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info@learn.odoo.com

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• A road map to growth for Indian enterprises

  On Point

  Debunking 4 myths about growth ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Boosting growth in Indian business In the news • Stock market surge. Optimism about India’s economy and a pickup in corporate profits are prompting a surge in Indian initial public offerings even as some analysts caution that corporate valuations are at record highs, the Financial Times notes. In January, 21 IPOs attracted roughly $678 million, a considerable increase over the $17 million raised during the same period last year. India’s stock market is booming, with the total value of shares listed in India reaching about $4 trillion in 2023. [FT] • Slumping investment. Domestic companies must bolster investment in India if the country is to meet its goal of becoming a fully developed economy by 2047, the New York Times reports. The swiftly growing economy is predicted to expand 6% in 2024, outpacing both the Chinese and US economies. Yet although India’s stock markets are soaring, corporate spending is sluggish. At the same time, foreign investment is declining, dropping from a recent 12-month average of $40 billion to $13 billion in 2023. [NYT] At 30%, the top quintile of Indian companies delivered nearly double the TSR over five years compared with the Nifty 50 benchmark index of 14% TSR. On McKinsey.com • Remarkable growth. As India anticipates a century of independence in 2047, the country is likely to see its GDP increase to $19 trillion. How can Indian enterprises help the country achieve this extraordinary growth? Our analysis of 837 publicly traded companies in India revealed that, between 2012 and 2022, one in five companies doubled their revenue every five years and quadrupled it in ten, achieving revenue growth of 15% or more, compounded annually. This extraordinary growth rate could catalyze GDP growth in India, McKinsey senior partner Jaidit Brar and coauthors share. • Smaller companies’ success. Indian companies have had to overcome considerable challenges over the past few years, and this will likely continue. Business leaders could well believe the myth that only large, established companies can succeed in uncertain times. However, our study revealed that smaller companies actually have the highest proportion of growth champions, at 36%. Explore four myths that can prevent Indian companies from aiming high and our framework for accelerating growth. Get a framework for growth — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:25 - 5 Mar 2024

• 🚀 Our ASYNC Power Hour webinar is now live. Tune in. 

  🚀 Our ASYNC Power Hour webinar is now live. Tune in. 

  Hi MD, Great news! 🎉 The "ASYNC Power Hour: Asynchronous Work in Action and Its Impact on Global Teams" is now live! This webinar is your gateway to mastering async work dynamics 💼, featuring our CEO, Job van der Voort and other Remote leaders from around the world, as they share the blueprint for Remote's global async success. Watch now Don't forget to grab our interactive Notion agenda while attending the webinar. It's filled with useful information, additional resources, and links to the tools and details discussed during the webinar. You can access the agenda here. The HR platform for global businesses Remote makes running global teams simple. Hire, manage, and pay anyone, anywhere. Book a demo You received this email because you are subscribed to News & Offers from Remote Europe Holding B.V Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails Remote Europe Holding B.V Kraijenhoffstraat 137A 1018RG Amsterdam The Netherlands Copyright © 2024 All rights reserved.

  

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  by "Remote" <hello@remote-comms.com> - 12:00 - 5 Mar 2024

• The rising tide of M&A: A leader’s guide

  Let’s make a deal ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   ESSENTIALS FOR LEADERS AND THOSE THEY LEAD Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Mergers and acquisitions, when executed well, are one of the most critical tools companies can use to create value. But they’re not always the most popular path to growth. This was certainly true in 2023, a tough year for M&A by many measures. Yet hope springs eternal, thanks to a late-in-the-year rebound in deal activity and continued confirmation that programmatic acquirers (companies that pursue multiple small or midsize acquisitions every year) outperform their competition. This week, we look at the reasons why M&A might matter now more than ever and the ways that companies can prepare for their next deal. AN IDEA M&A is not dead It’s been a volatile few years for the M&A market, which was in a bona fide slump in 2023. While the S&P 500 rose by 24 percent, global deal value and volume were both lower than in the pandemic year of 2020. Despite the glum statistics, McKinsey senior partners Jake Henry and Mieke Van Oostende are optimistic about M&A’s prospects. In their 2024 M&A activity report, they predict a growing appetite for deals due to a few factors: amid major changes in the business environment, M&A is strategically essential to competitiveness; macroeconomic concerns, such as inflation, are tempering; and many investors have a healthy amount of cash on hand. While the M&A opportunity varies by industry and region, the report points to steps that all companies can take to prepare for a potential groundswell of transactions. Among them: reevaluating the company’s M&A themes and strategies (divestitures included) that are most relevant to the business, investing in the capabilities and assets that will support future portfolio changes, and pursuing partnerships and alternative deal types, such as joint ventures, to mitigate potential risks and financing issues. A BIG NUMBER $8.3 trillion That’s how much money the world’s 2,000 largest companies (or the “Global 2000”) spent on deals in the past decade. With the right M&A blueprint and capabilities, the payoff from transactions can be huge. Yet even with so much value at stake, McKinsey’s Ignacio Fantaguzzi and Christopher Handscomb say that one important M&A capability, culture, is often overlooked. “Differences in cultures can exist at any level and can seriously disrupt operations and jeopardize integration,” they say. “Companies may differ in their cultures around decision making—one may have a top-down, directive culture while the other’s is consultative and process-driven.” To practice effective culture management, it’s important for organizations to recognize the differences in how work gets done, decide on a future culture for the integrated company, and develop a change story that will inspire the new culture (and related behavioral changes) to take root. A QUOTE “It’s critical for potential acquirers to take time at the outset to measure both their own organizational health and that of the target company.” That’s McKinsey’s Jeff Rudnicki and colleagues on the virtues of a “healthy” corporate culture in large M&A deals, or transactions in which the deal is worth at least 30 percent of the acquirer’s market capitalization. While the odds for success in large deals are essentially a coin toss, Rudnicki and coauthors explain that a few traits of organizationally healthy acquirers help give these companies a competitive edge: they are rigorous in their selection and management of talent, focused on the deal’s value proposition (and actively communicate that to stakeholders), and disciplined in their process of integrating a target. A SPOTLIGHT INTERVIEW Long-running McKinsey research continues to demonstrate the value of a programmatic approach to M&A, in which dealmaking is treated as a continuous process, rather than an event, that requires a robust set of capabilities. Not only does a programmatic M&A strategy yield consistently better returns than all other approaches to transactions, but it can also be instrumental in boosting a company’s resilience. “To develop that muscle, you need to think about M&A holistically, starting with a link to strategy,” says McKinsey’s Patrick McCurdy in a recent episode of the Inside the Strategy Room podcast with Tobias Lundberg, Jeff Rudnicki, and Joanna Stone Herman, a partner at M&A advisory firm Oaklins DeSilva & Phillips. McCurdy and colleagues also identify what they call “the three Cs”—competitive advantage, conviction, and capacity—which can enable programmatic acquirers to continue pursuing deals, and finding success, even through a downturn. LET THEM EAT CAKE Few mergers are as full of emotion or extravagant desserts as a marriage ceremony. Yet similar to our outlook for corporate deals, the wedding cake forecast is calling for bigger, bolder confections. Perhaps as an antidote to the smaller-scale, pandemic-era celebrations of recent years, some couples are springing for epic sheet cakes that span the length of tables, invoke a bit of nostalgia, and make finding the right pastry chef nearly as important as finding the perfect partner. Lead by doing your due diligence. – Edited by Daniella Seiler, executive editor, Washington, DC Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to the Leading Off newsletter. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:41 - 4 Mar 2024

