• Where is the ‘Malta’ of Asia?

    The digital economy has given rise to megacities like London, Singapore, Hong Kong, and New York. A recent McKinsey study indicated that 600 cities across the world are creating over 60% of the global GDP and over 130 new cities are expected to enter the top 600 by 2025 , all of them from developing countries and 100 new cities from China. These cities are becoming smarter and will benefit from the fourth industrial revolution.Connectivity , human capital , use of internet service, integration of digital technology , and digital public services are indicators used to measure the success and impact of a digital economy.However, this is the case for developed cities. What about the other side?The Case of Emerging EconomiesIndia is a fine example. In spite of a proactive approach to digitise (...)

    #blockchain-technology #blockchain #malta #cryptocurrency #telangana

  • OxyContin Maker Explored Expansion Into “Attractive”… — ProPublica

    Secret portions of a lawsuit allege that Purdue Pharma, controlled by the Sackler family, considered capitalizing on the addiction treatment boom — while going to extreme lengths to boost sales of its controversial opioid.

    In internal correspondence beginning in 2014, Purdue Pharma executives discussed how the sale of opioids and the treatment of opioid addiction are “naturally linked” and that the company should expand across “the pain and addiction spectrum,” according to redacted sections of the lawsuit by the Massachusetts attorney general. A member of the billionaire Sackler family, which founded and controls the privately held company, joined in those discussions and urged staff in an email to give “immediate attention” to this business opportunity, the complaint alleges.

    The sections of the complaint already made public contend that the Sacklers pushed for higher doses of OxyContin, guided efforts to mislead doctors and the public about the drug’s addictive capacity, and blamed misuse on patients.

    Citing extensive emails and internal company documents, the redacted sections allege that Purdue and the Sackler family went to extreme lengths to boost OxyContin sales and burnish the drug’s reputation in the face of increased regulation and growing public awareness of its addictive nature. Concerns about doctors improperly prescribing the drug, and patients becoming addicted, were swept aside in an aggressive effort to drive OxyContin sales ever higher, the complaint alleges.

    Among the allegations: Purdue paid two executives convicted of fraudulently marketing OxyContin millions of dollars to assure their loyalty, concealed information about doctors suspected of inappropriately prescribing the opioid, and was advised by global consulting firm McKinsey & Co. on strategies to boost the drug’s sales and burnish its image, including how to “counter the emotional messages” of mothers whose children overdosed. Since 2007, the Sackler family has received more than $4 billion in payouts from Purdue, according to a redacted paragraph in the complaint.

    The redacted paragraphs leave little doubt about the dominant role of the Sackler family in Purdue’s management. The five Purdue directors who are not Sacklers always voted with the family, according to the complaint. The family-controlled board approves everything from the number of sales staff to be hired to details of their bonus incentives, which have been tied to sales volume, the complaint says. In May 2017, when longtime employee Craig Landau was seeking to become Purdue’s chief executive, he wrote that the board acted as “de-facto CEO.” He was named CEO a few weeks later.

    After its 1996 launch, OxyContin rapidly became a top seller. But reports of patients abusing the drug soon followed. OxyContin contained more pain relief medication than older drugs, and crushing and snorting it was a simple way to get high fast. In 2007, Purdue pleaded guilty to federal charges of understating the risk of addiction and agreed to pay $600 million in fines and penalties. Still, the company argued publicly that OxyContin has “done far more good than harm,” and it sought to place responsibility for the bad acts on “certain of its supervisors and employees.”

    Privately, the complaint suggests, the Sacklers were concerned about alienating two executives, then-CEO Michael Friedman and then-legal counsel Howard Udell. Friedman and Udell each pleaded guilty in 2007 in U.S. District Court in Abingdon, Virginia, to a misdemeanor charge of misbranding OxyContin, as did a former executive. The board signed off on the three executives’ decisions to plead guilty. No member of the Sackler family pleaded guilty.

    Purdue paid $5 million to Udell in November 2008, and up to $1 million in November 2009, the complaint states. In February 2008, the company paid $3 million to Friedman. The complaint doesn’t mention any payments to the former executive.

    “The Sacklers spent millions to keep the loyalty of people who knew the truth,” the complaint alleges.

    Udell died in 2013. A person answering a phone number listed to Friedman declined comment.

    When sales results disappointed, Sackler family members didn’t hesitate to intervene. In late 2010, Purdue told the family that sales of the highest dose and most profitable opioids were lower than expected, according to the complaint. That meant an expected quarter-end payout to the family of $320 million was at risk of being reduced to $260 million and would have to be made in two installments in December instead of one in November.

    That news prompted a sharp email question from Mortimer D.A. Sackler, whose late father, also named Mortimer, was a Purdue co-founder. “Why are you BOTH reducing the amount of the distribution and delaying it and splitting it in two?” he asked. “Just a few weeks ago you agreed to distribute the full 320 [million dollars] in November.” The complaint doesn’t say how much was ultimately paid.

