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5 reasons you can’t miss the Remote Connect 2023 Virtual Conference
5 reasons you can’t miss the Remote Connect 2023 Virtual Conference
Discover new strategies for scaling globally distributed teams.The future of global work begins with you.
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Join me on Thursday for Integrated APM and Infrastructure Monitoring Strategies Workshop
Hi MD,
Liam, Manager of Customer Training at New Relic University, here.
In today's fast-paced digital landscape, ensuring the optimal performance and reliability of your applications is paramount. Have you considered the importance of APM and infrastructure monitoring in achieving these goals?
Join our webinar to explore how APM and Infrastructure Monitoring can be powerful tools for extracting valuable insights from your application and system data. This webinar will delve into the integration of APM and Infrastructure Monitoring data to enhance operational visibility, mitigate risks, and achieve strategic business goals.
If you’re interested in learning more, you can register to attend the free online workshop I'll be hosting on Thursday 28th September at 10 am BST/ 11 am CEST- “Maximizing Performance and Efficiency: Integrated APM and Infrastructure Monitoring Strategies”. In this 60-minute workshop, you’ll discover how to leverage these insights to make informed, data-driven decisions that positively impact your organization's performance and future growth.
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.
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by "Liam Hurrell" <emeamarketing@newrelic.com> - 05:36 - 26 Sep 2023 -
Don’t forget to register for latest OpenVINO DevCon!
Don’t forget to register for latest OpenVINO DevCon!
Join us live on Oct 10th to dive into AI modeling for cell therapy.Bringing Together Scientific Data and Custom AI Models with OpenVINO™ Model Server
October 10, 2023; 7PM-8PM IST
Register now OpenVINO DevCon has added a new workshop for October with a focus on AI and biopharma. AI is changing the way clinical pharmaceutical scientists extract meaningful insights and develop innovations for the healthcare industry.
In this talk, experts from Intel and Beckman Coulter Life Sciences will share an end-to-end case study on how they leveraged OpenVINO™ Toolkit optimizations and OpenVINO™ Model Server to unlock AI performance for their CellAI toolbox.
Attendees will learn:
- How to unlock higher model performance for scientific AI models with OpenVINO optimizations
- How to efficiently deploy scientific AI models using OpenVINO Model Server and AiCSD
- How and where to contribute to the open-source development of AI model technologies in the life sciences domain
Register today Kaleb Kuether
Solution Architect, Intel
Kaleb is the solution architect for the recently released Intel open-source sample AI Connect for scientific data (AiCSD).Nooshin Nabizadeh
AI Solutions Architect, Intel
Nooshin has worked with dozens of healthcare companies to optimize their deep learning algorithms for inference and has been involved in development and adoption of OpenVINO™ toolkit in the healthcare space.Milosz Zeglarski
Software Engineer, Intel
Throughout his career, Milosz has focused on deploying AI models and pipelines on different platforms and environments.Ria Cheruvu
AI Software Lead Architect and AI Evangelist, Intel
Ria is a renowned speaker who focuses on solutions for security and privacy for machine learning, fairness, explainable and responsible AI systems, uncertain AI, and more.Gabriele Aldeghi
Senior Data Scientist, Beckham Coulter Life Sciences
Gabriele specializes in Computer Vision and Image Processing applications with Deep Learning on biological data.Filip Krasniqi
Senior Data Scientist, Beckham Coulter Life Sciences
With a focus on Data Science and particularly Computer Vision and Deep Learning, Filip works in both SE and AI skills and dealing with MSC cells.On-Demand DevCon Workshops
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by "Intel Developer Zone" <intel.developer.zone@plan.intel.com> - 03:34 - 26 Sep 2023 -
Poor brain health has consequences, such as employee attrition and burnout
On Point
How to care for your brain Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
Your brain on music. Listening to music engages more of the right side of the brain, while listening to someone speak engages the left side. Science now shows that the connection between the brain hemispheres and music may help to create more emotive, natural-sounding devices for people who are unable to speak. A recent study showed a computer was able to recreate a Pink Floyd song from recordings of epilepsy patients’ brain activity as they listened to the song. Researchers hope that by learning how the brain responds to music, assistive devices could one day sound less robotic. [NYT]
•
Brain health. The COVID-19 pandemic brought mental health into mainstream conversation as worldwide rates of anxiety and depression increased by as much as 30%. But brain health means more than just the absence of disease. Brains are shaped by our economic, physical, and social environments. When brain health conditions go untreated, that can increase the risk of disability. Communities that prioritize early intervention and support could improve quality of life and lower healthcare costs, according to McKinsey partner and coleader of the McKinsey Health Institute Erica Coe and colleagues.
