McKinsey Global Institute @McKinsey_MGI Twitter profile

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McKinsey Global Institute

@McKinsey_MGI

5 years

Here’s what Korean boy band @bts_bighit can teach us about #globalization 4.0 via @petervanham @wef

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McKinsey Global Institute

@McKinsey_MGI

5 years

Korean boy band @BTS_twt accounts for $4.65 billion of #SouthKorea ’s #GDP , landing it among Korea’s top-grossing companies Samsung, Hyundai, and Kia via @FastCompany

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McKinsey Global Institute

@McKinsey_MGI

4 months

Large companies in #Africa can unlock $550 billion in growth by 2030; opportunities in services, oil and #gas , and mining and metals abound, according to our latest analysis. Read more:

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McKinsey Global Institute

@McKinsey_MGI

7 years

New report: What the #futureofwork will mean for jobs, skills, and wages Please retweet! #newworldofwork

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McKinsey Global Institute

@McKinsey_MGI

6 years

How workplace skills will shift: Here's how individuals and companies will need to adjust #skillshift #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

6 years

What skills will be in demand in the workplace by 2030?

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McKinsey Global Institute

@McKinsey_MGI

6 years

60% of the world economy will be digital by 2022. How do we make that future inclusive, trustworthy, & sustainable? #digitaltransformation #digitaleconomy #cybersecurity

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Smartcities : Do digital solutions give city residents a more livable future? Our research found that cities can use smart tech to save 30–300 lives/year in a city of 5 million. @JonathanWoetzel #FortuneGlobalForum

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McKinsey Global Institute

@McKinsey_MGI

5 years

What if #AI could become a valuable tool in the worldwide efforts to achieve the UN’s Sustainable Development Goals? #SDGs #NextGenUNDP #wef19 #Tech4Good #AIforGood #AI4Good #AIforSocialGood @UNDP

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McKinsey Global Institute

@McKinsey_MGI

6 years

In 2017, #SouthKorea was one of the worst countries at reducing inequality. Now it's one of the best. Here's what they did. 🎥: @wef

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Smartcities : Do digital solutions give city residents a more livable future? Our new report finds that cities can use smart tech to save 30–300 lives/year in a city of 5 million. #smartcitiesMGI

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Automation and #AI will accelerate the #skills in the workforce that the workplace needs, including #technological skills and social and #emotional and skills. #futureofwork #skillshift

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McKinsey Global Institute

@McKinsey_MGI

6 years

Demand for tech skills is expected to rise 55% by 2030. How can organizations and workers prepare?

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McKinsey Global Institute

@McKinsey_MGI

5 years

Over the next decade, demand for higher cognitive, technological and social and emotional skills will grow, while physical and manual and basic cognitive skills will decline. With lifelong learning, you too can join the digital workplace via @wef

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McKinsey Global Institute

@McKinsey_MGI

5 years

If women participated in economies identically to men, it would add as much as $28 trillion to the global economy, while peace agreements which involve women in their creation and execution are 35% more likely to last. #WD2019 @WomenDeliver @Katja_Iversen

What's not to like? A gender equal world would be wealthier, healthier and more peaceful

Imagine a world where we elected as many women as men into office, where women had control and choice over their own bodies, and where we weren’t leaving trillions of dollars on the table by keeping...

www.telegraph.co.uk

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McKinsey Global Institute

@McKinsey_MGI

6 years

The 3 key skill sets for the workers of 2030 h/t @wef #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

2 years

Influential #AI researcher @ylecun has devised “an approach that he thinks will one day give machines the common sense they need to navigate the world.” (via @techreview )

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McKinsey Global Institute

@McKinsey_MGI

3 years

“In its March 2019 report ‘Digital India,’ McKinsey Global Institute observed that ‘the public sector has been one strong catalyst for India’s rapid digitization.’” (via @c_aashish in @bopinion ) Read the full report now:

Digital India: Technology to transform a connected nation

The Digital India program has spurred technology adoption among Indian consumers. Now India’s companies must follow suit.

www.mckinsey.com

Bloomberg

@business

3 years

In about a decade, India has improved services for hundreds of millions through a combination of mobile phones, the country’s biometric ID system and a program to bank the unbanked, writes @c_aashish via @bopinion

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McKinsey Global Institute

@McKinsey_MGI

6 years

How workplace skills will shift: Organizations will need to retrain, redeploy, hire, contract, and release. #skillshift #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

7 years

What skills will be important for the #futureofwork ? Here's what experts from academia and industry say.

