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Final Call: Unlock the US Market - Webinar Tomorrow
Final Call: Unlock the US Market - Webinar Tomorrow
Last chance to join our webinar on US expansion. Register today!Hi MD,
Are you expanding to the US in the next 12 months? There’s still time to register for our upcoming webinar…
Unlocking the US - Simplifying Stateside Expansion
Date: Wednesday, July 10th
Time: 3 p.m. UTC / 5 p.m. CET / 11 a.m. EST
Duration: 45minThis is your opportunity to learn from the best in the business, including our expert speakers...
- Mark Berkowitz, VP Business Consulting at Sequoia One
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... who will guide you through a no-nonsense 45-minute session filled with critical insights and strategies for successful US market expansion.
Highlights will include:
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What can manufacturers do to attract and retain Gen Z workers?
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Security, respect, and making a difference Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
•
Meaning, not money. Gen Z workers say they are open to manufacturing jobs, but many who try the work end up leaving. To attract and retain them, manufacturers need to rethink their approach to talent development, say McKinsey senior partner Fernando Perez and coauthors. Unlike older workers, who typically see pay as the most important factor for taking a job, Gen Z workers prioritize meaningful work, job flexibility, and relationships with coworkers.
—Edited by Jana Zabkova, senior editor, New York
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Help wanted? Help needed: Labor market challenges
4 scenarios for growth by 2030 Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
New from McKinsey & Company
As advanced economies around the world emerged from the 2008 financial crisis, they began an arduous journey toward protracted recovery. Today, labor markets in these advanced economies are still among the tightest in two decades, with the number of job vacancies per unemployed person having increased by more than four times on average by 2023.
How does labor tightness affect economic productivity and output? In this data-driven report by the McKinsey Global Institute, senior partner Olivia White and coauthors say that “GDP in 2023 could have been 0.5 percent to 1.5 percent higher across these economies if employers had been able to fill their excess job vacancies.” What’s more, since 2010, countries that have increased GDP fastest have done so primarily by adding more jobs rather than by tackling the harder job of improving productivity. Now, to maintain their current level of growth, advanced economies will need to find ways to both expand the workforce and boost productivity.
To be better prepared for the future, explore these insights to learn more about labor market tightness and the productivity imperative.MORE FROM MCKINSEY
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Esther Chung, editor, Atlanta
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The week in charts
The Week in Charts
Interest rate derivatives, increasing productivity with AI, and more Share these insights
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EP119: What do Amazon, Netflix, and Uber have in common?
EP119: What do Amazon, Netflix, and Uber have in common?
This week’s system design refresher: 7 Must-know Strategies to Scale Your Database (Youtube video) What do Amazon, Netflix, and Uber have in common? 100X Postgres Scaling at Figma Best ways to test system functionality SPONSOR US Monitor AI Applications Built with NVIDIA NIM (Sponsored)͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreThis week’s system design refresher:
7 Must-know Strategies to Scale Your Database (Youtube video)
What do Amazon, Netflix, and Uber have in common?
100X Postgres Scaling at Figma
Best ways to test system functionality
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7 Must-know Strategies to Scale Your Database
What do Amazon, Netflix, and Uber have in common?
They are extremely good at scaling their system whenever needed.
Here are 8 must-know strategies to scale your system.
Stateless Services
Design stateless services because they don’t rely on server-specific data and are easier to scale.Horizontal Scaling
Add more servers so that the workload can be shared.Load Balancing
Use a load balancer to distribute incoming requests evenly across multiple servers.Auto Scaling
Implement auto-scaling policies to adjust resources based on real-time traffic.Caching
Use caching to reduce the load on the database and handle repetitive requests at scale.Database Replication
Replicate data across multiple nodes to scale the read operations while improving redundancy.Database Sharding
Distribute data across multiple instances to scale the writes as well as reads.Async Processing
Move time-consuming and resource-intensive tasks to background workers using async processing to scale out new requests.
Over to you: Which other strategies have you used?
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100X Postgres Scaling at Figma
With 3 million monthly users, Figma’s user base has increased by 200% since 2018.
As a result, its Postgres database witnessed a whopping 100X growth.
Vertical Scaling and Replication
Figma used a single, large Amazon RDS database.
As a first step, they upgraded to the largest instance available (from r5.12xlarge to r5.24xlarge).