•
Risk factors. Brain health is one of the least addressed areas in current research, even though between 25% and 50% of the global population may experience a mental health or neurological condition during their life. Factors such as age, genetics, and social elements (including trauma, poverty, and discrimination) can increase the risk of developing brain health conditions. Explore this edition of McKinsey Explainers to learn about actions individuals, communities, and employers can take to support lifelong brain health.
— Edited by Gwyn Herbein, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:23 - 26 Sep 2023 -
Manage and Schedule Routes for Employee Transportation Vehicles with Route Optimization System
Manage and Schedule Routes for Employee Transportation Vehicles with Route Optimization System
Know how route optimization streamlines employee transport services.Platform | Usecase Challenges Faced without Route Optimization
Inefficient Routes: The organization’s manual routing system is inefficient, resulting in longer travel times, increased fuel costs, and reduced productivity.
Inaccurate Scheduling: The organization struggles with inaccurate scheduling. This results in delays, missed pickups, and dissatisfied employees.
Increased Costs: Extra mileage means higher fuel expenses, increased maintenance costs, and a larger environmental footprint.
Solution with Route Optimization
Optimized Routes: Our route optimization generates the most efficient routes. It ensures prompt arrivals and minimizing travel time.
Multiple Checkpoint Allocation: The software allows to allocate multiple pickup and drop points. This ensures that pickups and drop-offs are accurate and timely.
Cost Savings: Reduced mileage and fuel consumption translate to significant cost savings for your transportation budget.
Results Achieved
Witness a 20% reduction in transportation costs.
Enjoy up to 30% time savings, enhancing punctuality and productivity.
Uffizio Technologies Pvt. Ltd., 4th Floor, Metropolis, Opp. S.T Workshop, Valsad, Gujarat, 396001, India
by "Sunny Thakur" <sunny.thakur@uffizio.com> - 08:00 - 25 Sep 2023 -
Generative AI: How will it affect future jobs and workflows?
Build new skills Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
What role will generative AI play in the future of work? What should we do now to ensure that employers and workers are prepared? Gen AI could automate almost 10 percent of tasks in the US economy, but there are also opportunities to empower employees through upskilling and reskilling, say McKinsey's Kweilin Ellingrud and Saurabh Sanghvi. In a new episode of The McKinsey Podcast, they talk about how leaders today can make sense of gen AI in the workforce, the importance of skills-based hiring, and developing pathways for disadvantaged groups. Tune in and get ready for the future.
Quote of the day
Chart of the day
ALSO NEW
— Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:41 - 25 Sep 2023 -
Asia on the cusp of a new era
Navigate change New from McKinsey Global Institute
Asia on the cusp of a new era
Navigate change From poverty to empowerment: Raising the bar for sustainable and inclusive growth
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 12:45 - 25 Sep 2023 -
Introducing Tray Universal Automation Cloud
Unified multi-experience iPaaS cuts integration time from months to days͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏Hi Md Abul,
Today, we’re taking a leap forward in integration and automation innovation. We’re thrilled to announce Tray Universal Automation CloudTM – an AI-powered, unified multi-experience iPaaS designed to dramatically speed up your time-to-integration. With the power of Tray now available in three unique experiences, you can eliminate tech stack complexity and data silos, freeing teams to quickly and collaboratively automate business processes and activate ecosystem integrations. Here’s how:
Unified platform
With the Universal Automation Cloud, we’ve reimagined integration, bringing together the best of Tray Platform and Tray Embedded into a single strategic platform for your business.