• What’s next for M&A in 2024?

  On Point

  M&A’s most active region ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Top trends in M&A In the news • 2023 M&A slump. M&A volume around the world slowed in 2023, with many businesses postponing dealmaking amid economic uncertainty, the Wall Street Journal states. Steeper interest rates meant that fewer buyers were willing to pay top dollar to acquire companies, and purchasers and sellers were often unable to settle on a price, bankers and M&A professionals said. Even so, US corporate earnings are increasing, and possible interest rate cuts in 2024 could revitalize M&A activity, experts noted. [WSJ] • Potential pickup in 2024. Global M&A activity in 2023 dipped to a ten-year low as higher interest rates made it costlier for companies to finance acquisitions and as buyers and sellers struggled to see eye to eye on prices, Reuters reports. Cross-border deals have become tougher to complete, since some countries have enacted more complex regulations, according to investment bankers and corporate lawyers. Still, the M&A market looks livelier in 2024, with deal volumes picking up in the fourth quarter of 2023. [Reuters] Global deal value jumped 41% from the third quarter to the fourth quarter of 2023, showing signs of recovery. On McKinsey.com • Vital for growth. M&A dealmakers have weathered a tough year, with global M&A activity in 2023 dropping to $3.1 trillion, a 16% decrease from 2022. Still, CEOs across industries say that M&A is a more vital strategy than ever, McKinsey senior partners Jake Henry and Mieke Van Oostende reveal. Companies that made more than two small to midsize deals annually over ten years through 2022 delivered a median excess TSR of 2.3%, McKinsey’s latest analysis of the world’s 2,000 largest public companies found. • The most active region. The performance of various sectors and regions may indicate which areas of M&A are likely to recover most quickly from the global M&A market’s ten-year low in 2023. The Americas remained the most active market for M&A, accounting for more than half of global activity in 2023. The region also claimed 11 of the world’s 20 largest deals announced in 2023. Consider five steps companies can take now to prepare for what could be a wave of M&A deals in 2024. See strategies for M&A in 2024 — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:28 - 4 Mar 2024

• 🚀 Don't miss out, sign up today for our upcoming webinar on async work.

  🚀 Don't miss out, sign up today for our upcoming webinar on async work.

  Discover how asynchronous work can redefine success for your global team.

  Hi MD, ⏰ There's still time to register for our upcoming webinar:  ASYNC Power Hour: Asynchronous work in action and its impact on global teams This is a unique opportunity to unlock a wealth of knowledge on asynchronous work, from Remote CEO Job van der Voort, along side other Remote global team leaders. Watch on-demand, starting March 6th, 2024. This pre-recorded webinar is all about embracing async. Why this format? Because learning should fit your schedule, not the other way around. Register now for access Agenda Highlights: Buzzword or Future of Work? 🤔 Remote CEO, Job van der Voort unpacks the reality of async work in a global organisation. Confessions from the People Team: 💬 Insights into cultivating an ASYNC culture from our global team leaders. Hiring for an ASYNC Workplace: 👥 Learn strategies for assembling a remote-ready team, featuring advice from our Director of Talent Acquisition, Anastasia Pshegodskaya. Managing an ASYNC Team: 💼 Discover lessons from our leadership, including firsthand experiences from Amanda Day, Senior Director of People Enablement. 👉 Sign Up Now 👈 for an enriching experience that blends insights with practical strategies. The HR platform for global businesses Remote makes running global teams simple. Hire, manage, and pay anyone, anywhere. Book a demo You received this email because you are subscribed to News & Offers from Remote Europe Holding B.V Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails Remote Europe Holding B.V Kraijenhoffstraat 137A 1018RG Amsterdam The Netherlands Copyright © 2024 All rights reserved.

  

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  by "Remote" <hello@remote-comms.com> - 12:00 - 3 Mar 2024

• The week in charts

  The Week in Charts

  Pickleball’s popularity, natural gas imports, and more ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   ALL THE WEEK’S DATA THAT’S FIT TO VISUALIZE Our McKinsey Chart of the Day series offers a daily chart that helps explain a changing world—as we strive toward sustainable and inclusive growth. In case you missed them, this week’s graphics explored pickleball’s popularity, natural gas imports, racial equity in the US, the economic effect of the women’s health gap, and mitigating climate change. FEATURED CHART Pickleball nets fans See more This week’s other select charts Germany’s natural gas shift A closer look at place and racial equity A $1 trillion boost from better health Mitigating climate change Follow our thinking Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you subscribed to The Week in Charts newsletter. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:38 - 2 Mar 2024