They also created multiple read replicas to scale read traffic and added PgBouncer as a connection pooler to limit the impact of a growing number of connections.Vertical Partitioning
The next step was vertical partitioning.
They migrated high-traffic tables like “Figma Files” and “Organizations” into their separate databases.
Multiple PgBouncer instances were used to manage the connections for these separate databases.Horizontal Partitioning
Over time, some tables crossed several terabytes of data and billions of rows.
Postgres Vacuum became an issue and max IOPS exceeded the limits of Amazon RDS at the time.
To solve this, Figma implemented horizontal partitioning by splitting large tables across multiple physical databases.
A new DBProxy service was built to handle routing and query execution.
Over to you - Would you have done something differently?
Best ways to test system functionality
Testing system functionality is a crucial step in software development and engineering processes.
It ensures that a system or software application performs as expected, meets user requirements, and operates reliably.Here we delve into the best ways:
Unit Testing: Ensures individual code components work correctly in isolation.
Integration Testing: Verifies that different system parts function seamlessly together.
System Testing: Assesses the entire system's compliance with user requirements and performance.
Load Testing: Tests a system's ability to handle high workloads and identifies performance issues.
Error Testing: Evaluates how the software handles invalid inputs and error conditions.
Test Automation: Automates test case execution for efficiency, repeatability, and error reduction.
Over to you:
How do you approach testing system functionality in your software development or engineering projects?
What's your company's release process look like?
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by "ByteByteGo" <bytebytego@substack.com> - 11:35 - 6 Jul 2024 -
The revolutionary potential of gen AI
Plus, 9 trends defining the global consumer market Generative AI (gen AI) has the potential to profoundly alter our professional and personal lives, says Silicon Valley pioneer Reid Hoffman, who chatted with McKinsey’s Lareina Yee for a new episode of the At the Edge podcast. In this month’s featured story, Hoffman explains why he envisions the technology as not only a tool for individual tasks but also one that enhances collective team effectiveness, optimizes workflows, and facilitates decision making within organizations. Other highlights in this month’s issue include the following topics:
•
the nine trends defining the global consumer market
•
why leaders should strive to lead from the “inside out”
•
the state of labor markets in advanced economies
•
how leading companies build distinctive capabilities
State of the Consumer 2024: What’s now and what’s next
Amid massive shifts in the consumer landscape, companies can’t afford to rely on yesterday’s consumer insights. Here are nine trends that merit close attention.
Delve into the 9 trendsThe ‘inside out’ leadership journey: How personal growth creates the path to success
In a new book, four McKinsey senior partners show why leaders must connect with themselves first before they can inspire and empower their organizations.
Embrace the human side of leadershipHelp wanted: Charting the challenge of tight labor markets in advanced economies
For almost two decades, labor markets across advanced economies have tightened—and the trend is set to continue. This article provides a data-driven look via charts to understand the implications.
Grow the supply-side pieBuilding a superpower: What can we learn from the Magnificent Seven?
A distinctive capability can lift a company’s performance. But it’s not easy to build one. Here’s a guide to how today’s stock market favorites have created enduring competitive advantages.
Build enduring capabilitiesWhat it takes to create a winning transformation
Successful organizations move a transformation from ambition to action. Here’s what it takes.
Get your briefingKeep calm and allocate capital: Six process improvements
The most effective resource allocation processes are radically simple.
Turn strategy into actionMcKinsey Explainers
Find direct answers to complex questions, backed by McKinsey’s expert insights.
Learn moreMcKinsey Themes
Browse our essential reading on the topics that matter.
Get up to speedMcKinsey on Books
Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by Circana.
See the listsMcKinsey Chart of the Day
See our daily chart that helps explain a changing world—as we strive for sustainable, inclusive growth.
Dive inMcKinsey Classics
To learn how to shift your mindset in service of stronger, more purposeful leadership, read Johanne Lavoie’s 2014 classic, “Lead at your best.”
RewindThe CEO Shortlist
—Edited by Eleni Kostopoulos, managing editor, New York
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Inside Coty’s makeover, the secret sauce behind productivity, gen AI in credit risk, and more: The Daily Read Weekender
Slide into the weekend with these reads Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
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> - 12:26 - 5 Jul 2024 -
How can Europe revive its competitiveness?