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McKinsey Global Institute

@McKinsey_MGI

6 years

We mapped #ArtificialIntelligence capabilities to their potential use for social good across 10 domains, including #health , #education , #environment , crisis response, and more. #Infographic #Heatmap #Tech4Good

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McKinsey Global Institute

@McKinsey_MGI

6 years

#AI will become a much better predictor than humans are, and as the quality of AI prediction goes up, the value of human prediction will fall. via @McKAnalytics

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McKinsey Global Institute

@McKinsey_MGI

6 years

Social and emotional skills – these human traits we can’t yet automate – are expected to rise in demand by 24% by 2030. #skillshift

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McKinsey Global Institute

@McKinsey_MGI

6 years

Different #AI techniques will be more valuable for some industries than others. For example, recurrent #neuralnetworks could be high-impact for #insurance while feed forward networks would be more relevant for #retail . #infographic #heatmap #dataviz

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McKinsey Global Institute

@McKinsey_MGI

5 years

"If women participated in economies identically to men, it would add as much as $28 trillion to the global economy, while peace agreements which involve women in their creation and execution are 35% more likely to last." @WomenDeliver @Katja_Iversen

What's not to like? A gender equal world would be wealthier, healthier and more peaceful

Imagine a world where we elected as many women as men into office, where women had control and choice over their own bodies, and where we weren’t leaving trillions of dollars on the table by keeping...

www.telegraph.co.uk

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McKinsey Global Institute

@McKinsey_MGI

6 years

The demand for #tech skills has been growing since 2002, and it’s expected to increase 55% by 2030.

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McKinsey Global Institute

@McKinsey_MGI

5 years

These 5 job categories are among the most susceptible to #automation in the US. But that's not the end of the story... (1/2) #futureofwork #AI @antgrasso @ninjaeconomics @tamaramccleary @guzmand @grattongirl @byron_auguste @stevecase @spirosmargaris @raju @bernardmarr

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McKinsey Global Institute

@McKinsey_MGI

4 years

In the last half century, the global economy has transformed drastically. What will the next 50 years bring? 🎥: @wef

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McKinsey Global Institute

@McKinsey_MGI

6 years

"Technology is creating an economy in which #superstar employees work for superstar firms that gather them into superstar cities, leading to a stark geographic concentration of wealth unlike any seen in the past century" writes @mims

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McKinsey Global Institute

@McKinsey_MGI

8 years

Migrants make up 3.4% of the world’s population but contribute nearly 10% of global GDP. Our report #MGImigration

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McKinsey Global Institute

@McKinsey_MGI

8 years

Five years after we published our first report on big data, we're back with an update. Coming tomorrow, Thursday. #AgeofAnalytics

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McKinsey Global Institute

@McKinsey_MGI

7 years

Our new report on how technology is changing the consumption and production of #resources is out #SuperCycle

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McKinsey Global Institute

@McKinsey_MGI

6 years

How are we to prepare for the #futureofwork ? Look to Sweden: "The jobs disappear, & then we train people for new jobs. We won’t protect jobs. But we will protect workers," says the Swedish minister for employment and integration. #laborday #AI #automation

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McKinsey Global Institute

@McKinsey_MGI

6 years

The introduction of steam engines during the 1800s boosted labor productivity by an estimated 0.3% a year, the impact from robots during the 1990s around 0.4%, and the spread of IT during the 2000s 0.6%. How much impact will #AI have?

The Impact of Artificial Intelligence on the World Economy

Artificial intelligence has the potential to incrementally add 16 percent or around $13 trillion by 2030 to current global economic output, according to a new report. CIO Journal Columnist Irving...

www.wsj.com

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McKinsey Global Institute

@McKinsey_MGI

6 years

We mapped both traditional #analytics and newer #deeplearning techniques, and the problems they can solve, to more than 400 specific use cases in companies and organizations. Here’s what we learned.

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McKinsey Global Institute

@McKinsey_MGI

6 years

18 emerging economies achieved rapid sustained growth in recent times. We've discovered they all have 2 key factors in common.

