While generative AI technology and its supporting ecosystem are still evolving, it is already quite clear that applications offer the most significant value-creation opportunities. Those who can harness niche—or, even better, proprietary—data in fine-tuning foundation models for their a...
Gen AI is a new technology, and organizations are still early in the journey of pursuing its opportunities and scaling it across functions. So it’s little surprise that only a small subset of respondents (46 out of 876) report that a meaningful share of their organizations’ EBIT can be ...
overviewofthechallengesandopportunities Ourpublicationshaveworked toinspireinsurerstoconsider newavenuesforvaluecreation. 1“Creatingvalue,findingfocus:GlobalInsuranceReport2022,”McKinsey,February15,2022. iiGlobalInsuranceReport2023:Reimagininglifeinsurance
and work patterns across teams enables an organization to reallocate funding and new teams quickly as new opportunities and priorities arise.14Sustaining this more dynamic operating model while adapting to a new,more digital environment will require a dramatic shift in banks skill profiles away from ...
aThe McKinsey Global Institute recently published a report on the opportunities in business and government of using big data. According to McKinsey, the use of big data is becoming a key way for leading companies to outperform their peers. "We estimate that a retailer embracing big data has ...
McKinsey & Company reveals the industry is heading for a global slowdown in 2023 as macroeconomic tensions and slumping consumer confidence chip away at 2022′s gains. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year...
1. Digital Innovation: The rapid digital transformation has opened up opportunities for e-commerce companies to innovate and differentiate themselves. From augmented reality shopping experiences to AI-powered customer service, there is immense potential for digital innovation in the industry. 2. Internatio...
McKinsey estimates that services are the next frontier for competition leading to higher quality, since Chinese service sectors still lag behind other countries with productivity of only 20 to 50 percent of the OECD average, the report said. ...
两周一更 The McKinsey Podcast, our new flagship podcast series, takes you inside our global firm, and features conversations with experts on issues that matter most in business and management. McKinsey & Company is a management-consulting firm that helps businesses, governments, and not-for-profit...
Technology-led ‘art of the possible’ McKinsey highlighted that a range of technologies, including machine learning, cloud adoption, and generative artificial intelligence have shifted the “art of the possible” in how firms engage with their clients. However, to capitalize on these opportunities, ...