• How CEOs assess their performance

  Plus, harnessing the power of gen AI in energy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  Share this email Share this email on LinkedIn   Share this email on Twitter   Share this email on Facebook   Monthly Highlights, March 2024 The CEO role is challenging, demanding, and important—particularly in today’s uniquely tough operating environment. But how are CEOs actually performing, and what can they do to reach their full potential? As we approach the second anniversary of the release of CEO Excellence, the best-selling book by McKinsey’s Carolyn Dewar, Scott Keller, and Vikram Malhotra, we look at how CEOs can succeed across their leadership journey. Our first featured story explores early results from our proprietary CEO Excellence Assessment Tool, which offer insights into the key issues facing more than 100 CEOs who primarily lead companies headquartered in Asia across 17 major industries. Our second featured story dives into how CEOs can excel at every stage of their journey: preparing for the role, transitioning into the role, navigating the middle years, and transitioning out of the role. Other highlights in this month’s issue include the following topics: • harnessing the power of generative AI in energy and materials • how to achieve sustained organizational health • the role of place in racial equity • what’s ahead for M&A Editor’s choice CEO excellence: How do leaders assess their own performance? Early results from our proprietary CEO Excellence Assessment Tool offer insights into the key issues facing more than 100 CEOs, mostly from Asia, and where they feel most confident—and most vulnerable. Become a better leader  The CEO journey: Finding success at every stage The much-coveted CEO role is the pinnacle for many talented senior executives. Developing certain attributes can help them get there—and leave a legacy. See the analysis  THIS MONTH’s HIGHLIGHTS Beyond the hype: New opportunities for gen AI in energy and materials Generative AI can create additional value from other forms of AI and analytics—and the energy and materials sector is uniquely well-positioned to benefit from these advancements. Harness the power Organizational health is (still) the key to long-term performance McKinsey’s latest findings on organizational health demonstrate that it remains the best predictor of value creation and a sustainable source of competitive advantage in today’s global marketplace. See the results The state of Black residents: The relevance of place to racial equity and outcomes At the current pace of change, it could take decades to improve outcomes for Black Americans and more than three centuries to get to racial parity. How can different types of communities move closer to delivering a better quality of life for all residents? Change the trajectory Top M&A trends in 2024: Blueprint for success in the next wave of deals Will 2024 launch a bright new era for M&A? Anticipating what could be an inflection point, many dealmakers are preparing for a surge—and new market requirements—in the year ahead. See what’s ahead What to expect from medtech in 2024 Our medtech predictions for the year ahead were inspired by conversations with more than 200 industry leaders and informed by McKinsey’s latest decade-ahead medtech report. Be energized Spark & Sustain: How all of the world’s school systems can improve learning at scale Student achievement is stagnating globally and millions of children are not learning, but meaningful change is possible by taking lessons from systems that are beating the odds. Beat the odds ALSO New The equity story you need for the long-term investors you want Beyond the hype: Capturing the potential of AI and gen AI in TMT Consumers: Spending more to buy less Time to move: Sporting goods 2024 How to achieve great health for all? Start in your city. What technology trends are shaping the mobility sector? Deploying generative AI in US state governments: Pilot, scale, adopt Building a resilient tomorrow: Concrete actions for global leaders How to be a better chief of staff The future of the payments industry: How managing risk can drive growth Ethnocultural minorities in Europe: A potential triple win The changing role of the infrastructure CEO OUT NOW: The State of Energy Organizations 2024 The coming decade will likely be a defining one for the global energy system. 4 key themes  Special features McKinsey Themes Browse our essential reading on the topics that matter. Get up to speed McKinsey Explainers Find direct answers to complex questions, backed by McKinsey’s expert insights. Learn more McKinsey on Books Explore this month’s best-selling business books prepared exclusively for McKinsey Publishing by Circana. See the lists McKinsey Chart of the Day See our daily chart that helps explain a changing world—as we strive for sustainable, inclusive growth. Dive in McKinsey Classics Disruptive times call for transformational leaders with a knack for addressing complex problems. Read our 2018 classic “Leading with inner agility” to learn more. Rewind Only McKinsey Delivering actionable insights on the day’s news, as only McKinsey can. Subscribe now — Edited by Eleni Kostopoulos, managing editor, New York Follow our thinking McKinsey Insights - Get our latest thinking on your iPhone, iPad or Android. Share these insights Did you enjoy this newsletter? Forward it to colleagues and friends so they can subscribe too. Was this issue forwarded to you? Sign up for it and sample our 40+ other free email subscriptions here. This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this email because you are a registered member of our Monthly Highlights newsletter. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "McKinsey Highlights" <publishing@email.mckinsey.com> - 11:51 - 2 Mar 2024

• EP101: Top 3 Things You Should Know About Webhooks

  EP101: Top 3 Things You Should Know About Webhooks

  

  This week’s system design refresher: Top 3 Things You Should Know About Webhooks (Youtube video) Cloud Load Balancer Cheat Sheet How do we manage sensitive data in a system? What does ACID mean? SPONSOR US Learn Streaming Data Fundamentals at Your Pace (Sponsored)