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McKinsey Global Institute

@McKinsey_MGI

6 years

The 3 key skill sets for the workers of 2030 h/t @wef #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

7 years

China is returning to its historical position as one of the world’s great centers of innovation and technological development.

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McKinsey Global Institute

@McKinsey_MGI

6 years

As of May 2018, more than 1,600 bike-sharing programs were in operation worldwide, providing more than 18 million bicycles for public use. 📊: @StatistaCharts #bikeshare #smartcities #mobility

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McKinsey Global Institute

@McKinsey_MGI

5 years

. @MorrisAnimal teamed up with research scientist @JanelleCShane to create a #neuralnetwork that names #cats

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McKinsey Global Institute

@McKinsey_MGI

7 years

How soon could #wind & #solar overtake coal & gas? Technology is reshaping supply & demand for #energy . Here's how:

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McKinsey Global Institute

@McKinsey_MGI

6 years

China is returning to its historical position as one of the world’s great centers of innovation and technological development.

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McKinsey Global Institute

@McKinsey_MGI

3 years

INFOGRAPHIC: The pandemic has sparked enormous changes for labor markets—accelerating trends in remote work, digital interactions and transactions, and automation. Check out our new research:

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McKinsey Global Institute

@McKinsey_MGI

8 years

Our new report is out: Realizing the potential of Africa's economies #lionsonthemove

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McKinsey Global Institute

@McKinsey_MGI

6 years

New technologies will create new jobs. Will people have the skills to fill them? #futureofwork #newworldofwork #automation #AI @antgrasso @psb_dc @georgiafrancesk @MarshaCollier @TamaraMcCleary

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McKinsey Global Institute

@McKinsey_MGI

6 years

About 10 years ago, #China accounted for less than 1% of the global e-commerce market; today its share is 42%.

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McKinsey Global Institute

@McKinsey_MGI

7 years

What can’t #machinelearning do? So many industries and use cases. #AgeofAnalytics

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McKinsey Global Institute

@McKinsey_MGI

7 years

Recent advances in robotics, #machinelearning , and #AI are pushing the frontier of what machines are capable of doing in business and the economy. Our #2 trending topic we researched in 2017: What’s next in digital & AI.

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McKinsey Global Institute

@McKinsey_MGI

6 years

Of 71 emerging economies analyzed, 18 had strongest consistent growth #China #HongKong #Indonesia #Malaysia #Singapore #South Korea #Thailand #Azerbaijan #Belarus #Cambodia #Ethiopia #India #Kazakhstan #Laos #Myanmar #Turkmenistan #Uzbekistan #Vietnam

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McKinsey Global Institute

@McKinsey_MGI

4 years

“The robot can pick and sort more than 10,000 different items, and it does this with more than 99% accuracy, according to @CovariantAI .” (via @satariano and @CadeMetz )

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McKinsey Global Institute

@McKinsey_MGI

6 years

How workplace skills will shift: Organizations will need to retrain, redeploy, hire, contract, and release. #skillshift #futureofwork #infographic

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McKinsey Global Institute

@McKinsey_MGI

6 years

#INFOGRAPHIC : How workforce skills will shift #skillshift #futureofwork #AI #automation

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McKinsey Global Institute

@McKinsey_MGI

6 years

In Sweden, "we won’t protect jobs. But we will protect workers," says one official. How #Sweden is preparing for #AI and #automation

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McKinsey Global Institute

@McKinsey_MGI

6 years

Around 0.5% of jobs created every year are entirely new. By 2030, we could be looking at another 8 to 9% of jobs in that time period that simply don’t exist today.

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McKinsey Global Institute

@McKinsey_MGI

7 years

#Construction is one of the least digitized industries in the world. How to change that. Our new report

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McKinsey Global Institute

@McKinsey_MGI

6 years

Universal basic income, lifelong learning accounts, work-sharing programs, or portable job benefits?

If the Robots Come for Our Jobs, What Should the Government Do? (Published 2018)

Some big ideas are starting to percolate. But less dramatic ones might work, too.

www.nytimes.com

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McKinsey Global Institute

@McKinsey_MGI

6 years

At the University of Michigan, MBA grads will be able to return for any executive-level program course tuition-free, as long as they live.

