a future where AI agents become ubiquitous, dramatically expanding the scope and pace of innovation for consumers. He said Amazon has over 1,000 Generative AI services and applications in progress or built, which is a small fraction of what it will ultimately build. Earlier, Jassy highlighted the need for substantial capital to secure AI chips and build data centers, reiterating the need for large capital investments during the current period of 'high demand' in order to remain competitive in the rapidly changing AI landscape. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Photo via Shutterstock This article Amazon CEO Says Generative AI Will Reduce Total Corporate Workforce originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
18-06-2025
- Business
- Associated Press
Deloitte launches Agentic AI Blueprint to help unlock US$150 billion in value for telecom organizations
Deloitte's new agentic AI solution helps empower telcos to scale end-to-end AI solutions across their operations and customer experience, which can help accelerate automation and transform performance. Key takeaways NEW YORK, June 18, 2025 /PRNewswire/ -- Deloitte announced today the launch of its Agentic AI Blueprint for Telcos to help telecom organizations scale and accelerate their AI transformation. With telcos facing rising complexity and margin pressure, the industry is primed to benefit from the transformational impact of AI. While traditional AI delivers incremental improvements, agentic AI can enable true automation—empowering intelligent systems to reason, act, and adapt across core telco functions like network management, service delivery, and customer care. Deloitte's Agentic AI Blueprint can give telcos a clear, scalable path to move beyond pilots and deliver agentic AI solutions that can help boost efficiency and drive value. The solution enables telecom teams to identify and implement high-impact AI use cases—such as network management, billing, and customer service— within their existing infrastructure. Built on TM Forum's widely adopted enhanced telecoms operation map (eTOM), powered by AI and Deloitte's proprietary industry data, it helps accelerate deployment and maintain consistency with industry standards. 'Agentic AI presents a US$150 billion opportunity for the telecom industry—and the race to capture that value has already begun. To move beyond pilots and drive modernization, telcos can utilize a clear, scalable path to embed AI across their operations. Deloitte's Agentic AI Blueprint provides organizations the tools to help build and scale agentic AI solutions quickly, and efficiently.' — Baris Sarer, Telecom, Media and Entertainment, and Technology Industry AI leader, Deloitte Consulting LLP The blueprint in action: A telecom-specific approach The Agentic AI Blueprint helps telecom executives pinpoint where AI can have the most impact and design agentic workflows that help align with their operations. It includes a model for prioritizing AI use cases based on impact, a library of telecom-specific workflows aligned to TM Forum's eTOM framework, automated process engineering tools, and practical playbooks for design and implementation. Additionally, the blueprint leverages Deloitte's relationships with leading cloud and AI technology providers to help support integration. 'Deloitte's Agentic AI Blueprint will provide TM Forum members with a clear path-to-production solution using TM Forum's Open Digital Architecture (ODA), an industry-standard framework, designed to enable agile, modular, and open digital business capabilities. As we introduce our own ODA AI-Native Integration Blueprint, we believe such resources will collectively accelerate the implementation of Agentic AI use cases. Together, we're helping telecom organizations to quickly and strategically integrate Agentic AI into their operations to deliver intuitive, intelligent experiences that will turn everyday customer interactions into lasting loyalty.' — Guy Lupo, Mission Lead, AI & Data Innovation, TM Forum Building agents to power the future The Agentic AI Blueprint complements the launch of Deloitte's Global Agentic Network last month, which is helping scale AI-driven workforce solutions for organizations around the world leveraging Deloitte's expansive network of global alliances and technology relationships. These agentic AI solutions highlight a series of investments Deloitte is making, including the recently announced Global Simulation Center of Excellence, to help ensure businesses can implement AI-enhanced strategies while maintaining consistency across the geographies they serve. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the 'Deloitte organization'). DTTL (also referred to as 'Deloitte Global') and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see to learn more. Deloitte provides leading professional services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets and enable clients to transform and thrive. Building on its 180-year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte's approximately 460,000 people worldwide make an impact that matters at View original content to download multimedia: SOURCE Deloitte