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  	Forwarded this email? Subscribe here for more EP101: Top 3 Things You Should Know About Webhooks ByteByteGo Mar 2   READ IN APP   This week’s system design refresher: Top 3 Things You Should Know About Webhooks (Youtube video) Cloud Load Balancer Cheat Sheet How do we manage sensitive data in a system? What does ACID mean? SPONSOR US Learn Streaming Data Fundamentals at Your Pace (Sponsored) There’s a great new way to learn the basics of streaming data — enroll in Redpanda University for free, online, self-paced training. Courses include as many as 8 lessons and end with a brief quiz. Start with the Streaming Data Fundamentals course to get a solid foundation of streaming data knowledge. More advanced courses such as cluster management are available, too! Get Started Top 3 Things You Should Know About Webhooks! Cloud Load Balancer Cheat Sheet Efficient load balancing is vital for optimizing the performance and availability of your applications in the cloud. However, managing load balancers can be overwhelming, given the various types and configuration options available. In today's multi-cloud landscape, mastering load balancing is essential to ensure seamless user experiences and maximize resource utilization, especially when orchestrating applications across multiple cloud providers. Having the right knowledge is key to overcoming these challenges and achieving consistent, reliable application delivery. In selecting the appropriate load balancer type, it's essential to consider factors such as application traffic patterns, scalability requirements, and security considerations. By carefully evaluating your specific use case, you can make informed decisions that enhance your cloud infrastructure's efficiency and reliability. This Cloud Load Balancer cheat sheet would help you in simplifying the decision-making process and helping you implement the most effective load balancing strategy for your cloud-based applications. Over to you: What factors do you believe are most crucial in choosing the right load balancer type for your applications? Latest articles If you’re not a paid subscriber, here’s what you missed this month. How Video Recommendations Work - Part 1 How to Design a Good API? How do We Design for High Availability? Good Code vs. Bad Code Mastering Design Principles - SOLID To receive all the full articles and support ByteByteGo, consider subscribing: Upgrade to paid How do we manage sensitive data in a system? The cheat sheet below shows a list of guidelines. What is Sensitive Data? Personal Identifiable Information (PII), health information, intellectual property, financial information, education and legal records are all sensitive data. Most countries have laws and regulations that require the protection of sensitive data. For example, the General Data Protection Regulation (GDPR) in the European Union sets stringent rules for data protection and privacy. Non-compliance with such regulations can result in hefty fines, legal actions, and sanctions against the violating entity. When we design systems, we need to design for data protection. Encryption & Key Management The data transmission needs to be encrypted using SSL. Passwords shouldn’t be stored in plain text. For key storage, we design different roles including password applicant, password manager and auditor, all holding one piece of the key. We will need all three keys to open a lock. Data Desensitization Data desensitization, also known as data anonymization or data sanitization, refers to the process of removing or modifying personal information from a dataset so that individuals cannot be readily identified. This practice is crucial in protecting individuals' privacy and ensuring compliance with data protection laws and regulations. Data desensitization is often used when sharing data externally, such as for research or statistical analysis, or even internally within an organization, to limit access to sensitive information. Algorithms like GCM store cipher data and keys separately so that hackers are not able to decipher the user data. Minimal Data Permissions To protect sensitive data, we should grant minimal permissions to the users. Often we design Role-Based Access Control (RBAC) to restrict access to authorized users based on their roles within an organization. It is a widely used access control mechanism that simplifies the management of user permissions, ensuring that users have access to only the information and resources necessary for their roles. Data Lifecycle Management When we develop data products like reports or data feeds, we need to design a process to maintain data quality. Data developers should be granted with necessary permissions during development. After the data is online, they should be revoked from the data access. What does ACID mean? The diagram below explains what ACID means in the context of a database transaction. Atomicity The writes in a transaction are executed all at once and cannot be broken into smaller parts. If there are faults when executing the transaction, the writes in the transaction are rolled back. So atomicity means “all or nothing”. Consistency Unlike “consistency” in CAP theorem, which means every read receives the most recent write or an error, here consistency means preserving database invariants. Any data written by a transaction must be valid according to all defined rules and maintain the database in a good state. Isolation When there are concurrent writes from two different transactions, the two transactions are isolated from each other. The most strict isolation is “serializability”, where each transaction acts like it is the only transaction running in the database. However, this is hard to implement in reality, so we often adopt loser isolation level. Durability Data is persisted after a transaction is committed even in a system failure. In a distributed system, this means the data is replicated to some other nodes. SPONSOR US Get your product in front of more than 500,000 tech professionals. Our newsletter puts your products and services directly in front of an audience that matters - hundreds of thousands of engineering leaders and senior engineers - who have influence over significant tech decisions and big purchases. Space Fills Up Fast - Reserve Today Ad spots typically sell out about 4 weeks in advance. To ensure your ad reaches this influential audience, reserve your space now by emailing hi@bytebytego.com   Like Comment Restack   © 2024 ByteByteGo 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

  

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  by "ByteByteGo" <bytebytego@substack.com> - 11:36 - 2 Mar 2024

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  by "Ashu" <Ashu.kumar012@outlook.com> - 06:49 - 1 Mar 2024

• The best workplace rituals can help people find meaning

  On Point

  Moving beyond “me” to “we” ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Rediscovering office rituals In the news • Emotional catalysts. Life is full of rituals. They can energize and motivate people, enhancing their lives, according to a Harvard Business School professor. Yet for many employees, the COVID-19 pandemic took away the ubiquity of workplace rituals such as morning meetings or coffee with a work friend, the Financial Times notes. To cope, some remote workers have re-created rituals, such as replacing the commute with walking around their neighborhoods. In the hybrid work world, people working from home can use rituals to provide structure (and meaning). [FT] • The power of a nap. One particularly relaxing—and beloved—ritual is the afternoon nap (yes, even in some office settings). But are naps actually good for you? Researchers have found that the brains of people who nap several times a week are larger than those of people who never nap, according to the BBC. Aging brains shrink, and smaller brains are tied to various negative health effects. Still, it’s best to get excellent nighttime sleep rather than try to compensate for a poor night’s sleep with a nap, a professor of sleep medicine explains. For the perfect power nap, sleep in the midafternoon for up to 20 minutes. [BBC] “Rituals that work tend to have two aspects. One is community building. The second is usually a physical aspect: being together, raising a glass, making a toast.” On McKinsey.com • A lost art? Workplace rituals can bring colleagues together, helping people move beyond “me” to “we,” McKinsey partner Bryan Hancock and senior partner emeritus Bill Schaninger share in an episode of the McKinsey Talks Talent podcast. The pandemic paused many such rituals, to the extent that the youngest cohort in the workforce might not be familiar with them. Rituals can be milestones to celebrate important events, such as making partner or clinching a deal, but they are not limited to major accomplishments. During a routine meeting, colleagues can share cool projects they have worked on that week, helping everyone (particularly younger colleagues) get a feel for the breadth of their work. • Meaningful and inclusive. It’s important to avoid events that the top brass might call “rituals” but that some employees find to be “forced fun,” Hancock shares. One way to make sure rituals are truly meaningful is to bring in elements of mindfulness and gratitude—for instance, through volunteering together, employees do a good deed while building bonds. Being inclusive is important, too. Not everyone drinks, so a happy hour that includes both alcohol and mocktails can be a great option. Explore the benefits successful workplace rituals can bring. Get the scoop on meaningful rituals — Edited by Jana Zabkova, senior editor, New York Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:42 - 1 Mar 2024

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  by "Sunny Thakur" <sunny.thakur@uffizio.com> - 07:00 - 29 Feb 2024

• How Video Recommendations Work - Part 1

  How Video Recommendations Work - Part 1

  

  The digital landscape has seen dramatic changes in how information is retrieved, moving from simple web portals to complex recommendation systems. This shift has been driven by the rapid increase of online content and the growing demand for personalized, relevant experiences. Let’s dive into the four pivotal stages for this evolution.

