PwC Releases 2018 AI Predictions For How To Shape Business Strategy
PwC just released a new report on AI predictions and how it will help share business strategy in 2018. PwC's advisory marketing leader Matt Lieberman sits down with Alyssa Julya Smith in Los Angeles to discuss how businesses can start to implement these strategies and what it means for overall industries.
Lieberman talks about one of the insights which claims AI will not impact employment. The general worry out there is that robots will start taking away jobs for humans, but PwC’s predictions disagree. Lieberman explains that the findings indicate AI will help humans and machines work together.
Another area that study looks at is the role of AI when it comes to data. 59 percent of executives say BIG DATA at their company would be improved through the use of AI, which is beneficial to big businesses that have a hard time analyzing and putting their data to use.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