Only McKinsey
Comparing European and US investment Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
•
Declining investment. Investment is the lifeblood of competitiveness and productivity. From 1997 to 2022, investment in capital accounted for 70 to 80% of productivity growth across regions. After the global financial crisis, net investment fell precipitously in Europe, and it remains down by about €550 billion a year. That could put Europe’s prosperity, way of life, and place in the world at risk, McKinsey Global Institute chair Sven Smit and coauthors reveal.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey" <publishing@email.mckinsey.com> - 11:06 - 4 Jul 2024 -
A Crash Course in Database Scaling Strategies
A Crash Course in Database Scaling Strategies
Databases form the backbone of modern application development. They play a vital role in storing, managing, and retrieving data, enabling applications and services to function effectively. As applications gain popularity and attract a growing user base, databases face the challenge of handling ever-increasing data volumes, concurrent users, and complex queries.͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreLatest articles
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Databases form the backbone of modern application development. They play a vital role in storing, managing, and retrieving data, enabling applications and services to function effectively.
As applications gain popularity and attract a growing user base, databases face the challenge of handling ever-increasing data volumes, concurrent users, and complex queries.
It becomes critical to scale databases effectively to ensure optimal performance and a good user experience.
Database scaling is the process of adapting and expanding the database infrastructure to accommodate growth and maintain performance under increased load. It involves employing various techniques and strategies to distribute data efficiently, optimize query execution, and utilize hardware resources judiciously.
Organizations and developers must understand and implement the right database scaling strategy. Choosing the wrong strategies for a particular situation can result in more harm than good.
In this post, we will cover the most popular database scaling strategies in detail, discussing their benefits and trade-offs.
Indexing
Indexing is one of the foundational techniques to enhance the scalability and performance of databases. ...
Unlock this post for free, courtesy of Alex Xu.
A subscription gets you:
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by "ByteByteGo" <bytebytego@substack.com> - 11:36 - 4 Jul 2024 -
Are you ready to accelerate your API platform maturity?
Are you ready to accelerate your API platform maturity?
Join our webinar for a real-time walkthrough of how a Fortune 500 company used the model to assess and accelerate its platform maturity.Hi Md Abul,
Tyk’s API platform maturity model is a transformative tool for organizations navigating the complexities of modern API ecosystems. Let us show you how!
Join our webinar on 25th July for a real-time walkthrough of how a Fortune 500 company used the model to assess and accelerate its platform maturity. Then we’ll explain how you can do the same:
- Gain practical insights into accelerating API platform maturity
- Identify helpful next steps and priorities to create a playbook for your own platform maturity journey
You can apply these insights and tips in any sector – we’ll show you how.
If you’re ready to understand and accelerate your organization’s API platform maturity, register for our webinar now.
📅 Date: 25th July 2024
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Want to know more?
Get up to speed on the API platform maturity modelSee you soon,
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by "Budhaditya Bhattacharya" <budha@tyk.io> - 06:00 - 4 Jul 2024 -
$5.16M in Business Value Per Company - IDC Report
Sumo Logic
Sumo Logic delivers business value beyond log analytics.
Delivering business value beyond log analytics.
IDC released The Business Value of Sumo Logic report, detailing the value and savings in DevOps, SecOps, and IT.
The stats above are just the tip of the iceberg. Check out the full report to learn about business value and benefits org-wide.
Don’t “balance” budget and value when you can have both.
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by "Sumo Logic" <marketing-info@sumologic.com> - 09:00 - 3 Jul 2024 -
AVAILABLE PETROLEUM PRODUCTS FOR EXPORT
Date: Wed, 03 Jul 2024 17:30:07 +0300 Reply-To: maratoil.gas@mail.ru Dear Buyer / Buyer Mandate We are major provider of petroleum products worldwide. We offer a variety of petroleum products with confidence and dependability. (FOB/CIF Contracts: D2 DIESEL GAS OIL, DIESEL (VIRGIN D6), FUEL OIL MAZUT. and others. JET FUEL JP-54, JET FUEL A1, and others.) and also you can inform your esteem buyer company that we have available and reliable tank storage facility for lease/rent in Rotterdam, Houston, Fujairah, Singapore and ASWP, Kindly get back to us for a seamless transaction, all terms and conditions are flexible and adaptable to suit both the buyer and the seller. ---- Best Regards Mr. Gaisin Rinat Ravilevich Director General Limited Liability Company "Research And Production Association "Maratoilgas" Tel / WhatsApp: +7 926 774-93-31 Email: maratoil.gas@mail.ru Legal Address: 443530, Samara Region, Volzhsky District, 2 Oak Umet, S. Oak Umet, St. Sovetskaya, 115 Russia Federation INN: 6367046836, KPP: 636701001, OKPO: 76783648, OGRN: 1056367009115
by maratoilgas@maratoil.org - 10:30 - 3 Jul 2024 -
Reminder: Webinar on US Expansion - Register Now!
