The disruption caused by COVID-19 has accelerated digital adoption across retail, work, education and healthcare, making companies’ previous transformation strategies obsolete in a matter of weeks. While the early digital investments companies made have enabled them to pivot their business and enact continuity plans, leaders must now look ahead to
More than $US30 trillion has poured into global sustainable investments, up 64 per cent since 2014, according to a discussion paper by McKinsey and Company which seeks to describe how approaches to environmental, social, and governance (ESG) concerns build business value. According to the management consultancy, paying attention to ESG
Digitisation can unlock another $US13 trillion dollars of economic value over the next decade, most industries have reached their digital tipping point, and providing effective leadership remains a major challenge but one that must be overcome. Yet sadly, most businesses are failing to achieve their transformational goals, especially when the
There are three things companies can do to mitigate risk when applying Artificial Intelligence according to the latest McKinsey research. However, before applying solutions, it is vital first to understand what the risks are and the drivers behind them. In the report called Confronting the risks of artificial intelligence the McKinsey Global Institute
Global success these days is more spectacular, but that success comes at a steep price for everyone else, according to new research from the McKinsey and Company’s McKinsey Global Institute. Profits are becoming much more concentrated among the few and the trend has grown worse in the last two decades.
Automation in Australia can boost productivity to the level required to rekindle the country’s slowing economic growth, potentially adding over a trillion dollars to the economy, according to McKinsey. But the technology could also put to 6.5 million full time jobs at risk, increase unemployment levels and further widen inequality.
The relationship between McKinsey and Company’s consulting work and the company’s hedge fund is under scrutiny following a report published in the New York Times. The report alleges the investment arm had a stake in some companies that were also McKinsey consulting clients. Register now for Which-50’s webinar on the disruptive
Management consultancy McKinsey & Co. issued a statement over the weekend denying it prepared a report in 2015 for the Saudi government identifying dissidents on social media. It was responding to a story in the New York Times. However, it left open the possibility that the material in its report
By making enterprise-grade computing available to entrepreneurs at peppercorn rates, the rise of cloud computing fueled a huge rush of innovation. In a similar vein, open-source tools, cloud storage and automated machine learning platforms mean businesses can begin to dabble in artificial intelligence without prohibitive costs — and risk. Extending
AI is no longer in its infancy, but much of its economic impact is yet to be realised. That’s a key takeaway from a new report from the McKinsey Global Institute, which argues AI could potentially deliver additional economic output of around $13 trillion by 2030, boosting global GDP by