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🚀 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.
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.
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The rising tide of M&A: A leader’s guide
Let’s make a deal
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 Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
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.
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🚀 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,
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ASYNC Power Hour: Asynchronous work in action and its impact on global teams
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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.
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The week in charts
The Week in Charts
Pickleball’s popularity, natural gas imports, and more Share these insights
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How CEOs assess their performance
Plus, harnessing the power of gen AI in energy 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:
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 powerOrganizational 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 resultsThe 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 trajectoryTop 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 aheadWhat 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 energizedSpark & 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.
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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)͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreThis 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?
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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
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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.
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The best workplace rituals can help people find meaning
On Point
Moving beyond “me” to “we” Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
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.
— Edited by Jana Zabkova, senior editor, New York
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Advanced Driver Assistance System - Drive your Fleets Smarter, and Safer
Advanced Driver Assistance System - Drive your Fleets Smarter, and Safer
Your Gateway to Safer Roads and Higher Profits System (ADAS)Impact of nor having and having an ADAS on your Fleet Safety
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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.͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Forwarded this email? Subscribe here for moreLatest articles
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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.
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✨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.
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Slice of Success: How Domino’s UK and Ireland increased SLO compliance, and customer satisfaction
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February 2024Domino'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.
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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 Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
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.
— Edited by Vanessa Burke, editor, Atlanta
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Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
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 2024Featured 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!
"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.
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.
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!
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!
Remote is coming to #SXSW 2024!
📍 Austin, USA
Find us In the Creative Industries Expo at booth number 413.📍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.
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.
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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!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
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
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 Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
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.
— Edited by Belinda Yu, editor, Atlanta
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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.The Unmatched Advantages of Using
Temperature MonitoringUffizio Technologies Pvt. Ltd., 4th Floor, Metropolis, Opp. S.T Workshop, Valsad, Gujarat, 396001, India
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 Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
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.
— Edited by Jana Zabkova, senior editor, New York
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.
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Copyright © 2024 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
by "Only McKinsey" <publishing@email.mckinsey.com> - 01:28 - 27 Feb 2024 -
48 hours to go! Enter the Remote Excellence Awards 2024 today 🏆
48 hours to go! Enter the Remote Excellence Awards 2024 today 🏆
You’ve got to be in it, to win it!We’ve been going through a flurry of entries for the Remote Excellence Awards 2024… it’s not too late for yours to be one of them!
Whether you’re pioneering in DE&I, mastering global compensation, or crafting cutting-edge talent strategies, there’s a category tailored for your expertise.
Did we mention the Awards are free to enter? Don’t be shy; this is your moment to shine ⭐ Just make sure you hit ‘send’ on your entry before the deadline this Friday March 1, 2024 at 11:59PM UTC.
We’re looking forward to your entry!
Team Remote.
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by "Remote" <hello@remote-comms.com> - 12:31 - 27 Feb 2024