Tag Archives: MGI

In Praise of Automation

The McKinsey Global Institute: The automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. Automation also contributes to productivity, as it … Continue reading

Posted in Automation, Jobs | Tagged | Leave a comment

McKinsey Updates Estimates of Big Data Potential Value

Source: McKinsey, 2011 [In 2011], we estimated the potential for big data and analytics to create value in five specific domains. Revisiting them today shows uneven progress and a great deal of that value still on the table (exhibit). The … Continue reading

Posted in Big Data Analytics | Tagged | 1 Comment

How Digital is Your Industry?

Prashant Gandhi, Somesh Khanna and Sree Ramaswamy in the Harvard Business Review: …what are the key attributes of a digital leader? And how can companies benchmark themselves against competitors? We looked at 27 indicators that fall into three broad categories: digital assets, digital … Continue reading

Posted in digital transformation, Digitization, Uncategorized | Tagged | Leave a comment

Global Digital Data Flows: 12% of Global Trade Digitized

McKinsey Global Institute: Digital flows—which were practically nonexistent just 15 years ago—now exert a larger impact on GDP growth than the centuries-old trade in goods, according to a new McKinsey Global Institute (MGI) report, Digital globalization: The new era of … Continue reading

Posted in digital transformation, Digitization, Uncategorized | Tagged | 1 Comment

45% of work activities can be automated including those performed by highest-paid occupations

McKinsey: …our research suggests that as many as 45 percent of the activities individuals are paid to perform can be automated by adapting currently demonstrated technologies.4 In the United States, these activities represent about $2 trillion in annual wages. Although … Continue reading

Posted in AI, Automation | Tagged , , | Leave a comment