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CEOs, make a metaverse plan. Step one? Know the real risk.
On Point
Three steps to a metaverse strategy Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
— Edited by Katy McLaughlin, senior editor, Southern California
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:51 - 22 Feb 2023 -
How to Dive Into API Behavior and Integrate Faster
SmartBear
Learn about our new tool: SwaggerHub ExploreWebinar Event:
How to Dive Into API Behavior and Integrate FasterJoin us on March 1st to learn about our new API exploration tool, SwaggerHub Explore.
Hi Abul,
We are excited to announce SwaggerHub Explore, our new API exploration tool built for increased visibility.
This tool was built for users to instantly visualize API data received from a request all in one place, limiting errors to confidently move on to the next thing on your to-do list.
SwaggerHub Explore currently supports REST APIs and Kafka services, and we’ll be adding support for more protocols soon to deliver you the best experience possible.
SwaggerHub Explore instantly visualizes API data received from a request to easily evaluate the API value all in one place. Adding this solution to your toolkit will save you time and limit errors.
Feel like trying out this new tool before our live webinar?Hope to see you there!
P.S. If you can’t make it, register anyway and we’ll send you a recording.
Molly FarmerGrowth Marketing Manager, SmartBearThis email was sent to {lead.Eamil Address} by SmartBear Software, 450 Artisan Way, Somerville, MA. 02145, 617.684.2600, www.smartbear.com. We hope you found this email of interest. However, we value your privacy. If you do not wish to receive future correspondence from us, please click here to manage email preferences.
by "Molly from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 12:05 - 22 Feb 2023 -
The executive’s guide to new-business building
Harmony Internal - McKinsey
Stay focused Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
During these times of economic volatility and uncertainty, many executives are prioritizing building new businesses as a way to boost growth and value to their organization. A new interactive from Leap by McKinsey led by McKinsey senior partners Markus Berger-de Leon, Ralf Dreischmeier, and Ari Libarikian walks you through the steps of identifying your business’s value, how to get started, and what it takes to launch and grow the business. Follow the guide, which includes action items, pitfalls, and examples, and be prepared for your growth journey ahead.
Quote of the day
—Alan M. Taylor, distinguished professor of economics and finance at the University of California, Davis, on what makes him optimistic in a recent episode of McKinsey Global Institute’s Forward Thinking podcast
Chart of the day
ALSO NEW
— Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:30 - 21 Feb 2023 -
Forward Thinking on what deep history might tell us about today’s turbulent times with Alan Taylor
Harmony Internal - McKinsey
Focus on the long run New from McKinsey Global Institute
Forward Thinking on what deep history might tell us about today’s turbulent times with Alan Taylor
Focus on the long run Explore this and future episodes of the McKinsey Global Institute’s Forward Thinking podcast on our site, and subscribe to ensure you never miss a new one. Subscribe via Apple Podcasts, Google Podcasts, Stitcher, or Spotify.
The future of globalization: Think diversifying, not decoupling
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 02:09 - 21 Feb 2023 -
Join me on Wednesday for a distributed tracing workshop: tracking across your application stacks
Hi MD,
It's Liam Hurrell, Senior Technical Training Specialist at New Relic University, here. Are you looking to improve how you use trace data to find and fix errors or latency issues? If so, you can register for the free online workshop that I'll be hosting on Wednesday 22nd February at 10 AM GMT/ 11 AM CET.
While APM transaction tracing is helpful for analyzing calls in a single application, distributed tracing broadens your view by showing the path a request takes across multiple applications and services–from start to finish. In this practical session, you’ll learn how New Relic Distributed Tracing can extend your transaction tracing capabilities, and help you resolve issues in a distributed architecture.
You can find the full agenda on the registration page here. While we recommend attending the hands-on workshop live, you can also register to receive the recording.
Hope to see you then,
Liam HurrellSenior Technical Training Specialist
New Relic
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by "Liam Hurrell, New Relic" <emeamarketing@newrelic.com> - 05:36 - 21 Feb 2023 -
How to Dive Into API Behavior and Integrate Faster
SmartBear
Learn about our new tool: SwaggerHub ExploreWebinar Event:
How to Dive Into API Behavior and Integrate FasterJoin us on March 1st to learn about our new API exploration tool, SwaggerHub Explore.
Hi Abul,
We are excited to announce SwaggerHub Explore, our new API exploration tool built for increased visibility.
