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by "McKinsey & Company" <publishing@email.mckinsey.com> - 11:30 - 25 Nov 2023 -
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by "ByteByteGo" <bytebytego@substack.com> - 11:37 - 24 Nov 2023 -
Food for thought on Thanksgiving Day
What are you grateful for? Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
New from McKinsey & Company
As you take stock of all you’re grateful for this year, also recognize the work that must be done to secure a sustainable, inclusive, and growing future, for all. “The actions taken (or not) in this decade will determine what kind of world the next generation will inherit,” write McKinsey’s Anu Madgavkar, Sven Smit, Mekala Krishnan, Jonathan Woetzel, Kweilin Ellingrud, and Tracy Francis in a recent report from the McKinsey Global Institute. Check out these insights on how the world can make progress toward empowerment, net zero, inclusive growth, and food security.
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 10:41 - 23 Nov 2023 -
28 real API experiences, as revealed by brands
28 real API experiences, as revealed by brands
Unlock the secrets of API triumph with exclusive insights from 'Tales from API-Topia.' Your blueprint to API success is just a click away.Tales from API-Topia: 28 ways brands are building world leading API experiences
Introducing Tales from API-Topia, an ebook filled with 28 stories of how brands across the globe are building world-leading API experiences.
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by "Tyk" <communities@tyk.io> - 10:02 - 23 Nov 2023 -
Webinar on GenAI best practices using nimble models
Webinar on GenAI best practices using nimble models
Learn the path from a nimble to fully adapted model for GenAISmall and Nimble – the Fast Path to Enterprise GenAI
Thursday December 7, 2023, 10:00 – 11:00 am PST
Register for webinar today Accelerate Generative AI with Small and Nimble Models
The fast path to integrate the power of generative AI for your business is not necessarily general purpose, third-party giant models! Smaller LLM models, like those less than 20B parameters, can be a good or better match for your needs. Recent commercially available compact models, such as Llama 2, can address the key attributes that you need–performance, domain adaptation, private data integration, verifiability of results, security, flexibility, accuracy, and cost effectiveness. Join us as we evaluate the effectiveness of open source LLM models, discuss pros and cons, and share methods to build nimble models.
What you’ll learn about nimble models:
- Advantages and challenges
- The ecosystem-driven technology advancement of small, open models
- Performance compared with top-tier giant models
- Methods to build one and ways to assess its benefits and value
- The full path from a nimble model to a fully adapted model in business
Thursday, December 7, 2023, 10:00am – 11:00am PST
Register Gadi Singer
Vice President and Director of Emergent AI Research at Intel Labs, leading the development of third-wave AI capabilities
Moshe Berchansky
NLP Deep Learning Researcher at Intel Labs, specializing in Retrieval-Augmented Generation techniques
Sancha Huang Norris (moderator)
Generative AI Marketing Lead at Intel's Data Center and AI Business Unit
Our Generative AI series is just getting started. Stay tuned for more details on our 2024 webinar calendar.
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by "Intel Corporation" <intel@plan.intel.com> - 05:39 - 22 Nov 2023 -
What are holiday shoppers prioritizing in 2023?
On Point
Our latest Consumer Pulse Survey Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
Early bird shoppers. With major US retailers launching splashy sales promotions in early October, the season for holiday shopping has gotten off to an early start. Consumers are seeking to stretch their gift-giving budgets over a few months as they contend with elevated prices and historic levels of credit card debt. By October and November, roughly 6 in 10 marketers expect to burn through the majority of their holiday-related ad budgets, according to a report published in September. [WaPo]
•
Longer shopping season. After a year of modest sales growth, retailers face a critical holiday sales season. This year’s holiday shopping season started earlier and will last longer than it did in 2022, McKinsey senior partner Kelsey Robinson and coauthors share. While most consumers started their holiday shopping in October or earlier, 40% of consumers this year say that they intend to start holiday shopping in November, compared with 35% in 2022, according to our survey of more than 1,000 US consumers.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:06 - 22 Nov 2023 -
Join me on Thursday to elevate your dashboard skills to visualise system and business performance
Hi MD,
Liam, Manager of Customer Training at New Relic University, here.