Three ways to work
Different teams have different needs. Choose from three distinct experiences to work how you want to work:
Enterprise core
Designed for IT teams, the platform offers the observability, robust governance, security, and scalability enterprises need to automate at scale.
AI-powered
Tray Merlin AI is a game-changing platform-level intelligence layer. It infuses AI into every experience so you can accelerate integration development at every level and across every team including augmented development and on-demand, chat-first automation.
Whether you're aiming to modernize your integration strategy, orchestrate complex automated workflows, or integrate with ecosystem partners, Tray Universal Automation Cloud lets you work in the way best suited to your ambitions. Learn more →
Best,
Rich Waldron, CEO
Tray.io© Tray.io Inc. 25 Stillman Street, San Francisco, CA 94107, United States
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by "Rich, CEO at Tray.io" <team@tray.io> - 10:06 - 25 Sep 2023 -
More than half of employees are disengaged. What’s a leader to do?
Disenchanted Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Ever since employee burnout and attrition came to the forefront during the COVID-19 pandemic, many employers have responded with measures to improve worker well-being and engagement. But employees’ unhappiness with the workplace still hasn’t changed—if anything, it has become worse. Recent research shows that the number of actively disengaged employees in the US is the highest in a decade. Reasons for workers’ dissatisfaction include limited career advancement opportunities, poor leadership, excessive workloads, and lack of connection to the company’s purpose. While organizations may not be able to address all these challenges at once, some unconventional tactics may help get the process started.
Attrition and employee disengagement could cost large organizations up to $355 million a year in lost productivity, according to research led by McKinsey senior partner Aaron De Smet and colleagues. Over five years, that’s an estimated $1 billion or more per company. To make a dent in those numbers, organizations may need to deploy thoughtful interventions across various groups of employees to increase their motivation and commitment. Our research identifies six different segments of workers that range from highly dissatisfied to superengaged; the challenge for leaders is to move as many workers as possible into the most-engaged part of the spectrum. By paying attention to six important factors—which account for nearly two-thirds of the total cost to companies from disengagement—companies could save an estimated $56 million a year in disengagement costs.
That’s the number of attributes that frontline employees consider most important for career advancement, according to research conducted by McKinsey and Cara Collective. Job growth tops the list, with compensation coming in a close second, and is “significantly more important to frontline employees than their employers think,” note the researchers. Gaps between what workers want and what employers think they want can derail leaders’ efforts to boost employee engagement. For example, in the case of frontline workers, employers place more importance on job titles and overvalue vacation and sick leave, and discrepancies appear between what middle managers—who play a critical role in employees’ satisfaction—perceive as important and what their organization values.
That’s McKinsey senior partner Ben Ellencweig in a discussion with Philipp Skogstad, CEO of Mercedes-Benz R&D North America, on the automaker’s recent beta test of a generative AI tool in its vehicles. “Gen AI is a great addition to any activity that requires creativity and needs human interaction or leadership,” says Ellencweig. Instead of viewing technology as a threat that puts them out of work, humans can use it as an asset that removes much of the tedium from routine tasks and enables people to thrive by doing what they do best. “Think about the technician that services your car when you bring it to the dealer,” observes Ellencweig. “Gen AI has the ability to guide the technician, to identify the problem and quickly pinpoint how to solve that problem.”
As a leader, you may believe that it’s your job to “fix” disengaged employees, but that may not always be practical, says the author of a Harvard Business Review article. Rather, you may be better off learning how to collaborate with them. That may mean enlisting disengaged workers in concrete, task-oriented activities while respecting their personal space. As the “Great Disengagement” pervades workplaces, organizations that prioritize fair pay and rewards, equip their leaders to manage through change, and connect and communicate with employees are likely to come out ahead. And to build a sense of community, it’s important to reestablish workplace rituals that may have been lost.
Lead by engaging.
