Tue.Jun 04, 2024

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The state of AI in early 2024: Gen AI adoption spikes and starts to generate value

McKensey

As generative AI adoption accelerates, survey respondents report measurable benefits and increased mitigation of the risk of inaccuracy. A small group of high performers lead the way.

Reporting 145
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Announcing Receptful: Visitor Management for Enterprise Manufacturers!

The Receptionist

It’s a very special day! Today’s announcement has been years in the works, and we’re so excited to share it with you! The Receptionist for iPad team is proud to announce the launch of a brand new visitor management software solution explicitly designed for global, multi-location enterprise manufacturers: Receptful ! Through our years of experience building amazing visitor experiences with The Receptionist for iPad, we have come to understand the unique needs of the enterprise manufacturing marke

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Trending Sources

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Scaling national e-health: Best practices from around the world

McKensey

We examined best practices from around the world to identify proven ways to implement e-health successfully. These insights could help other countries unlock their own e-health potential.

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Dorothea Buck’s Memoir Tells of the Horrors of Twentieth Century Psychiatry: A “Hell Amidst Bible Quotes”

Mad in America

I n 1936, at age nineteen, a German woman named Dorothea Buck followed the trail of a star along the mudflats of her North Sea home, Wangerooge Island. Rapt, she spent the night under a dune and was brought home in the morning by local workers. Buck had been experiencing a series of visions. One of these was that her country’s chancellor, Adolf Hitler, would start a war that would become “monstrous.

Insurance 126
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Bias Busters: Next in line? A structured approach to succession planning

McKensey

A good old-fashioned task force can help boards depersonalize the process of picking new leaders.

Planning 140
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Choose Wisely: Data Scientist Cassie Kozyrkov Reveals How to Make Smart Decisions

Success

As the world becomes more and more data-driven and artificial intelligence increasingly permeates daily life, our power as human beings lies in our ability to make informed decisions. Cassie Kozyrkov is on a mission to increase the quality of those decisions. Kozyrkov was Google’s first chief decision scientist until she left the company to start Data Scientific.

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When failure is an option: Fostering organizational innovation and learning

McKensey

To achieve sustainable innovation, companies can embrace failure as a catalyst for driving change. Capability centers can enhance performance and promote learning in high-stakes operations.

Learning 140

More Trending

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Workers wanted: How to fill the skilled-trade shortage

McKensey

In the United States, demand for skilled workers has skyrocketed—and the unmet need for tradespeople risks putting prosperity and even national security at stake. What’s next?

Security 137
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Kearney Offices – Toronto

Office Snapshots

This global management consultant client began the process of exploring options for their Toronto office ahead of their lease expiring in July 2022. With a current hybrid workplace model, their existing Toronto office of 8,500 SF was a larger space than they needed as occupancy studies showed underutilization Monday – Thursday as staff were on site with clients.

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Positioning for success in the chemical markets of the future

McKensey

European chemical manufacturers are in a difficult position, with overcapacities projected in several key value chains until 2030. Emerging sustainable product markets present a promising solution.

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Five things Gen Z should do to prepare for AI in the workplace

Work Life

As graduation season winds down, another cohort of Gen Zers enters a labor market that is being transformed by AI. According to the 2024 Microsoft Work Trend Index, use of generative AI has doubled in the past six months, and 75% of global knowledge workers are now using generative AI as part of their jobs. A global study conducted by the IBM Institute of Business Value found that executives estimate implementing AI will require 40% of their workforce to reskill over the next three years, with t

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Harnessing analytics and AI to shape the future of mobility retail

McKensey

To prepare for a world of lower fuel sales, forecourt retailers can harness advanced analytics and AI to increase revenues from electric vehicle charging and convenience.

Retail 135
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Operational Debt: What It is and Why It Matters

Eat Your Career

In the busyness of everyday life, it’s easy to adopt a “do it later” mindset, especially when tasks seem small or insignificant. However, this approach can lead to something called “operational debt,” a buildup of unfinished tasks that can seriously hinder your productivity. I found myself falling into this bad habit recently, so I’m not judging!

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How generative AI could accelerate software product time to market

McKensey

A new study offers early lessons on how generative AI can improve product managers’ productivity, quality, and experience.

Software 134
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Project E Beauty Offices – Hong Kong

Office Snapshots

The Brief: Sculpting a Comfortable and Inspiring Oasis We were approached by our client, Project E Beauty, to create a transformative workplace design that prioritised comfort, inspiration, and sophistication at their Hong Kong operational site. The space accommodates an open plan working environment, a welcoming lounge, pantry, boardroom, meeting room, concealed storage room, and photography space.

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Banking on interest rates: A playbook for the new era of volatility

McKensey

Five levers can help banks set themselves on a course to more proactive and effective interest rate risk management.