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McKinsey Global Institute

@McKinsey_MGI

9 years

Even bigger than the hype? Our new report shows potential economic impact of #IoT http://t.co/9MIjABzORu http://t.co/srgyYP8ovj

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McKinsey Global Institute

@McKinsey_MGI

6 years

How #automation will lead to mass redeployment, not mass unemployment: #AI

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McKinsey Global Institute

@McKinsey_MGI

6 years

As of May 2018, more than 1,600 bike-sharing programs were in operation worldwide, providing more than 18 million bicycles for public use. 📊: @StatistaCharts #bikeshare #smartcities #mobility

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McKinsey Global Institute

@McKinsey_MGI

6 years

We mapped #AI capabilities to their potential use for social good across 10 domains, including #health , #education , #environment , crisis response, and more. #Infographic #Heatmap #Tech4Good

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McKinsey Global Institute

@McKinsey_MGI

6 years

The demand for #tech skills has been growing since 2002, and it’s expected to increase 55% by 2030.

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McKinsey Global Institute

@McKinsey_MGI

6 years

Fascinating #infographic via @VisualCap : The rising speed of technological adoption

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Cities are becoming the switchboards of the globalized economy, and for many people it’s exciting to live in them - except for traffic congestion & its emissions. #smartcities via @McKonGov

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McKinsey Global Institute

@McKinsey_MGI

8 years

Worldwide, 1.1bn workers and $15.8 trillion in wages are associated with activities technically #automatable today

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McKinsey Global Institute

@McKinsey_MGI

6 years

Jobs of the future: Skills mismatches are expected to be greatest in #dataanalytics and #IT , web, and mobile design #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Infographic : the 7 quality-of-life factors where #smartcity solutions can improve lives. #smartcitiesMGI #smartcities

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McKinsey Global Institute

@McKinsey_MGI

6 years

"Given the wider use of automation and artificial intelligence, we expect a 55% jump in demand for all types of technological skills, from basic digital knowledge to advanced skills like programming." @SusanLund_DC @eric5555 @ProSyn

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McKinsey Global Institute

@McKinsey_MGI

6 years

More than 1 in 3 workers may need to adapt their skills’ mix by 2030, which is more than double the number who could be displaced by #automation . #skillshift

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McKinsey Global Institute

@McKinsey_MGI

6 years

Most advanced economies have recently seen declining #productivity , declining capital intensity growth, and declining total factor productivity growth.

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McKinsey Global Institute

@McKinsey_MGI

10 months

McKinsey’s latest Global Economics Intelligence is out now, providing vital analysis of the world economy. 📈 Get a summary on global critical trends and risks, plus focused insights on the latest regional developments.

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McKinsey Global Institute

@McKinsey_MGI

5 years

"In many respects, the future of work is already here." via @BernardMarr

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McKinsey Global Institute

@McKinsey_MGI

6 years

Economists & historians have shown that places that prospered 100, 500, even 1,000 years ago tend to be more economically developed today. But how? Perhaps roadways built by the Roman empire 2,000 years ago are the key. via @_cingraham

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McKinsey Global Institute

@McKinsey_MGI

5 years

Cross-border trade in services generate far more economic value than what’s been captured in traditional trade statistics, including the contributions of value added services to physical goods

Globalization in Transition

The rules of commerce are being rewritten, with technology and tech-savvy labor forces playing important roles, says CIO Journal Columnist Irving Wladawsky-Berger.

www.wsj.com

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McKinsey Global Institute

@McKinsey_MGI

6 years

Companies that fully absorb AI over the next five to seven years may double their cash flow; those who don’t could see cash flow decline by about 20%.

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McKinsey Global Institute

@McKinsey_MGI

7 years

Even bigger than the hype? Our report shows potential economic impact of #IoT #CES2018

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McKinsey Global Institute

@McKinsey_MGI

8 years

Our income #inequality report @martinwolf_ refers to in his @FT column today is here

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McKinsey Global Institute

@McKinsey_MGI

5 years

New report: Concerted & creative new solutions are needed to enable women to seize new opportunities in the #automation age; without them, women may fall further behind in the #futureofwork #AI #ThePowerof Parity #WD2019 @McKinsey @WomenDeliver

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McKinsey Global Institute

@McKinsey_MGI

1 year

Large companies in #Africa can unlock $550 billion in growth by 2030; opportunities in services, oil and #gas , and mining and metals abound, according to our latest analysis. Read more:

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McKinsey Global Institute

@McKinsey_MGI

6 years

#AI and #automation will create more jobs than they destroy, according to most of our scenarios to 2030. But many jobs will change and require different skills.