    In September 2014, Purdue embarked on a secret project to join an industry that was booming thanks in part to OxyContin abuse: addiction treatment medication. Code-named Project Tango, it involved Purdue executives and staff as well as Dr. Kathe Sackler, a daughter of the company co-founder Mortimer Sackler and a defendant in the Massachusetts lawsuit. She participated in phone calls and told staff that the project required their “immediate attention,” according to the complaint.

    Internally, Purdue touted the growth of an industry that its aggressive marketing had done so much to foster.

    “It is an attractive market,” the team working on the project wrote in a presentation. “Large unmet need for vulnerable, underserved and stigmatized patient population suffering from substance abuse, dependence and addiction.”

    While OxyContin sales were declining, the internal team at Purdue touted the fact that the addiction treatment marketplace was expanding.

    “Opioid addiction (other than heroin) has grown by ~20%” annually from 2000 to 2010, the company noted. Although Richard Sackler had blamed OxyContin abuse in an email on “reckless criminals,” the Purdue staff exploring the new business opportunity described in far more sympathetic terms the patients whom it now planned to treat.

    “This can happen to any-one – from a 50 year old woman with chronic lower back pain to a 18 year old boy with a sports injury, from the very wealthy to the very poor,” it said.

    Company documents recommended becoming an “end-to-end pain provider.” Initially, Purdue intended to sell one such medication, Suboxone, which is commonly retailed as a film that melts in the mouth. When Kathe Sackler asked staff members to look into reports that children might be swallowing the film, they reassured her. They responded, according to the complaint, that youngsters were overdosing on pills, but not the films, “which is a positive for Tango.”

    In 2015, Purdue turned its attention to another potential product, the overdose reversing agent known as Narcan, calling it a “strategic fit.” Purdue executives discussed how its sales force could promote Narcan to the same doctors who prescribed the most opioids. Purdue said in the statement Wednesday that it decided against acquiring the rights to sell Suboxone and Narcan.

    While those initiatives appear to have stalled or ended, Richard Sackler received a patent last year for a drug to treat addiction, according to the complaint. The patent application states that opioids are addictive and refers to people who suffer from substance use disorders as “junkies.”

    #Opioides #Sackler

  • IoT’s upcoming trends and business opportunities

    Earlier what was called machine to machine was merely an idea and now IoT which is a giant network of connected things is no longer a nascent dream. McKinsey predicts the IoT market will be worth $581B for ICT-based spend alone by 2020, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15%. According to Statista, for 2020, the installed base of Internet of Things devices is forecast to grow to almost 31 billion worldwide. “The IoT will continue to deliver new opportunities for digital business innovation for the next decade, many of which will be enabled by new or improved technologies,” said Nick Jones, research vice president at Gartner. Whether you are thinking of creating your own IoT startup or considering adding IoT applications to your business or just inquisitive, it (...)

    #software-development #internet-of-things #technology-trends #technology #artificial-intelligence

  • #McKinsey & Company — Wikipédia

    En 2018, McKinsey a été classé à la première position du classement Vault[3] des cinquante meilleurs cabinets de conseil mondiaux, et a été jugé l’employeur post-MBA le plus attrayant par les diplômés des dix programmes #MBA les plus sélectifs[4]. En 2007, seize CEO d’entreprises mondiales cotées à plus de 2 milliards de dollars étaient des anciens de McKinsey & Company, classant l’entreprise comme la plus fertile en futurs CEOs (classement USA Today 2008[5]).

    The iconic U.S. company raising the stature of corrupt governments around the world | The Seattle Times

    McKinsey’s clients have included the Saudis, Turkey, Ukraine, China and Kremlin-linked firms in Russia. The company defends its work around the world, saying that it will not accept jobs at odds with its values.


  • Melinda Gates’ New Research Reveals Alarming Diversity Numbers | WIRED

    Point de vue de milliardaire : Nous sommes en mal d’ engineers (à l’américaine) pour nos boîtes et mes copines n’arrivent toujours qu’avec les armes d’une femme traditionnelle à contrôler les affaires de leurs maris. En plus nous rendons les system instable qui nous nourrit si nous acceptons que les différences de race freinent la promotion des êtres les plus doués.

    C’est très bien si MG met à disposition une petite partie de ses milliards pou aider les femmes défavorisées. C’est déjà moins bien quand c’est fait dans la perspective de pouvoir encore mieux nous contrôler et exploiter. Elle est peut-être en train de préparer le chemin pour la première femme présidente des États Unis qui ne sera toujours que la représentante d’une association de malfaiteurs et de ses bandes armées.