This tool was built for users to instantly visualize API data received from a request all in one place, limiting errors to confidently move on to the next thing on your to-do list.
SwaggerHub Explore currently supports REST APIs and Kafka services, and we’ll be adding support for more protocols soon to deliver you the best experience possible.
SwaggerHub Explore instantly visualizes API data received from a request to easily evaluate the API value all in one place. Adding this solution to your toolkit will save you time and limit errors.
Feel like trying out this new tool before our live webinar?Hope to see you there!
P.S. If you can’t make it, register anyway and we’ll send you a recording.
Molly FarmerGrowth Marketing Manager, SmartBearThis email was sent to {lead.Eamil Address} by SmartBear Software, 450 Artisan Way, Somerville, MA. 02145, 617.684.2600, www.smartbear.com. We hope you found this email of interest. However, we value your privacy. If you do not wish to receive future correspondence from us, please click here to manage email preferences.
by "Molly from SwaggerHub" <swaggerhub-team@smartbearmail.com> - 02:56 - 21 Feb 2023 -
Customized GPS Tracking Software
Customized GPS Tracking Software
Custom Software Development for Your Unique RequirementsGPS TRACKING PLATFORM
Benefits
We offer customized software development solutions to meet your specific needs. Our team of expert developers will work with you to create a tailored software solution that will help streamline your operations, improve efficiency, and increase productivity.
Personalization
We provide you with modified software to meet your unique requirements, leading to greater satisfaction and better performance.
Flexibility
You can get a customized software designed to be flexible. It adapt to your changing business needs and grow with your business.
Competitive advantage
With customized software, you can differentiate yourself from your competitors and attract more customers.
Uffizio India Software Consultant Pvt Ltd, 4th Floor, Metropolis Opp S.T Workshop, Abrama-Dharampur Rd, Valsad, Gujarat 396001, Valsad, Gujarat 396001, India, +91-7285855104
by "Sunny Thakur" <sunny.thakur@uffizio.com> - 01:30 - 21 Feb 2023 -
Farewell dinners, Mindful Mondays: How workplace rituals create community
On Point
Why rituals at work matter Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
• End the ‘me’ mentality. The COVID-19 pandemic halted many office rituals, from watercooler banter to in-person celebrations recognizing employees’ achievements. While some organizations have been intentional about bringing back the physical aspect of work, other companies rely on virtual get-togethers. In this episode of the McKinsey Talks Talent podcast, talent leaders Bryan Hancock and Bill Schaninger suggest that the absence of strong workplace rituals may lead some employees to adopt a “me” mentality.
— Edited by by Katrina Parker, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:37 - 21 Feb 2023 -
The metaverse could generate up to $5 trillion in value by 2030
Harmony Internal - McKinsey
Are you making the right moves? Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
New from McKinsey & Company
Millions of customers are flocking to the early-stage metaverse. But is it really the next big thing or just another fad? The bottom line: With its potential to generate up to $5 trillion in value by 2030, the metaverse is too big for companies to ignore—and if CEOs don’t hop on the metaverse train, they risk being left at the station, write Homayoun Hatami, Eric Hazan, and Hamza Khan. Check out these 10 insights to understand both the opportunities and risks of what some are calling “the next iteration of the internet,” and then dive deeper with more insights in our special collection, McKinsey on the Metaverse.
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Eleni Kostopoulos, managing editor, New York
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 04:17 - 20 Feb 2023 -
Rekindling US productivity is a $10 trillion opportunity
Harmony Internal - McKinsey
On the path to sustainable, inclusive growth Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
New from McKinsey & Company
As we mark another Presidents’ Day in the US, business leaders and policy makers are striving to build a future that delivers sustainable and inclusive growth. But to make progress, they must also confront looming challenges—including workforce shortages, debt, inflation, and the cost of the energy transition. The tasks at hand are Herculean, but there’s one area of focus that can help: productivity. Returning labor productivity growth to its historical level would not only add $10 trillion to US GDP, but it would also help finance the net-zero transition, bring workers back to the job even as the population ages, and put the brakes on rising inequality, write Olivia White, Asutosh Padhi, Kweilin Ellingrud, Anu Madgavkar, and co-authors in a new McKinsey Global Institute report. Explore these insights for ways to revive the engine of US economic power and prosperity, and understand how companies, leaders, and society can work toward sustainable, inclusive growth in the US and beyond.
