Hackett Fully Integrates Leading-Edge Gen AI Ideation-to-Implementation Insights Into Its Executive Advisory Programs

Rhea-AI Summary

The Hackett Group (NASDAQ: HCKT) has integrated generative AI (Gen AI) insights from its AI XPLR™ platform into its Executive Advisory programs. This integration, based on discussions with hundreds of leading companies, provides comprehensive guidance on Gen AI adoption. The research reveals that less than 10% of companies have explored breakthrough Gen AI use cases, although there is a potential 40% productivity improvement. Hackett's approach emphasizes a top-down, enterprise-wide strategy for Gen AI deployment, ensuring the entire organization is educated and mobilized. This integration offers clients access to AI use cases, benchmarks, and best practices, providing a competitive edge.

Positive

• Integration of Gen AI insights into Executive Advisory programs.
• Guidance based on conversations with hundreds of leading companies.
• Potential 40% productivity improvement identified.
• AI XPLR platform enables comprehensive Gen AI opportunity capture.
• Access to AI use cases, benchmarks, and best practices.
• Enhanced competitive advantage for clients through Gen AI adoption.

Negative

• Less than 10% of companies have explored breakthrough Gen AI use cases.
• Risk of competitive disadvantage for companies slow to adopt Gen AI.

Insights Emanate From Recent In-Depth Conversations With Hundreds of Leading Companies Addressing Their Primary Adoption and Deployment Considerations

MIAMI--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618712972/en/

info@thehackettgroup.com

Source: The Hackett Group, Inc.

FAQ

What recent integration has Hackett Group announced?

The Hackett Group has integrated leading-edge Gen AI insights from its AI XPLR™ platform into its Executive Advisory programs.

How many companies contributed to Hackett's Gen AI insights?

Hundreds of leading global companies contributed to Hackett's Gen AI insights.

What is the potential productivity improvement from Gen AI according to Hackett Group?

Hackett Group's research estimates a potential 40% productivity improvement across enterprises from Gen AI.

What approach does Hackett Group recommend for Gen AI deployment?

Hackett Group recommends a top-down, enterprise-wide strategy for Gen AI deployment.

What resources are available to Hackett Group's Executive Advisory members?

Executive Advisory members have access to AI use cases, Digital World Class® AI benchmarks, and emerging AI best practices.

What is the risk for companies not adopting Gen AI according to Hackett Group?

Companies that do not adopt Gen AI face a significant competitive risk.