    Alors que faire pour récupérer sa fondation afin de former les révolutionnaires dont nous, les petits gens avons besoin ? Il ne faut pas se contenter d’une part de gateau. Il faut mettre la main sur la pâtisserie entière ;-)

    The report arrives two years after Melinda Gates announced plans to build up a personal office, Pivotal Ventures, to dedicate resources and attention to supporting women in tech.

    EXECUTIVES AT TECH companies say gender diversity matters. They opine that there aren’t enough women in tech, and express outrage and frustration that just 11 percent of senior tech leaders are women. But in reality they spend very little of their philanthropic dollars attempting to close this gender and race gap, according to new research released today by Melinda Gates in partnership with McKinsey & Company.

    Last year, according to the report, only 5 percent of companies’ philanthropic giving went to programs that focused explicitly on women and girls in tech. And less than 0.1 percent of their grants went to programming for women of color—a group whose representation in tech is getting worse. Over the past decade, the ratio of black, Latina, and Native American women receiving computing degrees has dropped by a third, from 6 percent to just four percent.

    The companies investigated found that last figure so alarming that twelve of the 32 participants are taking immediate action. They’re uniting to form the Reboot Recognition Tech Coalition, a joint effort by companies like Microsoft, Qualcomm, and LinkedIn to close the gender gap for women of color in tech. They aim to double the number of underrepresented women of color graduating with computer science degrees by 2025, and they’re collectively pledging $12 million toward this goal over three years. This group will coordinate to direct their giving collectively, with the twin goals of creating a set of guidelines that will revamp the computer science major to appeal more to women of color and while building dedicated communities that will support these women within the industry, among other things.

    Gates has long contended that collecting data is critical to addressing the social challenges she has spent the second part of her career tackling as a philanthropist; companies may say they care deeply about problems, but until the research exists to show them exactly what the problem looks like, how it’s changing, and what measures have been shown to be effective in addressing it, not much changes. It’s the same insight Tracy Chou had when, as a programmer at Pinterest in 2013, she published a Medium post asking her peers to contribute the number and percentage of female engineers they employed.

    The report arrives two years after Gates announced plans to build up a personal office, Pivotal Ventures, to dedicate resources and attention to supporting women in tech—in addition to the work she does with the Bill & Melinda Gates Foundation. When we spoke about it then, she voiced the need for more research. “I can’t go convince governments to work on female issues unless I have data,” she said, adding, “Transparency is one of the first things that makes change.”

    Entitled “Reboot Representation: Using CSR and Philanthropy to Close the Gender Gap in Tech,” the report reviews how 32 large tech companies, including Google, eBay and Salesforce have worked internally to support women and close the gender gap. Taken together, these companies brought in $500 billion in sales last year, and they spent more than $500 million on philanthropy. Of that, $24 million went to support programming for women and girls and just $335,000 targeted at programs aimed at women of color.

    In addition to surveying companies about their existing strategies, researchers spoke with more than 100 leaders in the field to determine what strategies were proving effective. The resulting research forms a playbook for companies interested in promoting and supporting gender diversity more effectively. It includes tips for what makes programs successful, advice on how to pick and set a strategy that is in line with a company’s business objectives, and a self-assessment to help companies figure out whether their efforts are working.

    Researchers discovered that companies often didn’t spend their money in data-driven research-underlined ways: Two-thirds of the the companies surveyed concentrated their funding on programs for kids between kindergarten and 12th grade, while research suggests that programs targeting college-age women to bolster their enthusiasm for the field before they choose majors and commit to a career, were more effective. “Few invest philanthropically earlier in higher education to build the cohort they will ultimately recruit from,” write the reports’ authors.

    What’s more, companies rarely coordinate these philanthropic efforts. Within an institution, there are often multiple people working on gender and racial parity, within in human resources, diversity and inclusion teams, or as part of a corporate social responsibility strategy. Yet there’s rarely one person overseeing it all.

    The most important things companies can do, according to Gates, is coordinate these efforts. That’s why she’s excited about the potential of the coalition. As she blogged today, “By working together, they will be able to reach more young women.” The answer to the everyone-in-hoodies problem is not a silver bullet, but a concentrated, industry-wide effort to solve problems the way computer scientists solve problems: methodically, by collecting data, understanding the issues, and testing strategies until the problem is solved.

    #féminisme_de_droite #nantis #ONG

  • Lean #strategy for Web 3.0

    I recently came across this new McKinsey report which measures the “strategic value” of #blockchain and distributed ledger technologies.I didn’t hate it. The report adequately explained blockchain, debunked a few common myths, and presented a not-unproductive framework for blockchain use cases. As a former consultant at Bain, I dig these sort of reports.But then I got to the 2x2 matrix — a classic consulting tool typically used to help companies navigate a sea of strategic opportunities. The matrix grades both industries and industry-specific use cases by scoring the potential impact of blockchain as well as the feasibility of realizing that potential. While such a tool is easy on the eyes, I suspect that it is far from accurate.McKinsey prioritization framework for blockchain‘Legacy’ (...)