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Eleni Kostopoulos, managing editor, New York
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 12:20 - 20 Feb 2023 -
Why the new ethics of AI are the CEO’s responsibility
Harmony Internal - McKinsey
Only human Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
If a chatbot had written this edition of Leading Off, would you have known the difference? Generative-AI models are gaining worldwide attention for creating text and graphic content that is convincingly human-like—so much so that a public-school system has even banned the use of one such AI tool in its schools. While these powerful technologies offer exciting opportunities for innovative content creation, they present ethical dilemmas for which many organizations are unprepared. For leaders, that means taking a fresh look at the long-standing debate over AI’s promise and perils. Here’s how the discussion is evolving.
The risks of AI—such as privacy violations, bias, and fraud—are well known, but generative models add new challenges. For example, the technology could be misused to produce deepfakes (fake images or videos that may present people or individuals in a negative light) or spread misleading or harmful information. It has always been the CEO’s job to ensure responsible deployment of AI systems, but now it’s even more important for the chief executive to take on this task personally. High-level corporate value statements won’t suffice “in a world where ‘right’ and ‘wrong’ can be ambiguous and the line between innovative and offensive is thin,” caution McKinsey’s Roger Burkhardt, Nicholas Hohn, and Chris Wigley. Rather, CEOs need to set clear-cut standards for their organizations by “using examples that show how each value translates into the real-world choices that analytics teams make.”
That’s the percentage of organizations that are working to mitigate AI-related cybersecurity risks, according to the 2022 McKinsey Global Survey on AI—and it’s only marginally higher than the 48 percent reported in 2019. In fact, while AI adoption has more than doubled since 2017, the lack of progress on mitigating any AI-related risks remains “concerningly consistent,” note McKinsey partners Michael Chui and Helen Mayhew and their coauthors. Mitigation of personal-privacy risk is even lower than it was in 2019, and managing “explainability”—the capacity to express how AI models come to their decisions—has barely improved in three years.
That’s McKinsey senior partner Lareina Yee and colleagues on the game-changing potential of new technologies that create original content by learning from existing data. Generative-AI systems have achieved public popularity because of their ability to write convincing text and produce artwork, but, increasingly, their business uses are also catching on: early adopters are deploying them to create, among other things, product user guides, IT code and documentation, legal document drafts, and business presentations. Eventually, AI will become “boring,” predicts an Economist article, as the technology is “applied to ever more jobs and company functions.” But right now, generative AI is not a ready-set-go technology, the McKinsey experts warn: “Its nascency requires executives to proceed with an abundance of caution.”
Generative AI may be stealing the headlines, but mainstream AI has yet to make inroads into strategy—and that’s where leaders need it the most, suggests McKinsey senior partner Yuval Atsmon in this episode of our Inside the Strategy Room podcast. “Only 7 percent of respondents to our survey about the use of AI say they use it in strategy or even financial planning,” he says. “In areas like marketing, supply chain, and service operations, it’s 25 or 30 percent.” That may be because executives expect too much from AI capabilities at this stage; out of six possible levels of AI development, only three are currently available. “Where AI can be affordably used in strategy today is for building blocks of the strategy,” says Atsmon. For example, one company uses AI to scan for certain consumer technology usage patterns that could give the business a strategic edge. “It can be a sharp knife that cuts through some of the clutter,” he says.
Lead by managing AI responsibly.
— Edited by Rama Ramaswami, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:48 - 20 Feb 2023 -
Scale Business With Unified Communication
Scale Business With Unified Communication
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by "Sangoma Technologies" <webannounce@sangoma.com> - 02:46 - 20 Feb 2023 -
The week in charts
The Week in Charts
Delivery drones, autonomous driving, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:09 - 18 Feb 2023 -
Dispelling the mystery of zero-based budgets
Harmony Internal - McKinsey
An alternative to indiscriminate job cuts Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Dispelling the mystery of zero-based budgets
Back in 2014, many companies found that their revenues were growing more slowly than their sales, general, and administrative (SG&A) costs were. Controlling those costs became essential. At such times, executives often think they have to make large, arbitrary budget cuts, no matter how imprudent or unsustainable. But a McKinsey team argued that companies had a better choice: zero-based budgeting (ZBB).