Are you looking to improve your dashboard skills, or use techniques that enable you to visualize patterns, correlate important metrics and make data driven decisions?
If so you can register to attend this free online workshop I'll be hosting on Thursday 23th November at 10 am GMT/11 am CET, “Dashboard techniques to visualize system and business performance”. Register for this workshop to learn about dashboard design strategies, accessing best-in-class templates, get hands-on creating powerful charts, writing NRQL queries for visualizing trends, and correlating different data sets.
You can find the full agenda on the registration page here. While we recommend attending the hands-on workshop live, you can also register to receive the recording.
I hope to see you then,
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by "Liam Hurrell, New Relic" <emeamarketing@newrelic.com> - 05:36 - 21 Nov 2023 -
What is tokenization?
On Point
Potential benefits of tokenization Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
A digital euro. Cryptocurrency may have lost some of its luster. Even so, some financial leaders are keen to explore central bank digital currencies (CBDCs). Last month, European policymakers said that, following a two-year period of research, they were ready to take the next step toward developing a digital version of the euro. Central bank leaders say the move won’t much affect present-day financial structures; others disagree. Banks could be significantly affected by a potential decline in fees, one analyst stated. [FT]
•
Talking about tokenization. Tokenization, or the process of issuing a digital representation of an asset on a blockchain, is potentially a big deal. Industry experts have forecast up to $5 trillion in tokenized digital-securities trade volume by 2030, McKinsey partner Anutosh Banerjee and coauthors note. Tokenized assets can include physical assets like real estate or art, financial assets like equities or bonds, nontangible assets like intellectual property, or even identity and data.
•
Tokenized cash. Financial institutions are already beginning to tokenize cash. For instance, stablecoins are a type of cryptocurrency pegged to a physical currency (or commodity or other financial instrument). Since tokenization debuted in 2017, many financial-services companies have significantly grown their digital-asset teams and capabilities. As digital-asset teams mature, we may see tokenization increasingly used in financial transactions. To understand five potential benefits of tokenization, read our McKinsey Explainer “What is tokenization?”
— Edited by Belinda Yu, editor, Atlanta
Introducing Insights to Impact
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:08 - 21 Nov 2023 -
Monitor the Behavior of Vehicles & Drivers with Video Telematics Solution
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by "Sunny Thakur" <sunny.thakur@uffizio.com> - 07:00 - 20 Nov 2023 -
Register Now for webinar - Unleashing the power of Generative AI at the edge
Register Now for webinar - Unleashing the power of Generative AI at the edge
Unleashing the power of Generative AI at the edge
Live Virtual Training
Thursday, November 30, 2023
07:30 am - 08:30 am PSTRegister Now Generative AI applications have taken the world by storm. Advancements in algorithm development and processing capabilities have been spearheading rapid innovations. Novice learners of AI can find the overload of information overwhelming. This session helps break down some of the common questions about Generative AI. You will learn about:
- What GenAI is (and, what it is not)
- How GenAI is different from other AI methods
- Common GenAI models, capabilities and industry use cases
- Ethical considerations
Challenges and recipes for developing and deploying GenAI applications at scale at the edge.
Register Now Speakers
Vaghesh Patel
Software Developer - Intel Corporation
Vaghesh Patel is a software developer at Intel, specializing in AI, Cloud and Edge Computing solutions. He has adeptly designed and implemented a plethora of solutions centered around generative AI, computer vision, edge solutions, infrastructure management and advanced AI technologies. With an intense passion for reducing the complexity of edge, cloud, and AI-based applications, Vaghesh consistently delivers a streamlined experience for developers. As a natural problem-solver, he continually seeks to innovate and push the boundaries of what's possible with cutting-edge technology.
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by "Intel Corporation" <intel@plan.intel.com> - 12:03 - 20 Nov 2023 -
Is your organization’s growth consistent? A leader’s guide
Growth spurt Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Most leaders know they need to look for growth opportunities despite ups and downs in the business landscape. But even if opportunities abound, finding those that turn in consistent growth can be difficult. Tried-and-true methods may not yield the returns they once did, and new ventures may not necessarily create value year after year. This week, we explore some growth strategies that may prove more effective in the long term.