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  	Forwarded this email? Subscribe here for more Latest articles If you’re not a subscriber, here’s what you missed this month. 7 Microservices Interview Questions Why the Internet Is Both Robust and Fragile Unlock Highly Relevant Search with AI Does Serverless Have Servers A Crash Course in Docker To receive all the full articles and support ByteByteGo, consider subscribing: Upgrade to paid How Video Recommendations Work - Part 1 ByteByteGo Feb 29 ∙ Preview   READ IN APP   The digital landscape has seen dramatic changes in how information is retrieved, moving from simple web portals to complex recommendation systems. This shift has been driven by the rapid increase of online content and the growing demand for personalized, relevant experiences. Let’s dive into the four pivotal stages for this evolution. In the mid-1990s, search engines like Yahoo! were rudimentary, focusing on text-based searches with basic algorithms for indexing web pages. The search results were ranked based on keyword matches without considering the user’s context or personal preferences. This phase was about cataloging the burgeoning web content as the internet started its exponential growth. Enter Google with its PageRank algorithm, revolutionizing search by evaluating not just keyword relevance but also the quality and quantity of page links. This significantly improved the relevance and quality of search results, marking a leap forward in information retrieval.  As the internet grew, search engines started to incorporate more nuanced data, including users’ search histories, locations, and devices, to refine search results. This period also introduced diverse content types – images, videos, and news – directly into search results, making the experience more personal and comprehensive. However, this increased personalization also sparked privacy and data protection concerns. Today, we’re in an era dominated by AI and machine learning, powering recommendation systems that suggest content not based on explicit queries but on users’ past behaviors, preferences, and interactions. Giants like YouTube, Netflix, and Amazon rely on these systems to enhance engagement and drive sales. Recommendation systems represent a significant shift from user-initiated information retrieval to active content curation. In the past, there wasn’t so much content online, and users could easily discover content through keyword-based searches. Now, with the internet’s vast expanses of data, platforms compete for users’ attention, and recommendation systems play a crucial role in filtering and presenting personalized content. It’s often quipped that these systems know us better than we know ourselves. In this issue, we’ll explore the inner workings of recommendation systems and their pivotal role in driving a company’s revenue. Stay tuned as we uncover the secrets behind how YouTube and other platforms tailor content to captivate and engage their audiences.  1 Why Do We Need Recommendation Systems? Recommendation systems are everywhere these days. Whether shopping on Amazon, binge-watching on YouTube or scrolling through TikTok, these systems curate content specifically for us, potentially leading to hours of engagement. But why are these systems so crucial, especially for platforms like YouTube?  At the heart of platforms like YouTube is a dynamic ecosystem involving content creators, viewers, and advertisers. Content creators produce videos, viewers consume this content, and advertisers aim to capture viewers’ attention. Recommendation systems play a pivotal role in enhancing this ecosystem, attracting more creators, viewers, and advertisers.  The diagram below shows the effects of a recommendation system on the YouTube platform. Without recommendation systems, viewers would have to sift through content to find what interests them, while advertisers manually searched for their ideal audience. This made discovery cumbersome and less effective, with many views and advertisers missing out on potentially perfect matches. Smart recommendation systems transform the experience by leveraging algorithms that analyze various data points – view history, user profiles, trending topics, and recommendations from friends – to personalize content for viewers. This tailored approach means viewers are more likely to engage deeply with content, encouraging creators to produce more and advertisers to invest more, thanks to better targeting and higher conversion rates. Consider an e-commerce giant like Amazon, where recommendation systems personalize product suggestions. Even a 1% improvement in their recommendation accuracy can translate into tens of millions in sales revenue daily. This massive impact underscores why major companies continually invest in enhancing their recommendation algorithms and models. The investment in recommendation systems isn't just about boosting sales or viewer numbers; it's about enriching user experiences and fostering user retention. These systems are designed to understand and anticipate user preferences which create a more engaging and personalized online experience. 2 How Does a Recommendation System Select For Us? Now that we understand the role of a recommendation system in enhancing a business’s ecosystem, let’s dive deeper into how these systems curate content for us. At the heart of a recommendation system is a deep-learning model designed to predict user preferences for specific videos. This involves scoring and ranking videos, integrating advertisements, and generating the final set of recommendations. Unlike simpler models, a deep learning-based system can more accurately mimic the complex process of human decision-making for content selection. To train the model to predict user preferences accurately, it’s essential to analyze data from three key sources: Videos: Considering the vast size of video data, the model leverages various attributes such as video descriptions, tags, actual content, and viewer impressions to derive video features. Users: Understanding user preferences is crucial. This is achieved by analyzing static data, like user profiles, and dynamic data, including interaction patterns like clicks and social network interactions. Context: Contextual factors, such as location and time, deeply impact content preferences. The model considers these elements to fine-tune its suggestions. Keep reading with a 7-day free trial Subscribe to ByteByteGo Newsletter to keep reading this post and get 7 days of free access to the full post archives. Start trial A subscription gets you: An extra deep dive on Thursdays Full archive Many expense it with team's learning budget   Like Comment Restack   © 2024 ByteByteGo 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

  

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  by "ByteByteGo" <bytebytego@substack.com> - 11:41 - 29 Feb 2024

• ✨LEAP 2024: 2 hours until the event starts!

  ✨LEAP 2024: 2 hours until the event starts!

  There's still time to sign up for an immersive experience in API observability! 