— Edited by Rama Ramaswami, senior editor, New York
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by "McKinsey Leading Off" <publishing@email.mckinsey.com> - 02:11 - 25 Sep 2023 -
Generative AI is here. What are its potential applications in the auto industry?
On Point
Chatting with Mercedes-Benz R&D North America’s CEO Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
•
Safer vehicles. Generative AI could allow auto leaders to address some of their biggest challenges, a UK data analytics company stated in a recent report. By incorporating real-time data, the technology enables driver assistance systems to better detect collisions, which improves vehicle safety, per the report. Major auto companies are already using generative AI to transform business processes. In June 2023, an R&D arm of an Asia-based automaker unveiled a design tool that uses generative AI to help auto designers work more efficiently. [Economic Times]
•
ChatGPT in cars. Software development is like having a subway running every ten minutes, Philipp Skogstad, CEO of Mercedes-Benz R&D North America, shares with Ben Ellencweig, McKinsey senior partner and global leader of QuantumBlack, AI by McKinsey, on an episode of our new podcast series, Drivers of Disruption. Iterating quickly and involving multiple teams enabled Mercedes-Benz to swiftly integrate ChatGPT in its vehicles. In June 2023, the brand rolled out its optional gen-AI-powered assistant to about 900,000 US consumers.
•
A smarter commute. Generative AI will likely transform our work, personal lives, and our means of interacting with cars, Skogstad says. Intelligent assistants that have access to employees’ schedules could help them get to work on time. Driving systems might, for instance, recommend leaving the house 15 minutes earlier due to bad weather. They might also suggest relevant news channels to listen to on the way in. Hear the full conversation from the McKinsey Center for Future Mobility to discover how generative AI could change the auto industry.
— Edited by Belinda Yu, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:42 - 25 Sep 2023 -
Top 10 reports this quarter
McKinsey&Company
At #1: Generative AI and the future of work in America Our top ten reports this quarter look at the pandemic's impact on real estate, the net-zero global materials transition, and more. At No. 1, a McKinsey Global Institute report from Kweilin Ellingrud, Saurabh Sanghvi, Anu Madgavkar, Michael Chui, Olivia White, and coauthors reveals how new generative AI tools and automation and could affect the US workforce by 2030. All of our reports are free to download with a McKinsey.com registration—sign up now to stay current on your favorite topics.
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by "McKinsey Top Ten" <publishing@email.mckinsey.com> - 10:45 - 24 Sep 2023 -
The week in charts
The Week in Charts
G20 economies’ net-zero goals, programmatic M&A, and more Share these insights
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by "McKinsey Week in Charts" <publishing@email.mckinsey.com> - 03:50 - 23 Sep 2023 -
EP78: How to Crack Any System Design Interview
EP78: How to Crack Any System Design Interview
This week’s system design refresher: How to Crack Any System Design Interview (YouTube video) Key Concepts to Understand Database Sharding Kubernetes Tools Ecosystem Cloud Native Landscape Ace Your Audits With Automation (Sponsored) Want fewer surprises and all-nighters before an audit? Drata automates evidence collection and monitors risk 24/7 for 16+ frameworks, including SOC 2, ISO 27001, GDPR, and HIPAA, so you can stay compliant without the messy, manual work. Book a demo to see how you can stay compliant year round with continuous control monitoring. Forwarded this email? Subscribe here for moreThis week’s system design refresher:
How to Crack Any System Design Interview (YouTube video)
Key Concepts to Understand Database Sharding
Kubernetes Tools Ecosystem
Cloud Native Landscape
Ace Your Audits With Automation (Sponsored)
Want fewer surprises and all-nighters before an audit? Drata automates evidence collection and monitors risk 24/7 for 16+ frameworks, including SOC 2, ISO 27001, GDPR, and HIPAA, so you can stay compliant without the messy, manual work. Book a demo to see how you can stay compliant year round with continuous control monitoring.
How to Crack Any System Design Interview
Key Concepts to Understand Database Sharding
In this concise and visually engaging resource, we break down the key concepts of database partitioning, explaining both vertical and horizontal strategies.