ZBB does involve “building a budget from zero,” but it is also very much more: a repeatable process that organizations can use to scrutinize every part of the annual budget, rethink their processes, manage their financial performance, and implant a cost management culture among employees. A best-practice ZBB program exposes all cost drivers and uses the findings to set aggressive but realistic budget targets. Executives and managers can then understand and debate the company’s finances and work.
ZBB can cut SG&A budgets by 10 to 25 percent, often within six months. Yet it remains a mystery for many executives. At a time when businesses are again trying to rein in costs, you’ll want to read “Five myths (and realities) about zero-based budgeting.”Learn how to cut budgets intelligently Michael Birshan and Ishaan Seth, “How ambidextrous leaders manage through volatile times”
Ankur Agrawal, Stefon Burns, Kyle Hawke, and Matt Jochim, “The SG&A imperative in times of crisis”
How a great customer experience creates value
Executives understand the benefits of customer-centric strategies, but many of them don’t know how to implement one. Read our 2016 classic “Linking the customer experience to value.”
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 11:16 - 18 Feb 2023 -
Healthy dissent, the key to healthy living, ESG data governance, and more big reads for the weekend
Harmony Internal - McKinsey
Recharge with the week’s essential reads Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
We’ve made it to the weekend. Take a moment to relax and recharge by diving into this week’s big reads on healthy dissent, how history can provide insight on today's pressing issues, the key to healthy living, and more.
QUOTE OF THE DAY
chart of the day
Ready to unwind?
— Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 05:09 - 17 Feb 2023 -
What is productivity?
Harmony Internal - McKinsey
Focus on growth New from McKinsey & Company
What is productivity?
What are the different kinds of productivity? Why is productivity growth slowing in advanced countries? The answers to these questions—and others—are available in our new McKinsey Explainers series. Have a question you want answered? Reach out to us at ask_mckinsey@mckinsey.com.
Focus on growth Share these insights
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 02:57 - 17 Feb 2023 -
White Label GPS Tracking Software
White Label GPS Tracking Software
Start your profitable GPS tracking business.GPS TRACKING PLATFORM
Benefits
Run the platform under your own brand name and offer your customers a seamless, personalized experience with your own branded solution.
Custom branding
Offer high-quality, reliable software products under your own brand name.
Cost-effective
You can leverage existing software, infrastructure, and expertise to reduce development and maintenance costs.
Scalability
Quickly and easily add new features, functionalities, or capabilities to your software as your business grows.
Improved customer loyalty
Delivering exceptional customer experiences consistently gives a sense of familiarity and trust, and experience increased customer loyalty.
Uffizio India Software Consultant Pvt Ltd, 4th Floor, Metropolis Opp S.T Workshop, Abrama-Dharampur Rd, Valsad, Gujarat 396001, Valsad, Gujarat 396001, India, +91-7285855104
by "Sunny Thakur" <sunny.thakur@uffizio.com> - 01:00 - 17 Feb 2023 -
Think outside the office: Harnessing nature to boost creativity and performance
On Point
Nature’s cognitive benefits Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
• Regaining focus. Attention restoration theory suggests that the brain’s ability to focus on specific tasks is limited and results in directed-attention fatigue. Researchers have found that contact with nature can help alleviate mental fatigue and improve the brain’s ability to process information. Neuroscience backs up these claims; as McKinsey senior partner Arne Gast and coauthors share, when in nature, our brains emit alpha waves, which help enable greater levels of focus, intuition, and reasoning.
— Edited by Alexandra Mondalek, editor, New York
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:52 - 17 Feb 2023 -
The importance of US productivity for the economy
Harmony Internal - McKinsey
Download the full report Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Productivity growth in the US is declining—and this is a missed opportunity worth $10 trillion. Labor productivity, or the economic output per hour worked, is essential to addressing the major challenges we face today including workforce shortages, debt, inflation, and the cost of the energy transition. What can be done to boost US productivity, which has been growing at a mere 1.4 percent since 2005? In a new article from the McKinsey Global Institute, McKinsey’s Kweilin Ellingrud, Asutosh Padhi, Olivia White, and their coauthors explore the productivity challenges facing the US and other countries, and suggest action items business leaders and policy makers can take to return labor productivity growth to its historical level.
Quote of the day
—McKinsey senior partner Kweilin Ellingrud on key takeaways from Davos 2023 in “Resilience in crisis: Perspectives from Davos”
Chart of the day
ALSO NEW
— Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:18 - 16 Feb 2023