  Hi Md Abul,   JUST 2 HOURS TO GO! Today's the day to seize the moment and join us at LEAP 2024: The API observability conference - a virtual event set to transform your skills from basic to expert in just one day.    There's still time to register for free here: Sign me up Here's what's in store:   🌟 Connect with industry leaders and experts from Miro, Dynatrace, ServiceNow, Dash0, Checkly, Tracetest, and more.   🌟 20+ speakers delivering insightful sessions to support attendees in transforming their API observability skills from basic to extraordinary.   🌟 Designed for API platform teams like yours, focusing on revolutionising your approach to platform team operations and API observability strategies.   🌟 Two tracks tailored for both decision-makers and implementers, ensuring you get the insights you need to excel in your role.   🌟 By joining us at LEAP 2024, you'll be one of the first to earn the API observability fundamentals certification. The important bits: Thurs 29 Feb Time 9am - 4pm ET 2pm - 9pm GMT Virtual Zoom event This is THE day to elevate your API observability skills from basic to expert level!   See you at LEAP 2024! Budha and team Tyk, 87a Worship Street, London, City of London EC2A 2BE, United Kingdom, +44 (0)20 3409 1911 Unsubscribe Manage preferences

  

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  by "Budhaditya Bhattacharya" <communities@tyk.io> - 07:12 - 29 Feb 2024

• Slice of Success: How Domino’s UK and Ireland increased SLO compliance, and customer satisfaction

  New Relic

  February 2024 Domino's UK and Ireland runs on New Relic to deliver pizzas quicker Domino’s senior engineering manager discusses how Domino's runs vital observability and monitoring competencies across its SRE function with New Relic, including monitoring golden signals and tracking its most important customer journeys. Learn more Live archives is GA now! Get long-term log storage, queryable instantly, for 1/4th the cost of other solutions Live archives helps you easily meet regulatory compliance requirements using a unique storage capability that stores log data for up to seven years in an active, hydrated, and enriched state, so that you can analyze historical logs faster and easier. Read the blog Useful reads How Vulnerability Management helps Dustin move from DevOps to DevSecOps Discover how Dustin leverages New Relic for a seamless DevSecOps transition post-merger, optimizing tech stacks and enhancing security. Dive into their success story! Learn more Upcoming Events Kubecon 19-22th March, Paris Don't miss our exciting presence at KubeCon/ CloudNativeCon in Paris! Engage with us for a chance to win a Meta Quest 3 and grab some seriously cool swag. Join New Relic at booth F29. Mark your calendars for Observability Day on March 19th, where we'll dive deep into the superpower of observability. Get your Pass EMEA - New Relic user meetups are back! Join New Relic and other local users at our upcoming meetups in Dubai, Stockholm, Munich, Madrid, Dublin, London, Manchester, Berlin & Warsaw for food, drinks, swag & more! Discover what’s new in observability and learn best practices in log data - parsing and obfuscation, converting events-to-metrics, and managing SLOs & SLIs. Bring your a-game to compete in our version of Flappy Birds with prizes aplenty! Register now to secure your spot New Relic End-of-Life Updates PHP Frameworks, Libraries, and Language Versions (March 1, 2024) The PHP community have deprecated the following frameworks and libraries: CakePHP 2.x: End of lifed by CakePHP in June 2021 CodeIgniter 2.x: End of lifed by CodeIgnitred in 2015 Drupal 6.0: End of lifed by Drupal in 2016 Guzzle library versions 3 and 4: End of lifed by Guzzle in 2015 and 2018 respectively Magento 1.x: End of lifed by Magento in December 2020 PHPUnit library versions 3, 4, 5, 6, 7 Symfony 3.x: End of lifed by Symfony in November 2021 Yii 1.0: End of lifed by Yii in 2010 Zend framework 1.x, 2.x: End of lifed by Zend in 2016 and 2018 respectively We are ending support for PHP versions 7.0 and 7.1, which the PHP community deprecated three years ago. As a result, we can no longer provide support if you use these versions. We recommend you update any EOL’d versions to supported versions. We strongly recommend customers update to PHP version 8.2. Please see here for more information. Platform Support for Legacy UI Experiences (March 1, 2024) Some pages in one.newrelic.com use legacy design and code. We are officially migrating these pages to match the rest of the UI. No action is needed from you. The experiences still using legacy code will be automatically updated and replaced. Please see here for more information. Need help? Let's get in touch. Ask Community Ask Support Contact Sales This email is sent from an account used for sending messages only. Please do not reply to this email to contact us—we will not get your response. View in browser This email was sent to info@learn.odoo.com  Update your email preferences. For information about our privacy practices, see our Privacy Policy. Need to contact New Relic? You can chat or call us at +44 20 3859 9190. Strand Bridge House, 138-142 Strand, London WC2R 1HH © 2024 New Relic, Inc. All rights reserved. New Relic logo are trademarks of New Relic, Inc Global unsubscribe page.

  

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  by "New Relic" <emeamaketing@newrelic.com> - 06:06 - 29 Feb 2024

• What would it take for Black US residents to achieve racial parity?

  On Point

  See the surprising data ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Improving Black residents’ lives In the news • Dwindling community legacies. Settlements founded by previously enslaved people, generally in the late 19th to early 20th centuries, are considered historic Black communities. Once numbering over 1,200 in the US, these communities have dwindled to fewer than 30. Their challenges to remaining vibrant have ranged from historical destruction of homes and businesses by White supremacists to recent causes such as uneven tax rates, home devaluations, and gentrification. [AP] • Black and ‘kinless.’ Almost one million Americans are kinless—no spouse, siblings, or children—and Black women not only have the highest rates of kinlessness but also have lower levels of wealth than other US groups, according to a 2017 study. To boot, US policies for singles are economically detrimental, experts say. Married people have more social-safety-net benefits and protections than single people do, which one psychologist considers “fundamentally unjust.” However, Black Americans are more likely to have support from extended family members, according to a study. [Fortune] For Black Americans to reach parity with their White neighbors, based on the rate of change between 2012 and 2021, it could take more than three centuries. On McKinsey.com • Racial-parity improvement? Despite some progress toward racial parity for Black Americans, large disparities with their White counterparts persist. “There is nowhere in the US where outcomes for Black residents equal those of their White neighbors,” McKinsey senior partner Shelley Stewart and coauthors share. Across seven community profiles, they analyzed residents’ aspirations, including basic standard of living, financial stability, and stable and secure homes. The report reveals that the greatest overall outcomes and Black residential parity exist within the nation’s suburbs and exurbs; however, less than 12% of Black Americans live in these areas. • Solutions are needed. About 15% of Black Americans reside in rural communities, which rank close to the bottom of the report’s outcome scores—with 28 to 32% poverty and food insecurity rates and lower life expectancies (74 to 75 years). Among all Black Americans, more than 30% live in 12 megacities with higher incomes, strong job markets, and growing industries; however, those areas also have a high cost of living and greater inequality. See the report, The state of Black residents: The relevance of place to racial equity and outcomes, for revealing data on what it will take to improve the overall well-being of Black residents and ultimately achieve racial equity. Bridge the parity divide — Edited by Vanessa Burke, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:28 - 29 Feb 2024