Range-Based Sharding: Splitting your data into distinct ranges. Think of it as organizing your books by genre on separate shelves.
Key-Based Sharding (with a dash of %3 hash): Imagine each piece of data having a unique key, and we distribute them based on a specific rule. It's like sorting your playing cards by suit and number.
Directory-Based Sharding: A directory, like a phone book, helps you quickly find the information you need. Similarly, this technique uses a directory to route data efficiently.
Latest articles
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Kubernetes Tools Ecosystem
Kubernetes, the leading container orchestration platform, boasts a vast ecosystem of tools and components that collectively empower organizations to efficiently deploy, manage, and scale containerized applications.
Kubernetes practitioners need to be well-versed in these tools to ensure the reliability, security, and performance of containerized applications within Kubernetes clusters.
To introduce a holistic view of the Kubernetes ecosystem, we've created an illustration covering the aspects of:
Security
Networking
Container Runtime
Cluster Management
Monitoring and Observability
Infrastructure Orchestration
Cloud Native Landscape
Many Are Looking for the Definitive Guide on How to Choose the Right Stack
The ANSWER is...
There is no one-size-fits-all guide; it all depends on your specific needs, and picking the right stack is HARD.Fortunately, at this point in time, technology is usually no longer a limiting factor. Most startups should be able to get by with most technologies they find. So spend less time on picking the perfect tech; instead, focus on your customers and keep building.
Over to you all: What do you think is causing this fragmentation in tech stack choices?
Image source: CNCF Cloud Native Interactive LandscapeLatest articles
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by "ByteByteGo" <bytebytego@substack.com> - 11:37 - 23 Sep 2023 -
Here’s what you might have missed this summer
Happy first day of fall! 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
It’s the first day of autumn in the Northern Hemisphere, which means cooler weather, earlier sunsets, and crimson leaves. But in the business world, fall means back to business. Before the season of peak productivity kicks into high gear, check out some crucial insights you may have missed this summer, including an episode of The McKinsey Podcast featuring partners Emily Field and Bryan Hancock about the costs of middle management gone awry—and look out for our latest thinking on the issues that matter most in business and management in the months ahead.
To see more essential reading on topics that matter, visit McKinsey Themes.
— Edited by Eleni Kostopoulos, managing editor, New York
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 10:06 - 23 Sep 2023 -
A green future in food and agriculture, the latest in the world economy, employee development, and more: The Daily Read weekender
Highlights from the week Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
QUOTE OF THE DAY
chart of the day
Ready to unwind?
—Edited by Joyce Yoo, editor, New York
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:23 - 22 Sep 2023 -
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From poverty to empowerment: Raising the bar for sustainable and inclusive growth New from McKinsey & Company
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Why we need a systems view of growth, inclusion, and sustainability and the inherent tensions and tradeoffs between all three
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The scale of the economic resources required to achieve both economic empowerment and net zero and how the gaps vary across regions
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How much progress economic growth and business innovation can deliver
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Avenues for action
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by "McKinsey Global Institute" <publishing@email.mckinsey.com> - 04:27 - 22 Sep 2023 -
Sustainable and inclusive growth: Addressing both poverty and climate change
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by "McKinsey & Company" <publishing@email.mckinsey.com> - 12:21 - 22 Sep 2023 -
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by "Remote" <hello@remote-comms.com> - 05:32 - 22 Sep 2023 -
Innovate toward generative AI greatness
The CEO 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
The CEO role has never been easy: the boss is ultimately in charge of forming the company’s new strategies, then marshaling the resources to deliver on them. But what we’re hearing now from the world’s CEOs is that their role is harder than ever. Accordingly, we’re doubling down on our commitment to support them. Our CEO Excellence research is generating a steady stream of insights on how the best CEOs consistently deliver results. And other colleagues continue to surface the issues that matter most to CEOs and their teams in the C-suite. In line with that, we’ve changed the focus (and the name) of this newsletter to signal our commitment to helping CEOs—both present and future—do the best jobs they can. Rest assured, we will continue to deliver, twice monthly, four articles and reports that are must-reads for people across the workforce—from C-level execs to the front line. In this edition, we look at how organizations with an innovative culture are more likely to confer a competitive edge with generative AI, how consumer companies are becoming software companies, and more. We hope you enjoy the read.
