Digital labor is one of the key disrupters impacting global business today. The race is on to find the best location for using digital technology to augment and/or automate the tasks of highly-skilled workers. Already attractive for doing business, Switzerland’s got more than just a head’s start.
The procurement function is under intense pressure to transform. Consequently there is a discussion about whether it will exist at all in 20 years, or if its tasks will be performed by algorithms and networked machines. If procurement is to survive, it must be reinvented – future-proofed. Is procurement destined to be the center of power or ruled by machines?
The word ‘change’ conjures up a myriad images and expectations. For some, it represents a threat. For others, it is possibility and potential. Which one it turns out to be for Swiss non-life insurers depends on how they grasp the need for transformation amid current challenges to the status quo.