• 👀 This month at Remote: Explore if async work is the future. Check out HRIS updates and don't miss our live events and webinars.

  👀 This month at Remote: Explore if async work is the future. Check out HRIS updates and don't miss our live events and webinars.

  Your monthly global update is here from Remote. Dive in to see the latest.

  February 2024 Featured news Celebrating and exploring asynchronous work This month, we're celebrating asynchronous work at Remote. Our entire team, which now consists of over 1,400 members, operates without offices or a centralized timezone. Over the last 5 years we've learned quite a bit about effective asynchronous work on a large scale. In fact, our CEO Job has just launched a free masterclass on the subject!  Check it out "Async Power Hour" Webinar We're also hosting our first ever "Async Power Hour" webinar. This event will provide insights into how Remote manages a global team within an asynchronous work culture. We're not just throwing around buzzwords; we're sharing real insights and practical advice on building an asynchronous culture and hiring the right team. Our CEO and managers will discuss the day-to-day operations of an asynchronous team and explain why it’s a game changer for success. Don't miss out Read: Why should you be working asynchronously? Read this blog post from our President and Co-Founder Marcelo Lebre as he explores the transformative power of asynchronous work, highlighting its efficiency for global teams and boosting productivity without the constraints of synchronized schedules. Keep reading New feature announcement What’s new with Remote global HR? Since launching Remote’s HRIS last September, we’ve made some BIG improvements — and we’re just getting started! See what's new Events We have a bunch of in-person events that you can catch the Remote team at around the world. If you have some burning questions that you'd love to ask in real life, or wanna just come say hi, our team would love to see you! SXSW: 8-16 March, 2024 Remote is coming to #SXSW 2024! 📍 Austin, USA Find us In the Creative Industries Expo at booth number 413. Transform: 11-13 March, 2024 📍Las Vegas, USA Transform is coming! And Remote is sponsoring! So if you’re in Las Vegas don’t miss the chance to stop by booth 117. National HR Summit: 20-21 March, 2024 📍Sydney, Australia Join us at the workshop Stage workshop on addressing Australia's labor and talent shortages led by Eli Chuah, Remote's Solutions Consultant. She will delve into innovative strategies and practical solutions. Featured webinar Are you a UK-based startup hiring talent outside the country? March 5th, 9am - 10am TUC Join us for an insightful webinar: Learn the “how” and “why” of building your international team from Remote’s Chief People Officer Barbara Matthews and SeedLegals Founder Anthony Rose. Register for free Feeling buried in irrelevant job applications? 95% of surveyed employers do too! Remote Talent's ad-free platform connects you with the right talent, cutting through the noise of traditional job boards. Explore Remote Talent You received this email because you are subscribed to News & Offers from Remote Europe Holding B.V Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails Remote Europe Holding B.V Kraijenhoffstraat 137A 1018RG Amsterdam The Netherlands Copyright © 2024 Remote Europe Holding B.V All rights reserved.

  

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  by "Remote" <hello@remote-comms.com> - 11:47 - 28 Feb 2024

• 🔭 Why is everyone talking about observability? 

  🔭 Why is everyone talking about observability? 

  Unravel the mysteries of observability and find out why it's the hottest topic in tech!

  A curated selection of updates, insights, and events straight from the heart of Tyk! Got your ears perked for the latest tech talk? Well, you're in for a treat because we're diving headfirst into the world of observability – and trust us, it's more than just a buzzword.   In short, well-implemented API observability can deliver: Faster issue responses: Swiftly address API issues with monitoring Quick value delivery: Expedite value delivery through troubleshooting Enhanced quality: Improve user experiences with higher-quality APIs Deeper understanding: Gain insights to optimise API ecosystems. Embracing observability isn't just about keeping pace - it's about driving tangible business value by supercharging operations, boosting performance, and staying ahead of the competition.   And hey, speaking of staying ahead, have you heard about LEAP 2024? It's our API observability conference happening TOMORROW (Feb 29). Keep scrolling to sign up, and explore all the other (mostly) observability resources we have on offer.    P.S. Want to hear more from Tyk? Subscribe to our newsletter here. Tyk in the limelight LEAP 2024: The API observability conference Are you ready to transform your API observability skills? This one-day event promises to revolutionise the way you approach platform team operations and observability strategies. Oh, and we should add that by attending LEAP, you'll unlock exclusive access to the API observability fundamentals certification. Sign up here. We're going to KubeCon!  Get in the car (or train, or plane), we're going to Kubecon! Join us at booth L14 see how our solutions can elevate your platform maturity. And, make sure you join our session: Exploring OAuth2 Token Exchange for microservice API security - Wednesday, 20th March - 11:15 - 11:50. À bientôt!    The resource hub New blogs on the block Everyone's talking about observability Observability is a hot topic right now – and it’s about to get even hotter. Future Market Insights predicts the observability platform market will more than double in size by 2032, growing from a value of US$2,173.7 million in 2022 to US$5,553.2 million a decade later. So, why is everyone so excited?   The business value of observability  Observability, especially distributed tracing, transforms API monitoring and troubleshooting. Beyond that, it offers valuable insights for maintaining control, security, and compliance in an organisation's API ecosystem. Here, we delve into the business benefits of observability for API teams. Read more.   How to improve API observability  Getting API observability right underpins API-led growth. It can identify opportunities for revenue, support better decision-making and reduce operational overheads by creating more efficient working practices, particularly when it comes to open standards. Find out more.    Tyk events  LEAP 2024: The API observability conference   Exploring OAuth2 Token Exchange for microservice API security   KubeCon + CloudNative Con Europe 2024   Want to be the first to hear about our events? Sign up here to stay in the loop.   We also have a PLETHORA of webinars on all sorts of API-related topics you can crack into and watch on-demand here.   Go on, you know you want to check them out!   Why did the developer bring a telescope to the API party? Because they wanted to ensure top-notch API observability and keep a close eye on those endpoints!   Disclaimer: The author assumes no responsibility for the quality of this joke. This specific content is provided with no guarantees of laughter, entertainment, or any ounce of usefulness.    Tyk, 87a Worship Street, London, City of London EC2A 2BE, United Kingdom, +44 (0)20 3409 1911 Unsubscribe Manage preferences

