When transformation needs a reset
How leaders can recover stalled programs by simplifying the enterprise, reprioritizing economics and scaling only what delivers measurable value.
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Materials, metals and mining
Create value from increasingly strategic resources as mineral demand, supply concentration and capital discipline reshape global mining economics.
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The platformization of the enterprise
How modular platforms, APIs and modernized applications can reduce structural complexity while accelerating digital products and AI adoption.
Read articleFocus
Private capital is becoming more selective as liquidity remains harder to manufacture
Longer holds, constrained exits and tougher fundraising are shifting attention from deployment volume toward realized value and distributions.
Industrial AI is moving from factory pilots into the operating system itself
Manufacturers are combining automation, physical AI and connected operations as productivity and resilience pressures intensify.
Strategic challenges
Can health systems expand access without simply adding more clinical labor?
The challenge is redesigning pathways and roles while preserving quality in an industry where skilled capacity remains structurally constrained.
What happens when insurance pricing softens but risk does not?
The challenge is maintaining underwriting discipline while catastrophe severity, technology investment and customer expectations continue to rise.
POV
The next data-center shortage may be measured in megawatts, not buildings
Compute demand can grow faster than electricity infrastructure, making power access the defining competitive asset of the sector.
AI will not fix biopharma economics by improving discovery alone
The larger productivity problem spans development, evidence, regulatory execution and the capital consumed before a medicine reaches patients.
Strategic impact
Liquidity innovation is becoming part of private-capital portfolio strategy
Secondaries, continuation vehicles and alternative structures are increasingly used to manage duration and return capital without forced exits.
Distribution advantage is shifting toward inventory intelligence and service depth
Better demand visibility and differentiated support can improve working-capital economics while protecting relevance against direct and digital channels.
What we observe
Software companies often add AI features while protecting pre-AI pricing assumptions
Copilots can improve the product while simultaneously undermining seat-based economics by reducing the human labor using it.
Mining strategies often focus on reserves while underestimating midstream concentration
A diversified mine portfolio can still rely on highly concentrated processing capacity, creating a different form of strategic dependency.