Banking 132
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Social Determinants of Health: Understanding the Factors That Shape Well-Being

CoreHealth Workplace Wellness

When we think of living a healthy life, what comes to mind first for most of us is eating properly and exercising — but many other factors have an impact. Did you know that non-medical markers such as workplace conditions and level of education can also determine your health? This blog explores the social determinants of health and how your organization can address them through wellness programs.

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The case for space

McKensey

The space economy is at an inflection point. Here’s how space is reshaping our day-to-day lives in surprising ways—and how it could help leaders address some of our most pressing business and societal challenges in the future.

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CEO pay at S&P 500 companies jumped nearly 13% last year—widening the gap with workers

Work Life

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets. The median pay package for CEOs rose to $16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar.

Retail 75
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Petrochemicals review: Where we are now and where we’re going

McKensey

The petrochemical industry may have reached the bottom of the cycle, but a look forward shows modest improvement in market conditions on the horizon.

Supplies 102
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Why CEOs need to check their blind spots and their judgments 

Work Life

As CEO of Yum!, I also had the privilege of touring our restaurants often, meeting frontline workers who were just as smart as I was but who hadn’t had the same opportunities. Because they happened to be washing dishes, working the drive-through, or standing at a grill, people automatically assumed that they didn’t have much to say worth listening to.

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The McKinsey Crossword: Name Us—We’re Famous | No. 183

McKensey

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

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More workers are ‘holiday hustling’ to make ends meet. This is what it costs employers

Work Life

Ask colleagues, “Do you have anything nice planned for your vacation?” and you’ll probably be met with a range of responses encompassing everything from envy-worthy trips to Rome to quiet weeks at home catching up with friends and family. But increasingly, people are hearing another response. “Oh, I’m actually working. No, not here, I’m doing some odd jobs.

Finance 75
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Global capability centers: From execution to transformation

McKensey

Global capability centers are faced with the complexities of a volatile, rapidly changing world. By harnessing the centers’ operational excellence, solutions can be found.

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Nura USA Offices – Irvine

Office Snapshots

Spanning three phases, including an office space, warehouse, and exterior enhancements, this project seamlessly integrates functionality with aesthetics to cater to the diverse needs of the company. By expanding to accommodate their growing business, Nura demonstrated a strategic vision for the future while ensuring a cohesive and branded environment throughout.

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McKinsey China Auto Consumer Insights 2024

McKensey

Results from a new McKinsey survey reveal how consumer preferences for vehicles are evolving within China, one of the world’s most important automotive markets.

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As sickness absence rises, firms indulge in ‘wellbeing washing’

Workplace Insight

A new survey commissioned by law firm Winckworth Sherwood suggests there has been a shift in workplace culture, with a majority of both employers (86 percent) and employees (69 percent) agreeing it’s more acceptable to take time off for illness, especially mental health issues. However, the survey also reveals a potential gap between perception and reality, which the report labels ‘wellbeing washing’ While employers say improved productivity is the main reason they offer wellne

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Discover the Power of Gamification in Employee Wellness Programs: Essential White Paper Insights

CoreHealth Workplace Wellness

Do you want to know about the latest evidence-based behavioral incentive that can unify all your wellness program offerings and technologies and supercharge employee participation?

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The myth of an enduring index premium

McKensey

Being included in (or excluded from) a stock index does tend to change the stock price. But the effect disappears in a few weeks.

Finance 59
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Why Coworking Means Better Office Space for Large Companies 

Launch Work Places

In the last few years, we’ve seen an interesting trend—more and more large corporations are leaving traditional office suites behind and moving into coworking or flexible office spaces. There are a few reasons behind this shift, and we’ll explore them in this article, but it shows that flexible office spaces for large companies can have a significantly positive impact on business.

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10 Aspirational Entrepreneurs to Keep an Eye on in 2024

Success

The entrepreneurial landscape is ever-evolving, and it takes a specific type of leader to ride the waves of disruption and innovation. These 10 notable entrepreneurs—ranging in expertise from nonprofit heroes to culinary connoisseurs—share resolve, creativity and ambition that inspires a deeper look into their journeys toward success. Meet the aspiring entrepreneurs who are charting their own paths. 1.

Food 52
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Are Gen Z ‘sellouts’ if they take corporate jobs?

Work Life

News stories about Gen Z have grown to a fever pitch. Likely, they are the most editorialized generation in history. We’ve learned that they are the richest generation ever. They are the most over-parented yet least equipped to enter the adult world. They don’t know their gender, won’t get married , and refuse to have kids. They are disillusioned , don’t trust anyone, and are antiestablishment, yet demand that the government provide a universal basic income.

Finance 75
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How U.S. women were forced to become their own social safety net

Work Life

You might have heard of a quote that can be attributed to sociologist Jessica Calarco: “Other countries have social safety nets. The U.S. has women.” That became the animating idea behind Calarco’s new book, Holding it Together: How Women Became America’s Safety Net , which is out today. Calarco, who is an associate professor of sociology at the University of Wisconsin-Madison, has spent her career studying the intersection of families and schools, and the inequities that persist along racial an