  

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  by "Budhaditya Bhattacharya" <communities@tyk.io> - 01:04 - 28 Feb 2024

• How are higher costs affecting US consumers?

  On Point

  5 strategies for consumer brands ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Cost-conscious US consumers In the news • Maintaining higher prices. US shoppers are getting somewhat of a break from rising prices as the costs of commodities decline, the Wall Street Journal states. Still, many executives—including leaders of US food, retail, and toy brands—suggest that their companies will stay the course on prices while they continue to pay more for labor, transportation, and other overhead costs. In January, core consumer prices increased 3.9% compared with the previous year, a recent government report found. [WSJ] • US retail sales slip. US retail sales dipped 0.8% in January as consumers reined in spending after the holidays, Bloomberg reports. Although consumers are expected to curb spending in 2024, the continued strength of the labor market should support a gradual decline, and not a significant breakdown in spending, analysts said. Nine of 13 categories reported declining sales, with building materials stores and auto dealers experiencing the biggest drops, official data showed. [Bloomberg] Increased prices were the number-one reason consumers reported purchasing fewer items in grocery, personal care, and household products. On McKinsey.com • Choosier consumers. US consumers are becoming choosier despite a relatively strong economy and low unemployment, McKinsey senior partner Warren Teichner and coauthors reveal. Although Americans are shopping as frequently—if not more often—as they were a year ago, they are buying fewer items on each trip. Between 2022 and 2023, units per trip declined by 3 to 5% across the grocery, health and beauty, and household categories. • Bargain hunting. When asked why their shopping behaviors changed, one thing was clear: prices weighed on US consumers’ decision making. Consumers cited product price hikes and their ability to afford something as the key reasons behind purchasing fewer items across categories. Consumers said they also reduced the number of items they purchased because they were waiting for them to go on sale. Explore five actions consumer-packaged-goods leaders can take to hedge against declines in volume. Get 5 consumer company strategies — Edited by Belinda Yu, editor, Atlanta Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:53 - 28 Feb 2024

• Temperature Monitoring Software - Keep Temperature Sensitive Goods at the Right Temperature.

  Temperature Monitoring Software - Keep Temperature Sensitive Goods at the Right Temperature.

  Ensure that the products are always stored and transported at the right temperature.

  Download E-book The Unmatched Advantages of Using Temperature Monitoring Schedule a Meeting www.uffizio.com info@uffizio.com +91-7283858080 Uffizio Technologies Pvt. Ltd., 4th Floor, Metropolis, Opp. S.T Workshop, Valsad, Gujarat, 396001, India Unsubscribe Manage preferences

  

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  by "Sunny Thakur" <sunny.thakur@uffizio.com> - 07:00 - 27 Feb 2024

• Banks can face risks and opportunities head-on

  On Point

  How banks can reinvent themselves ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

  DELIVERING ACTIONABLE INSIGHTS ON THE DAY’S NEWS As only McKinsey can Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities Banking’s changing landscape In the news • Old fraud, new tricks. Scammers pretending to be customers are nothing new in banking, but as technology—including deepfakes and voice cloning—becomes more commonplace and easier to use, experts say banks will need to do more to prevent fraud, the Financial Times notes. Deepfake videos are already being used as clickbait to send consumers to malicious websites, where scammers can grab their card payment details, researchers say. [FT] • Monitoring AI risk. US financial regulators have flagged risks posed by AI as a concern, warning that both companies and watchdogs need to be vigilant, reports Reuters. The regulators have pointed to external data sets and third parties when it comes to judging potential risks, since gen AI increasingly uses them. Financial leaders should “deepen expertise and capacity to monitor AI innovation and usage,” the authorities said. [Reuters] “By exploiting new technology, banks can boost productivity within six to 12 weeks, a massive change from what we have seen in the past.” On McKinsey.com • App happy. Despite challenges, the past 18 months have been the best period for global banking since at least 2007. But this is no time for complacency, McKinsey senior partner Alex Edlich and partner Reinhard Höll share on a recent episode of The McKinsey Podcast. To build on this momentum, they say, banks can meet customers where they are, which is often on third-party apps. Up to 30% of distribution in retail banking could end up taking place via third parties, such as online comparison platforms and embedded finance, McKinsey estimates. • Competing on technology. When it comes to making changes in technology, banks need to make sure the entire organization is on board, Höll advises. After implementing generative AI, the top 25% of banks experienced a large increase in coders’ productivity, while the bottom 25% of banks “saw an initial decrease because they didn’t take the people along,” Höll says. Learn three things tech-savvy banking leaders are doing to embrace technology, and for more, read the full report, Global Banking Annual Review 2023: The Great Banking Transition. Explore banking’s biggest shifts — Edited by Jana Zabkova, senior editor, New York Was this forwarded to you? Sign up here. Or send us feedback—we’d love to hear from you. Follow our thinking This email contains information about McKinsey's research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. You received this newsletter because you subscribed to the Only McKinsey newsletter, formerly called On Point. Manage subscriptions | Unsubscribe Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007

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  by "Only McKinsey" <publishing@email.mckinsey.com> - 01:28 - 27 Feb 2024