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McKinsey Predicts Generative AI Will Create More Employment and Add 4.4 Trillion Dollars to the Economy | EDRM - Electronic Discovery Reference Model

The report by well-known consulting firm McKinsey, The economic potential of generative AI: The next productivity frontier (June 2023), provides reliable information and analysis on the...

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Author Talks: What is the key to unlocking digital transformation?

McKinsey senior partners outline their new book designed to help companies harness the power of digital transformation.

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On the Agenda / SDG 11: Sustainable Cities and Communities

The stories shaping the Global, Regional and Industry agendas

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Transformed by the pandemic: BusinessWorld braces for even more change on its 35th year

Transformed by the pandemic: BusinessWorld braces for even more change on its 35th year
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Organisations need to learn how to learn again, says McKinsey's Kate Smaje

Digital transformation requires companies to challenge their own business models and how value will be created for their company, in their industry, along their value chain, said Kate Smaje while replying to a question.

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Organisations need to learn how to learn again, says McKinsey's Kate Smaje

Organisations need to learn how to learn again, says McKinsey's Kate Smaje
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Run factories efficiently with digital power management

Dec 29, 2020
In the consumer-packaged goods (CPG) industry, factories returning to normal (or almost normal) face new challenges characterised by changes in their workforce.
Many companies have lost experienced facility management or engineering staff through retirement or downsizing. Others might be forced to start-up operations with part-time employees, while pandemic protocols may limit facility access, requiring some employees to work offsite.
For a power intensive industry such as CPG, better management of your energy or ‘lifeblood’ could make or break your recovery. Electrical power management is fundamental to achieving these goals while serving your customers and protecting your profits.
Digitisation offers a solution to the problem of the stretched resources of your facility team. As Kate Smaje of McKinsey Digital describes it, “the road to recovery is paved with data. Data is providing the fuel to power better and faster decisions. High-performing organizations are three times more likely than others to say their data and analytics initiatives have contributed at least 20% to EBIT (from 2016–19).”

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