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Tag Index  /  Showing 1 - 8 of 8 results for “McKinsey & Company”

Business

McKinsey’s Michael Chui on How Tech Transforms the Economy

For insight into big emerging tech trends, look beyond Silicon Valley and Alley, said McKinsey's Michael Chui at a recent Techonomy dinner salon in San Francisco. The developing world is about to jump into the innovation economy. "Only half of the people that we can possibly connect in the world are actually connected." Once those people get connected, he believes, the world will see double the innovation it sees today, as potential innovators in now-developing countries get online. This expansion of connectivity will be enabled by the global mobile revolution, or what Chui called "the proliferation of form factors"—ranging from tablets and phablets to appliances and cars. Chui pointed to education, healthcare, and public services as sectors of the economy with the greatest potential to gain efficiency as they are transformed by tech.   More

Business Techonomy Events

How Soon Will Big Data Yield Big Profits?

Big Data is “the next frontier for innovation, competition, and productivity,” says McKinsey & Company. But companies and executives rushing into data collection and analysis expecting immediate payoffs are bound to be disappointed. Most companies are years away from being able to effectively profit from data—and not simply for a lack of technology. Instead, at least three entrenched challenges need to be addressed before Big Data can have real impact.   More

Jobs

McKinsey’s Susan Lund on Tomorrow’s Workforce

At our recent Techonomy Detroit conference, McKinsey Global Institute director of research Susan Lund shared a worrisome statistic: today four out of five U.S. college graduates can't find work in their field of study. So how can we get more graduating students into the workforce? According to Lund, we need a radical rethink of American education. "The basic way we educate kids hasn't really changed in a hundred years," Lund said. "And what's needed today are workers of all different sorts, but with more skills."   More

Business Partner Insights

Five Game-Changers To Reignite U.S. Growth

The US economy is struggling to find a new formula for vigorous growth. But all growth opportunities are not created equal. New McKinsey research pinpoints five catalysts—in energy, trade, technology, infrastructure, and talent development—that can quickly create jobs and deliver a substantial boost to GDP by 2020. An animated video below also runs the numbers on these game changers and frames the challenge for business and government to make the most of the opportunity.   More

Manufacturing

Can 3D Printing Revive America’s Middle Class?

3D printing has been posited as the catalyst of the next industrial revolution. To make a difference to America’s middle class, whose median annual household income has dropped by more than $4,000 since 2000, the technology will have to bring about an economy as bustling as the first industrial revolution. Fewer than one-third of Americans believe economic conditions will improve next year. Could 3D printing turn things around?   More

Cities

A SimCity for Analyzing Urban Efficiency

New York University's new Center for Urban Science and Progress is launching an initiative to develop sensor and data-crunching technologies aimed at creating a smarter, more efficient city. With partners including I.B.M., Cisco, Xerox, and the New York City government, the center will research and deploy the kind of smart-city technologies already being implemented in cities like Stockhom and Singapore to better manage urban infrastructure, with an emphasis on quality-of-life improvements like noise reduction and traffic abatement.   More

Partner Insights

How ‘Social Intelligence’ Can Guide Decisions

By offering decision makers rich real-time data, social media is giving some companies fresh strategic insight. In many companies, marketers have been first movers in social media, tapping into it for insights on how consumers think and behave. As social technologies mature and organizations become convinced of their power, we believe they will take on a broader role: informing competitive strategy. In particular, social media should help companies overcome some limits of old-school intelligence gathering, which typically involves collecting information from a range of public and propriety sources, distilling insights using time-tested analytic methods, and creating reports for internal company “clients” often “siloed” by function or business unit.   More

Manufacturing

Manufacturing Innovation Will Drive U.S. Economic Growth

Reviving U.S. manufacturing could mean more than creating new jobs; it has the potential to spur a more innovative and sustainable economy. As reported in The New York Times, economic theorists are warning that a diminished U.S. manufacturing base could dampen innovation and long-term growth. Experts theorize that keeping researchers and manufacturing workers in close proximity, rather than sending production overseas, is a path to increased productivity. A General Electric battery plant in upstate New York is putting this theory into real-world practice.   More