In our annual surveys on new-business building, CEOs have consistently rated creating new revenue streams as a top priority. This year, public-equity investors and analysts are following suit. In a separate survey of these groups in September 2023, nearly two-thirds of the respondents say that “it would be advantageous for organizations to increase their investment in new-business building over the next year,” according to McKinsey senior partners Markus Berger-de León, Paul Jenkins, Ari Libarikian, and coauthors in their report on the survey results. “A majority see business building as an effective method for an organization to increase its valuation.” Our survey of companies bears this out: 20 percent of revenues at respondents’ organizations came from new businesses built within the past five years, up from 12 percent last year.
That’s from a research study led by McKinsey partners Matt Banholzer, Rebecca Doherty, Alex Morris, and contributors. Innovative growers are organizations that excel in both growth and innovation. The companies surveyed are a highly diverse group, spread across four continents and ten industries and including both well-known brands and start-ups. But what they have in common is a commitment to link innovation to growth aspirations. “For instance, our review of the innovative growers’ earnings calls reveals that they talk about innovation twice as much as their peers, and, in those conversations, emphasize innovation as a means to create profitable and sustainable growth,” say the McKinsey researchers. Most innovative growers achieved TSR above their industry median over a ten-year period.
Much like pruning a shrub to stimulate growth, sometimes the best way to grow a business for the long term may be to cut it back—for now. If your organization isn’t growing consistently, it may be time to divest lagging businesses. Especially in large conglomerates, “a breakup would allow for a more tailored operating model,” suggest McKinsey’s Jamie Koenig, Tim Koller, and Anthony Luu. For example, by selling off a nonbranded-commodity business, a global consumer company was able to streamline its operating model and focus on growth in its branded business. And in an era of remote work, many companies are seizing the chance to cut costs by trimming surplus real estate.
Lead by seeking consistent growth opportunities.
— Edited by Rama Ramaswami, senior editor, New York
Leading Off will be taking a brief break for the US Thanksgiving holiday. We’ll be back on Monday, December 4. Thank you for reading!
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 04:51 - 20 Nov 2023 -
Help us to know you better
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*ข้อมูลทั่วไปประกอบด้วย ชื่อ ชื่อบริษัท ตำแหน่งงาน หน้าที่งาน ส่วนแบ่งทางการตลาด การจัดประเภทลูกค้า ที่อยู่บริษัท และหมายเลขโทรศัพท์ของบริษัท+ Lifecycle Services From energy and sustainability consulting to optimizing the life cycle of your assets, we have services to meet your business needs. Schneider Electric
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by "Schneider Electric" <reply@se.com> - 04:11 - 20 Nov 2023 -
India’s tourists are on the move. How can global destinations attract them?
On Point
Top sites for India’s tourists Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
India’s surging travel demand. With a youthful population and fast-growing economy, India is set to become an important source of leisure travelers in the coming decades. The country’s robust recovery in postpandemic travel, along with its residents’ growing demand for international travel, suggest that a wave of Indian travelers could soon set out to see the world. By 2040, India’s tourists could make more than 80 million outbound trips a year, up from 13 million in 2022, McKinsey senior partner Neelesh Mundra and coauthors find.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 01:36 - 20 Nov 2023 -
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by "Adobe Creative Cloud for Business" <demand@info.adobe.com> - 09:05 - 19 Nov 2023 -
Sumo Logic: the safest bet in Vegas
Sumo Logic
Meet us at re:Invent | Sumo Logic booth #789 | Nov 27-30Hi Mohammad,
Sumo Logic was born in the cloud, so naturally AWS re:Invent is our favorite industry gathering. And, sure, it doesn’t hurt that it takes place in fabulous Las Vegas.
We’re looking forward to meeting with folks just like yourself to share all about how fast and easy it is to deploy our AI-powered SaaS Log Analytics Platform. Schedule a meeting today to learn more about how Sumo Logic accelerates AWS insights into action, breaks down silos, and simplifies Dev, Sec, and Ops functions.
