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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
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Companies approach technology investment in 1 of 3 ways, says Accenture CEO

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Alyssa Newcomb
Alyssa Newcomb
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By
Alyssa Newcomb
Alyssa Newcomb
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November 9, 2021, 11:00 AM ET

When it comes to making the decision to invest in and adopt new technologies, Accenture CEO Julie Sweet said there are three types of companies.

“There are the leaders, the leap froggers, and everyone else,” Sweet said at Fortune Brainstorm A.I. in Boston on Tuesday morning.

While Sweet said transformation doesn’t happen fast, some companies decided to play catch-up during the pandemic by investing in new digital technologies and A.I. 

“Cloud is the enabler. Data is the driver, but A.I. is the differentiator. That’s how you win,” she said.

However, there’s still a disconnect between A.I. and how to scale. According to Accenture’s research, 84% of executives believe they must leverage A.I., however 76% said they struggle with the question of how to scale the technology across their organizations.

During the pandemic, Sweet said Accenture was able to leverage A.I. to help meet customer needs. The consulting firm keeps a database of client-facing employees and their skills. A.I. was used to identify people who could be retrained to help meet the increased demand around cloud and collaboration tools as clients shifted to remote work. 

Sweet said she has also noticed a change in how CEOs are starting to talk about A.I. and I.T. investments.

“CEOs go pretty deep. Pre-pandemic they were not going deep to understand the tech itself. but in the last three months, there has been a significant shift in the tone of the conversation,” she said.

More tech coverage from Fortune:

  • Warning: Hot gaming consoles and iPhone 13 are in short supply this holiday season
  • Ethical leadership requires 6 qualities—and Mark Zuckerberg lacks two of them, argues a management expert from NYU
  • Air purifiers and CO2 monitors are the new pencil and paper in classrooms
  • What scooter company Bird has planned after its public debut and a rocky 2020
  • Last year, advertisers boycotted Facebook over hate speech. Today, they’re silent

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