Reaching New Heights in Uncertain Times

May 23, 2023
2 min read

Updated: May 9, 2024

Often people ask me how I summarize quickly & efficiently large reports, usually coming in an endless PDF file.

The long answer is it depends on the type of data the report deals with - financial reports would be better to analyze on designated tools, different than those that best suit soil analysis reports for example.

The short & practical answer is "Just ask your PDF".

Talking to your docs will shorten your time reaching the bottom line

As part of the AI tools table review, we will handpick each time a specific tool and elaborate on it.

If you still haven't got a copy of our curated AI tools table, click here.

Today an interesting report was published by the Boston Consulting Group.

I've downloaded it and shared it with the askyourpdf service.

Here are some of the key takeaways this useful tool gave me in less than a minute:

- Companies that prioritize innovation and are ready to act are widening the gap over less capable competitors.

- Innovation rose as a top corporate priority in 2023, with 79% of companies ranking it among their top three goals.

- The top areas of innovation emphasis are new products and exploring adjacent business models.

Chat with your PDF reports will enhance your productivity

- Cost is a key driver for 62% of respondents and a top reason for innovation.

- Two of three ready companies rank innovation as their top priority, and 90% expect to increase spending.

- Ready companies are allocating fully one-third of their spending toward developing breakthrough innovations.

- Ready companies are much more aggressive in their use of M&A to further objectives by accessing new technologies and processes or acquiring leaders and employees with a demonstrated ability to innovate.

- Companies should focus on tough prioritization around portfolio management, rigorous governance, investment in M&A opportunities, and the continuous building of talent and internal capabilities.

Bottom line

"79% of companies ranked innovation among their top three priorities, up from 75% in 2022, and more than 40% expect to significantly increase spending this year, a jump of 16 percentage points over the last economic downturn in 2009."