Reminder: Webinar on US Expansion - Register Now!
Our webinar on conquering US expansion is just around the corner. Secure your spot!Just a friendly reminder about our upcoming webinar:
Unlocking the US - Simplifying Stateside Expansion
Date: Wednesday, July 10th
Time: 3 p.m. UTC / 5 p.m. CET / 11 a.m. EST
Duration: 45minThis is your chance to hear directly from experts at Remote, Sequoia One, and Mosey. In just 45 minutes, you’ll gain actionable insights and battle-tested strategies to ensure your expansion into the US market is nothing short of triumphant.
What you'll learn:
- Best practices for US payroll management
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- How to choose between PEO and EOR models
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by "Remote" <hello@remote-comms.com> - 10:00 - 3 Jul 2024 -
New Relic integrates with NVIDIA NIM to accelerate AI adoption and ROI
New Relic
June 2024How to monitor AI applications built with NVIDIA NIM New Relic and NVIDIA released the first observability integration making it easy for companies to monitor the health and performance of their AI applications built with NVIDIA NIM.Read the blog Click-to-parse is now generally availableAnnouncing our new click-to-parse functionality in log management.
How New Relic helps Closegap move from DevOps to new buildsClosegap moves from a Rails API and React frontend to a full stack Rails and Hotwire approach to support a more events-based architecture.
Useful ReadsMobile APM: Android and iOS monitoringElevate your user experience with real-time data insights for mobile applications.
Measuring business success with observability metricsObservability isn't merely about keeping systems up and running; it's about gaining insights that drive business success. This blog post delves into how observability metrics, beyond their technical merits, can be powerful tools for measuring and enhancing business performance.
Upcoming EventsJoin New Relic at WeAreDevelopers
Join us at booth A29 on the 18th and 19th of July to take your observability to the next level with live demonstrations and personalised advice from New Relic experts. See Jemiah Sius, Senior Director of Developer Relations on the main stage. Jemiah will talk about: Mastering AI-driven problem-solving in engineering with observability.
Register now New Relic University online workshops
Join one of our on demand New Relic online training workshops. These 90-minute trainer-led workshops with hands-on labs will help you up level your observability skills. Choose from a variety of sessions.Join now New Relic End-of-Life UpdatesSupport for PromQL (July 15)
- We’re standardizing our querying experiences around NRQL by removing PromQL-styled query support.
- You can still access Prometheus metrics and events, but will need to adopt NRQL as the method for querying Prometheus data.
-
If you’re currently using PromQL-styled queries to query your data, you’ll need to adopt NRQL.
-
Prometheus metrics data will still be accessible in New Relic.
- For more information, see our documentation.
Data Explorer (September 30)
- We’re migrating the data explorer tool from the metrics and events capability to the query your data capability.
- We’re unifying querying capabilities into a single experience to streamline how customers can access their data.
-
If you want to use the data explorer tool, you’ll now find it under the query your data capability from https://one.newrelic.com > All capabilities.
-
See here for more information.
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by "New Relic" <emeamarketing@newrelic.com> - 05:01 - 3 Jul 2024 -
What can employers do to improve worker health?
Only McKinsey
6 areas could make a difference Brought to you by Alex Panas, global leader of industries and senior partner & Axel Karlsson, global leader of functional practices and senior partner
•
Improving employee health. Employers have considerable opportunities to improve the health of their workers. The McKinsey Health Institute (MHI) has previously identified 23 factors of health, and employment can greatly influence some of these (such as stress and sleep). By improving employee health, employers could add trillions of dollars to the global economy and have a positive impact on society, McKinsey senior partner Patrick Simon and coauthors reveal.
—Edited by Belinda Yu, editor, Atlanta
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by "Only McKinsey" <publishing@email.mckinsey.com> - 11:06 - 2 Jul 2024