Image description: A graph, split into two sections, shows the breakdown of global financial intermediation in 2023, totaling $410 trillion in assets. A pair of horizontal segmented bars compares sources and uses of funds, and underneath a tree map measures share of total annual revenue from glo...
of nongenerative, analytical AI, and they span industries and regions—though most are at organizations with less than $1 billion in annual revenue. The AI-related practices at these organizations can offer guidance to those looking to create value from gen AI adoption at their own organizations...
In a report,Five big shifts shaping a new world for corporate and investment banks, McKinsey’s financial services practice said corporate and investment banking revenues were 44% of the global banking revenue pool in 2022, with an average annual growth rate of more than 5% percent since 2000....
Organizations have seen the most meaningful cost reductions from GenAI use in HR and revenue increases in supply chain and inventory management. “In 2024, gen AI is no longer a novelty,” said Alex Singla, senior partner and global co-leader of QuantumBlack, AI by McKinsey. “The technolog...
Annual Revenue: $36,000,000 Employee Considerations: Open door policy with leadership; great work/life balance for consulting Well Balanced The Keystone Group A 2023 newcomer to the list, The Keystone Group is squarely in the boutique category. TKG focuses primarily on operational improvement, ...
low-cost setting. The McKinsey report found that generative AI could increase productivity with a value of 10 to 15 percent of overall costs in research. When it comes to pharmaceutical and medical-product industries, the report indicates that generative AI could increase revenue by $60 to $...
Our analysis indicates that the five-year outlook is strong, with likely revenue growth of 6 to 8 percent. The opportunities will likely be widespread: all four regions are projected to expand at an annual average of 6 percent or higher. Fee-based revenue growth is forecast to return to ...
While our estimates suggest that tech companies, unsurprisingly, are poised to see the highest impact from gen AI—adding value equivalent to as much as 9 percent of global industry revenue—knowledge-based industries such as banking (up to 5 percent), pharmaceuticals and medical pro...
August 4, 2023 - Our annual summer reading list reflects today’s evolving times, with selections by CEOs, founders, and editors from around the world, including picks from McKinsey leaders. As heat and humidity rises, could India get too hot to work? August 3, 2023 - As India faces ...
Subsequently, the Critical Raw Materials Act of 2023 set forth a framework to ensure that by the decade’s end, at least 10 percent of the EU’s annual consumption of these materials will be extracted domestically, at least 40 percent will be processed within the EU, and a minimum of 15...