Stop by booth #789, catch a product demo, grab some swag, and meet our friendly Sumo Logic product experts. We’re looking forward to seeing you there!
Best,
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by "Sumo Logic" <marketing-info@sumologic.com> - 08:01 - 19 Nov 2023 -
The week in charts
The Week in Charts
Worker exhaustion, airlines’ slow recovery, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:56 - 18 Nov 2023 -
EP86: CAP, BASE, SOLID, KISS, What do these acronyms mean?
EP86: CAP, BASE, SOLID, KISS, What do these acronyms mean?
This week’s system design refresher: CAP, BASE, SOLID, KISS, What do these acronyms mean? Single Sign-On (SSO) explained in simple terms Imperative Vs Functional Vs Object-oriented Programming Data Pipelines Overview 2023 State of DevOps Report by Google Cloud and LinearB (Sponsored) Forwarded this email? Subscribe here for moreThis week’s system design refresher:
CAP, BASE, SOLID, KISS, What do these acronyms mean?
Single Sign-On (SSO) explained in simple terms
Imperative Vs Functional Vs Object-oriented Programming
Data Pipelines Overview
2023 State of DevOps Report by Google Cloud and LinearB (Sponsored)
Are lofty DevOps ideals translating into better results for companies? Has AI begun to show an impact on software team productivity?
This 2023 report by the DevOps Research and Assessment (DORA) team at Google and LinearB collates research from over 36,000 professionals worldwide, covering:
Key outcomes from DORA (including measures and benchmarks for high performers)
DORA metric performance across applications
Technical and cultural performance predictors
The impact of AI and cloud infrastructure
Now, you can get a free copy of the full report.
CAP, BASE, SOLID, KISS, What do these acronyms mean?
The diagram below explains the common acronyms in system designs.
CAP
CAP theorem states that any distributed data store can only provide two of the following three guarantees:
1. Consistency - Every read receives the most recent write or an error.
2. Availability - Every request receives a response.
3. Partition tolerance - The system continues to operate in network faults.
However, this theorem was criticized for being too narrow for distributed systems, and we shouldn’t use it to categorize the databases. Network faults are guaranteed to happen in distributed systems, and we must deal with this in any distributed systems.
You can read more on this in “Please stop calling databases CP or AP” by Martin Kleppmann.BASE
The ACID (Atomicity-Consistency-Isolation-Durability) model used in relational databases is too strict for NoSQL databases. The BASE principle offers more flexibility, choosing availability over consistency. It states that the states will eventually be consistent.SOLID
SOLID principle is quite famous in OOP. There are 5 components to it.
1. SRP (Single Responsibility Principle)
Each unit of code should have one responsibility.
2. OCP (Open Close Principle)
Units of code should be open for extension but closed for modification.
3. LSP (Liskov Substitution Principle)
A subclass should be able to be substituted by its base class.
4. ISP (Interface Segregation Principle)
Expose multiple interfaces with specific responsibilities.
5. DIP (Dependency Inversion Principle)
Use abstractions to decouple dependencies in the system.KISS
"Keep it simple, stupid!" is a design principle first noted by the U.S. Navy in 1960. It states that most systems work best if they are kept simple.
Over to you: Have you invented any acronyms in your career?
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Single Sign-On (SSO) explained in simple terms
The concepts of SSO revolve around the three key players: the User, the Identity Provider (IDP), and the Application.
The end-user or individual who seeks access to various applications.
Identity Provider (IDP): An entity responsible for user authentication and verification. Common IDPs include Google, Facebook, and company-specific systems.
Application: The software or service that the user wants to access. Applications rely on the IDP for user authentication. With SSO, users can seamlessly log in to various applications with a single set of credentials, enhancing convenience and security.
Single Sign-On (SSO) simplifies user access by enabling them to log in to multiple applications with a single set of credentials, enhancing the user experience and reducing password fatigue. It also centralizes security and access management, improving security, streamlining access control, and saving time and costs.
Over to you: What's your perspective on the future of secure authentication in the digital realm?Imperative Vs Functional Vs Object-oriented Programming
In software development, different programming paradigms offer unique ways to structure code. Three main paradigms are Imperative, Functional, and Object-oriented programming, each with distinct approaches to problem-solving.
