Topic
38 facts from 22 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
late 1960s
Chang hired Boston Consulting Group, which proposed pricing low at the start to drive volume and speed up learning on yields, an approach called learning curve pricing.
“He hires BCG and they come up with the idea of actually pricing low to start to drive this volume and speed up the yield curve.”
2017
MIT Sloan Management Review and Boston Consulting Group have jointly researched and published on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
MIT Sloan Management Review and Boston Consulting Group have researched and published on AI together since 2017, interviewing hundreds of practitioners and surveying thousands of companies.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
MIT Sloan Management Review and Boston Consulting Group have jointly researched and published on AI since 2017.
“Together, MIT Sloan Management Review and BCG have been researching and publishing on AI since 2017”
2017
MIT Sloan Management Review and Boston Consulting Group have jointly researched and published on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
MIT Sloan Management Review and Boston Consulting Group have researched and published on AI since 2017.
“MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
MIT Sloan Management Review and Boston Consulting Group have researched and published on AI together since 2017.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners”
2017
MIT Sloan Management Review and Boston Consulting Group have researched and published on AI together since 2017.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
MIT Sloan Management Review and Boston Consulting Group have jointly researched and published on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
The hosts say MIT Sloan Management Review and Boston Consulting Group have researched and published on AI together since 2017.
“Together, MITSMR and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2017
Shervin Khodabandeh says MIT Sloan Management Review and Boston Consulting Group have researched and published on AI since 2017.
“Together, MIT Sloan Management Review and BCG have been researching and publishing on AI since 2017, interviewing hundreds of practitioners and surveying thousands of companies”
2021
Sam Ransbotham says earlier MIT SMR and BCG research found that companies placing AI functions under the CIO tended to underperform those organizing it at a higher level.
“In our research three years ago, we found that people who organized AI functions underneath the CIO tend to underperform places that organized it at a higher level.”
Undated
Bain & Company spun out of Boston Consulting Group, according to Hamilton Helmer.
“And then Bain spun out of BCG. And then Bill looks at his watch and he says”
Undated
Shervin Khodabandeh described a 10-20-70 rule of thumb in which 10 percent of AI value effort is the model, 20 percent the technology backbone, and 70 percent embedding it in the organization.
“10 is about the model and the algorithm, and 20 is about the technology backbone and all the connectivity and everything that's related.”
Undated
The BCG study used eighteen realistic business tasks spanning analysis, persuasion and creative work.
“we developed eighteen realistic business tasks, and these ranged from analysis to, uh, persuasion to creative tasks.”
Undated
MIT SMR and BCG run a LinkedIn group called AI for Leaders where listeners can interact with the show's creators and hosts.
“it's called AI for Leaders, and if you join us, you can chat with show creators and hosts, ask your own questions”
Undated
Jay Barney, a professor at the University of Utah's Eccles School of Business, co-authored the Harvard Business Review article 'AI Won't Give You a New Sustainable Advantage' with Martin Reeves of Boston Consulting Group.
“Jay Barney is a professor at the University of Utah's Eccles School of Business. With Martin Reeves of Boston Consulting Group, he co-authored the HBR article, AI won't give you a new sustainable advantage.”
Undated
Shervin Khodabandeh says BCG ran a large controlled study with MIT, Harvard and Wharton in which about a thousand consultants were given ChatGPT to work with.
“BCG did one of the largest controlled studies with MIT, Harvard and Wharton, where we looked at a thousand strong consultants and they were given chatgpt to work with.”
Undated
Khodabandeh says that on core consulting tasks such as business strategy and problem solving, the BCG study found generative AI did not perform as well as on creative tasks.
“But on things that consultants are supposed to excel at, like, you know, business strategy, problem solving, like, what is the best strategy for a company in Southeast Asia that's trying to enter a market?”
Undated
Khodabandeh refers to prior MIT SMR and BCG research finding that about 10% of companies get significant value from AI while most do not.
“we talked about the AI gap. And like the 10% who are getting significant value versus most who aren't”
Undated
Sam Ransbotham says new research with Boston Consulting Group and MIT Sloan Management Review found AI use rose from 50% to 70%.
“It was 50% before, to 70% now, and it's hard not to think that generative AI is a big part of that.”
Undated
Morris Chang says Bill Bain told him he was leaving Boston Consulting Group to start his own consulting company.
“I am leaving Boston Consulting Group to start my own consulting company.”
Undated
Ethan Mollick said the term 'jagged frontier' came from his research paper involving Boston Consulting Group.
“That was term we came up with for our paper on Boston Consulting Group.”
Undated
Ethan Mollick said research at Boston Consulting Group found younger consultants were worse at figuring out how to use AI in organizations.
“our research at BCG actually found that the younger consultants were actually much worse at figuring out how to use AI in organizations”
Undated
A Boston Consulting Group study involving Mollick and academics from Harvard, MIT and Warwick found a 40% quality improvement for people using GPT-4.
“40% improvement in quality for people who used GPT-4 versus not, um, big speed improvements”
Undated
David Martin worked as a software developer before joining Boston Consulting Group.
“I actually was one before I joined BCG.”
Undated
Boston Consulting Group research found that companies showing positive return on AI investment were pursuing fewer initiatives.
“the companies who are showing success and positive ROI right now are actually doing fewer things.”
Undated
At one software company BCG studied, 80% of engineers expressed excitement about new AI tools.
“We saw actually at a software company, 80 of the engineers had actually expressed excitement about using the new tools.”
Undated
At that software company, only 20% of the engineers were actually using the AI tools deployed.
“only 20 of the engineers were actually using it.”
Undated
BCG's AI at Work study surveyed about 10,000 employees at all levels globally.
“this is a study we conducted globally across 10,000 employees of all levels.”
Undated
BCG's research found that 65% of employees whose leader is unsupportive or lacks a vision are fearful about AI.
“So 65 of employees, if they say their leader is not supportive or doesn't paint the vision, then they are fearful.”
Undated
BCG's research found that among employees with a supportive leader, only 15% are fearful about AI.
“Whereas for the 25 of employees who say their leader is supportive, it's only 15.”
Undated
Michael Krigsman cited BCG's report as showing 51% AI adoption among frontline employees versus 85% among leadership.
“51 of frontline employees, according to your report, have adopted AI tools, and leadership has an 85 level of adoption.”
Undated
David Martin says frontline AI adoption had not increased since BCG's previous survey.
“The adoption of of AI tools at the frontline actually had not increased, um, since the last time we were in the the survey.”
Undated
David Martin said BCG has been measuring which components of the value it provides clients are replaced by AI.
“We actually have been measuring what components of the value we provide our clients are replaced by AI, to your point.”
Undated
The authors surveyed 6,000 people in a dozen countries, made up of 1,000 executives and 5,000 non-executives, about their reaction to a hypothetical change.
“take 6,000 people in a dozen countries around the world, a thousand executives and 5,000 non executives.”
Undated
Julia Dhar is a managing director and partner at Boston Consulting Group.
“Julia Dhar, managing director and partner at Boston Consulting Group”
Undated
Ethan Mollick says early studies with colleagues at Harvard and Warwick found that less experienced BCG consultants were worse at using AI.
“we found that, like, BCG consultants less experience were worse at using AI.”
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