SK Chairman Chey Tae-won puts AI innovation at the forefront of business
Recently, SK Group Chairman Chey Tae-won emphasized the need for companies to adapt. A.I The (AI) era is an important development. At CES 2024, Chairman Taewon called for a rapid reorganization of business models in response to the pace at which market demand is evolving due to AI innovation.
Taewon Choi highlighted It explains the unpredictable impact and speed at which AI will impact business, emphasizing the need for flexibility and responsiveness. This new business environment requires even existing companies to consider transforming into AI-driven enterprises. He cited SK Group as an example. South Korea It is the second largest conglomerate that is already adjusting its business strategies to the new AI era in various industries such as semiconductors and telecommunications.
Taewon’s approach is multifaceted. The core of his strategy is developing comprehensive package solutions for customers looking for AI-related products or services. This means a shift from interactions between individual companies and their customers to providing holistic, integrated services. He also stressed the importance of partnerships in this journey, emphasizing the value of strategic collaboration by suggesting that companies alone cannot provide all solutions.
Chairman Lee’s insight came after visiting SK Hynix’s facilities and overseeing its AI semiconductor business. He discussed the growth drivers for AI memory chips, including high-bandwidth memory (HBM), emphasizing the need to quickly adjust business and management plans. This visit highlights the Group’s commitment to remain at the forefront of AI technology and market trends.
Moreover, CEO Taewon’s advice to look at the industry from the customer’s perspective, especially the demand from big tech companies for data centers, shows a deep understanding of market dynamics. His interest in the group’s HBM business, a key component of AI chips, and his visit to Silicon Valley to discuss the status of the HBM business demonstrate his practical approach to leading SK Group during this period of change.
In conclusion, Chairman Taewon Choi’s leadership demonstrates an active and strategic approach to AI adoption. His call for a paradigm shift in business models focused on flexibility, partnerships, and customer-centric solutions is a valuable blueprint for companies seeking to succeed in the AI era. As the leader of a major corporation, his actions and strategies provide a roadmap for other companies going through similar changes.
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