Imperative Programming:
- Works by changing program state through a sequence of commands.
- Uses control structures like loops and conditional statements for execution flow.
- Emphasizes on mutable data and explicit steps for task completion.
- Examples: C, Python, and most procedural languages.Functional Programming:
- Relies on pure functions, emphasizing computation without side effects.
- Promotes immutability and the avoidance of mutable state.
- Supports higher-order functions, recursion, and declarative programming.
- Examples: Haskell, Lisp, Scala, and functional features in languages like JavaScript.Object-oriented Programming:
- Focuses on modeling real-world entities as objects, containing data and methods.
- Encourages concepts such as inheritance, encapsulation, and polymorphism.
- Utilizes classes, objects, and interfaces to structure code.
- Examples: Java, C++, Python, and Ruby.
Over to you: Which one resonates with your coding style? Ever had an 'aha' moment while using a particular paradigm? Share your perspective.
Data Pipelines Overview
Data pipelines are a fundamental component of managing and processing data efficiently within modern systems. These pipelines typically encompass 5 predominant phases: Collect, Ingest, Store, Compute, and Consume.
Collect:
Data is acquired from data stores, data streams, and applications, sourced remotely from devices, applications, or business systems.Ingest:
During the ingestion process, data is loaded into systems and organized within event queues.Store:
Post ingestion, organized data is stored in data warehouses, data lakes, and data lakehouses, along with various systems like databases, ensuring post-ingestion storage.Compute:
Data undergoes aggregation, cleansing, and manipulation to conform to company standards, including tasks such as format conversion, data compression, and partitioning. This phase employs both batch and stream processing techniques.Consume:
Processed data is made available for consumption through analytics and visualization tools, operational data stores, decision engines, user-facing applications, dashboards, data science, machine learning services, business intelligence, and self-service analytics.
The efficiency and effectiveness of each phase contribute to the overall success of data-driven operations within an organization.
Over to you: What's your story with data-driven pipelines? How have they influenced your data management game?Latest articles
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Net zero: Taking stock, tracking progress
The Shortlist
Four new insights Curated by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
COP28 kicks off in two weeks. Thousands of CEOs and other leaders will pack their bags and head to Dubai to debate the next steps on the road to net zero. In this special sustainability edition of the CEO Shortlist, we offer our latest thoughts on the world’s biggest problem. We hope you enjoy the read.
—Liz and Homayoun
You can’t manage what you can’t measure. Emissions reduction needs to happen across categories, sectors, and geographies—all at once. As part of COP28’s global stocktake of progress since the Paris Agreement, we’ve put together an interactive sector tracker to help identify which sectors are making progress on reducing global warming, and where we need to accelerate our efforts.
Learn how sectors are measuring up in A sector tracker for the net-zero transition, a new interactive by Hauke Engel, Mekala Krishnan, Daniel Pacthod, Hamid Samandari, Humayun Tai, Simran Khural, and Mackenzie Murphy.Best of both worlds. For years, executives have balked at the high costs of decarbonizing operations. That’s changing. Leading companies in several sectors are showing the rest how it’s done: reducing emissions and cutting costs simultaneously.
Learn how to do both with Decarbonize and create value: How incumbents can tackle the steep challenge, by Peter Crispeels, Dieuwert Inia, Henry Legge, Tomas Nauclér, and Philipp Radtke.*Sweeping gesture* Adaptation has made all this possible. Homo sapiens adapted to changing climate conditions to spread all over the globe and invent things we need like fireplaces and agriculture (as well as luxuries like smartphones and cheese puffs). Today, finding ourselves in an existential climate predicament, we can—must—once again lean on adaptation.
What’s different this time? We have to be much, much more organized about it. Here’s a starting point: Ten key requirements for a systemic approach to climate adaptation, a new article by Alexis Trittipo, Hamid Samandari, Homayoun Hatami, Mekala Krishnan, Philipp Koch, and Carter Powis.
We hope you find our sustainability content inspiring and helpful. See you in two weeks with four more McKinsey ideas for the CEO and others in the C-suite.Share these insights
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