Hackett Fully Integrates Leading-Edge Gen AI Ideation-to-Implementation Insights Into Its Executive Advisory Programs
June 18 2024 - 10:00AM
Business Wire
Insights Emanate From Recent In-Depth
Conversations With Hundreds of Leading Companies Addressing Their
Primary Adoption and Deployment Considerations
The Hackett Group, Inc. (NASDAQ: HCKT) has fully integrated
leading-edge generative artificial intelligence (Gen AI) data and
insights from its recent in-depth conversations with hundreds of
leading global companies and its groundbreaking AI XPLR™ platform
into its Executive Advisory membership programs. AI XPLR empowers
executives with critical insight on how to develop comprehensive
plans to fully capture and deploy their Gen AI opportunities. It
also allows The Hackett Group® to participate as key architects of
their client’s Gen AI journey.
Gen AI adoption is a strategic imperative capturing the
headlines and mindshare of leading executives. The transformative
and disruptive potential of these emerging capabilities is
undeniable. However, research at The Hackett Group found that less
than one in 10 companies have properly considered breakthrough Gen
AI use cases that can dramatically impact their performance and
create distinct competitive advantage by identifying new ways to
market or deliver products and services and support
business-enabling functions.
Although our research estimates a 40% productivity improvement
opportunity across the enterprise, no one can adequately measure
the exponential value of innovation driven by the most ambitious
applications of Gen AI technologies, and what is now possible
through the amplification of both artificial and human intelligence
with Gen AI. Given this enormous opportunity or threat for those
who fail to act or move too slowly, the most critical decision is
what is the best way to develop a comprehensive plan to find out.
It is also increasingly clear that it is essential and incredibly
difficult to educate and mobilize the entire enterprise in the
pursuit of Gen AI enablement opportunities that require the
sophisticated use of data.
The common theme has been for organizations to consider and
respond to individual AI use case ideas proposed by software and
service providers. However, this approach isolates Gen AI knowledge
and innovation to a limited portion of the enterprise. It also
fails to educate and mobilize the entire enterprise. The Hackett
Group strongly believes that not having a complete top-down
enterprisewide plan that prioritizes use case ideas in selected
business areas is flawed and suboptimal. To realize meaningful Gen
AI-driven productivity gains, The Hackett Group believes
organizations must take a top-down enterprise approach that will
result in the identification of use cases that result in the most
impactful and feasible way to prioritize their efforts.
“We have been very fortunate to have very high engagement from
hundreds of leading companies to inform our actionable advice,”
said Ted Fernandez, chairman and CEO of The Hackett Group. “We
believe this engagement will continue and keep us at the leading
edge of Gen AI ideation through implementation issues we can share
with our clients.”
The Hackett Group’s Executive Advisory members can access the
collective knowledge from the world’s best businesses and AI
vendors through personalized, advisor-led guidance and fact-based
research that resides in its Hackett Connect™ member center. With
this integration, members now have access to crucial education,
ideation, adoption, and implementation strategies based on
implementation know-how from AI XPLR platform engagements. The
Executive Advisory programs include access to AI use cases from its
rapidly expanding use case repository, insights supported by
Digital World Class® AI benchmarks and emerging AI best
practices.
“Our research shows those who embrace Gen AI with a top-down
portfolio approach now have a unique opportunity to gain a
competitive advantage, while those who don’t face a significant
competitive risk,” said Andy Warzecha, principal, Advisory practice
leader and chief market intelligence officer of The Hackett Group.
“With access to the latest Gen AI insight and emerging AI
benchmarks, best practices, and frameworks, our advisors are
well-equipped to help members navigate their AI journeys in a way
no other provider can.”
For more information about The Hackett Group’s expanded
Executive Advisory programs, please visit
https://www.thehackettgroup.com/executive-advisory/.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP-based, Gen AI
strategic consulting and executive advisory firm that enables
Digital World Class® performance. Using AI XPLR™ – our AI
assessment platform – our experienced professionals guide
organizations to harness the power of Gen AI to digitally transform
their operations and achieve quantifiable, breakthrough results,
allowing us to architect their Gen AI journey.
Our expertise is grounded in unparalleled best practices
insights from benchmarking the world’s leading businesses –
including 97% of the Dow Jones Industrials, 89% of the Fortune 100,
70% of the DAX 40 and 55% of the FTSE 100 – and are delivered
leveraging our Digital Transformation Platform, Hackett Connect™
and Quantum Leap®.
For more information on The Hackett Group, visit
https://www.thehackettgroup.com/; email info@thehackettgroup.com,
or call (770) 225-3600.
The Hackett Group, quadrant logo, Quantum Leap, and Digital
World Class are the registered marks of The Hackett Group.
Cautionary Statement Regarding “Forward-Looking”
Statements
This release contains “forward-looking” statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and
Section 21E of the Securities Exchange Act of 1934, as amended.
Statements including without limitation, words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” seeks,” “estimates,”
or other similar phrases or variations of such words or similar
expressions indicating, present or future anticipated or expected
occurrences or outcomes are intended to identify such
forward-looking statements. Forward-looking statements are not
statements of historical fact and involve known and unknown risks,
uncertainties and other factors that may cause the Company’s actual
results, performance or achievements to be materially different
from the results, performance or achievements expressed or implied
by the forward-looking statements. Factors that may impact such
forward-looking statements include without limitation, the ability
of The Hackett Group to effectively market its digital
transformation and other consulting services, competition from
other consulting and technology companies that may have or develop
in the future, similar offerings, the commercial viability of The
Hackett Group and its services as well as other risk detailed in
The Hackett Group’s reports filed with the United States Securities
and Exchange Commission. The Hackett Group does not undertake any
duty to update this release or any forward-looking statements
contained herein.
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