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McKinsey Global Institute

@McKinsey_MGI

7 years

Robots can’t yet replace human creativity – artists, writers, and musicians may see job demand increase in a midpoint automation scenario, especially in developing economies. #NewWorldOfWork

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McKinsey Global Institute

@McKinsey_MGI

7 years

Here’s how much of your job can be done by a robot via @FT citing MGI data

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McKinsey Global Institute

@McKinsey_MGI

7 years

Recent advances in robotics, #machinelearning , and #AI are pushing the frontier of what machines are capable of doing in business and the economy. Our #2 trending topic we researched in 2017: What’s next in digital & AI.

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McKinsey Global Institute

@McKinsey_MGI

8 years

In Europe's 5 largest economies, 54 million workers and $1.7 trillion in wages are associated with activities that could be #automated

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McKinsey Global Institute

@McKinsey_MGI

6 years

What skills will be in demand in the workplace by 2030? @SusanLund_DC describes how #automation and #AI will accelerate the technological skills and social and emotional and skills to meet increasingly digital job requirements. #laborday #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

6 years

The value of various #AI techniques depends on the industry and application. Retailers could find high impact from feed forward networks. For #insurance recurrent #neuralnetworks could be more relevant. #infographic #heatmap #dataviz

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McKinsey Global Institute

@McKinsey_MGI

6 years

“Everybody’s job is going to look different by 2030,” says @SusanLund_DC #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

6 years

#Construction is one of the least digitized industries in the world. Here’s how to change that.

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McKinsey Global Institute

@McKinsey_MGI

6 years

“Everybody’s job is going to look different by 2030,” says @SusanLund_DC #futureofwork

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McKinsey Global Institute

@McKinsey_MGI

7 years

What occupations will see growth in the future? Would you believe that artists and builders are likely to be in demand? Learn why in our latest report on the #NewWorldOfWork

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McKinsey Global Institute

@McKinsey_MGI

5 years

Why the impact of AI and automation will play out differently depending on where you live

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McKinsey Global Institute

@McKinsey_MGI

6 years

"The jobs disappear, and then we train people for new jobs. We won’t protect jobs. But we will protect workers," says the Swedish minister for employment and integration. How #Sweden is preparing for #AI and #automation

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McKinsey Global Institute

@McKinsey_MGI

6 years

The greatest potential value impact from using #AI could be #marketing & sales, followed by #supplychainmanagement & #manufacturing .

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McKinsey Global Institute

@McKinsey_MGI

6 years

China becoming a global digital force - 1 in 3 of the world’s “unicorns” (startups valued at $1 billion or more) are located in China.

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McKinsey Global Institute

@McKinsey_MGI

6 years

We found that the greatest potential for #AI to create value is in use cases where neural network techniques could either provide higher performance than established analytical techniques or generate additional insights and applications.

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McKinsey Global Institute

@McKinsey_MGI

6 years

18 emerging economies have grown rapidly over the past 20 years. What’s their secret sauce? 1: A pro-growth policy agenda. 2: Highly competitive large companies.

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McKinsey Global Institute

@McKinsey_MGI

6 years

Social and emotional skills – these human traits we can’t yet automate – are expected to rise in demand by 24% by 2030. #skillshift #futureofwork #laborday #AI #automation

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McKinsey Global Institute

@McKinsey_MGI

5 years

“Automation doesn’t generally eliminate jobs. Automation generally eliminates dull, tedious, and repetitive tasks. If you remove all the tasks, you remove the job. But that’s rare,” says Hal Varian

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McKinsey Global Institute

@McKinsey_MGI

5 years

#India is the second fastest digitizing economy after Indonesia when compared to 17 mature and emerging economies, including the US, UK, China, and Brazil

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McKinsey Global Institute

@McKinsey_MGI

6 years

We mapped both traditional #analytics and newer #deeplearning techniques, and the problems they can solve, to more than 400 specific use cases in companies and organizations. Here’s what we learned. #AI #artificialintelligence #advancedanalytics

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