—Liz and Homayoun
Here’s what’s not new. Companies with highly innovative cultures are better able than their peers to meet the demands of dynamic times. This is known. But in today’s business environment—where generative AI is the talk of every watercooler, and fast movers take the prize—we’ve found that highly innovative companies are even more adept than we thought. When it comes to deploying generative AI at scale, top innovative organizations are widening the competitive gap between themselves and their trailing peers.
Hone your company’s innovative edge with five strategic actions in Companies with innovative cultures have a big edge with generative AI, a new article by Matt Banholzer, Ben Fletcher, Laura LaBerge, and Jon McClain.Every consumer company is now a software company—or soon will be. More than 500 million people interact with Nike through its apps annually, for example. The Starbucks app clocks more point-of-sale payments in the US than any other platform except Apple. And e-commerce figures prominently in most consumer companies’ ambitions. But the pace of technology innovation is frantic, the demands are huge, and many companies are falling behind.
Keep up with Turning consumer and retail companies into software-driven innovators, by Aman Dhingra, Chandra Gnanasambandam, Rahul Mangla, Hannah Mayer, and Roger Roberts. Working hard or hardly working? With hybrid work firmly entrenched at many companies, some leaders are left wondering if all those faces on the videoconference call are committed to the mission, or if some might be spending most of their time on their hobbies (or working another job). Our new research finds that 10 percent of workers at an average organization are highly dissatisfied and actively disengaged. The cost to productivity is staggering—at least $228 million annually for a median-size company.
Companies can reconnect with the disengaged—and all other employees too, including star performers. To learn how, read Some employees are destroying value. Others are building it. Do you know the difference? by Aaron De Smet, Marino Mugayar-Baldocchi, Angelika Reich, and Bill Schaninger.Tell me a story. We’ve known anecdotally for a long time that investors value ESG but want to see a clear path to value creation before investing. Now, we have the data to back it up, from a new survey of chief investment officers. Once a strong case is made, though, investors are ready to open their checkbooks: our data shows that a significant majority of them will pay a premium for companies that link ESG efforts to financial performance.
Learn how to tell a compelling ESG equity story with Investors want to hear from companies about the value of sustainability, by Jay Gelb, Rob McCarthy, Werner Rehm, and Andrey Voronin.We hope you find our new focus on CEOs inspiring and helpful. See you in two weeks with four more McKinsey ideas for the CEO and others in the C-suite.
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by "McKinsey CEO Shortlist" <publishing@email.mckinsey.com> - 02:12 - 22 Sep 2023 -
Supporting older workers in a multigenerational workplace can benefit business
On Point
A conversation with AARP’s CEO Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
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(Grand)parental leave. A recent survey found that families spend more than a quarter of their income on childcare, and that roughly four in ten parents rely on family members for childcare help. People in the US are living longer and retiring later, which means many workers are also grandparents. Some companies are adding grandparent leave as a benefit for employees, allowing them to take time off work for the birth or adoption of a grandchild. [Quartz]
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Lifelong learners. As people live—and work—longer, older adults crave many of the same things their younger counterparts do, like flexible work and learning opportunities. In a recent episode of the McKinsey Health Institute’s (MHI) Conversations on Health series, Jo Ann Jenkins, CEO of AARP, the largest not-for-profit organization working to empower adults 50 and older in the US, tells MHI partner Ellen Feehan that older workers can help fill existing talent gaps. With as many as five generations interacting in the workplace, keeping employees engaged and fulfilled can benefit both companies and the communities they serve.
— Edited by Gwyn Herbein, editor, Atlanta
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by "McKinsey On Point" <publishing@email.mckinsey.com> - 12:29 - 22 Sep 2023