    #decentralized-web #web-3-point-0 #lean-strategy-for-web

  • Container shipping : More mergers, better mergers | McKinsey & Company

    A few precepts can help industry players better manage mergers and the integration process.

    The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders. As container lines search for successful paths forward, they need to first determine what their strategy and potential role in the continuing industry consolidation will be. While mergers will continue, they do not need to be feared, just managed—and the guidelines in this article provide a starting point.

    #transport #container #mer #transport_maritime

  • Think-Cell Ranges with Arno Schödl

    Rob and Jason are joined by Arno Schödl to talk about the work he does at think-cell with C++ and their custom range library. Arno Schödl, Ph.D. is the Co-Founder and Technical Director of think-cell Software GmbH, Berlin. think-cell is the de facto standard when it comes to professional presentations in Microsoft PowerPoint. Arno is responsible for the design, architecture and development of all our software products. He oversees think-cell’s R&D team, Quality Assurance and Customer Care. Before founding think-cell, Arno worked at Microsoft Research and McKinsey & Company. Arno studied computer science and management and holds a Ph.D. from the Georgia Institute of Technology with a specialization on Computer Graphics. News Pacific++ 2017: Sarah Smith "Postcards from the (...)

  • How #McKinsey quietly shaped Europe’s response to the refugee crisis

    Germany has paid McKinsey 29.3 million euros, the equivalent of nearly $34 million, for work with the federal migration office that began in October 2015 and continues to this day. The office also brought in two Europe-based firms, #Roland_Berger and #Ernst_&_Young.

    Among McKinsey’s projects has been the development of fast-track arrival centers with the capacity to process claims within days. The company’s work on migration issues also has taken its consultants to Greece and Sweden. This year, McKinsey submitted a bid for a project with the United Nations.

    Experts in international law said the German case illustrates risks associated with McKinsey’s input. Today, asylum decisions handed down by the federal migration office come faster but are leaving an increasing number of migrants with fewer rights, above all the right to family reunification, triggering hundreds of thousands of appeals that have created a new backlog — not in asylum centers, but in German courts.

    “We’re not used to seeing business consultants brought into the process,” said Minos Mouzourakis of the Brussels-based European Council on Refugees and Exiles. “McKinsey and others developed a system for more efficient management of asylum cases to make sure that the backlog of cases could be cleared. This led to a substantial number of decisions being taken, but with a significant drop in quality.”
    #Allemagne #privatisation #consulting #Grèce #Suède #asile #migrations #réfugiés #procédure #accélération_des_procédures #fast-track #management

    via @isskein

  • Education nationale : « 9-3 », v’là les renforts des grandes écoles

    Le projet #Teach_for_France est né dans le bureau de la ministre de l’#Education nationale Najat Vallaud-Belkacem, en 2015, sous l’impulsion de Nadia Marik, ancienne directrice adjointe chargée de la stratégie et du développement de Sciences-Po et veuve de son ancien directeur Richard Descoings. Il est la version française du réseau Teach for All, un concept imaginé par Wendy Kopp, étudiante à l’université de Princeton, qui créa Teach for America en 1990. Son ambition ? Permettre à des diplômés des plus grandes universités d’enseigner deux ans dans les zones les plus défavorisées des Etats-Unis, afin de corriger les inégalités scolaires.

    [...] Pour être acceptés, les quelque 60 postulants [pour la rentrée prochaine] ont dû préparer une minileçon sur un sujet et dans la discipline de leur choix, répondre collectivement à une question pédagogique donnée et passer un entretien individuel. Le tout devant un jury composé de personnalités issues de l’Education nationale mais aussi du privé, telles qu’un membre des ressources humaines de L’Oréal.

    Si les enseignants sont rémunérés par l’Education nationale au même salaire que les autres contractuels, Teach for France reçoit des subventions du ministère de la Ville, de la Jeunesse et des Sports ainsi que d’entreprises partenaires comme AT Kearney, Eurazeo et Western Union. Un mélange des genres critiqué par les syndicats enseignants.

    « Teach for France », un danger pour l’école publique

    Qui finance le réseau [Teach for All] ?

    Maria Noland : Ce sont des multinationales. Elles profitent de leur implantation locale pour développer le réseau et se coordonnent pour transformer l’école en marché grâce au soutien de cabinets de conseil. Par exemple, le cabinet d’affaires et de conseil McKinsey & Company, implanté dans des dizaines de pays dont la France, est l’un des principaux donateurs. Il est à la fois capable d’analyser ce qui ne va pas et d’avancer des solutions. Ainsi, la création de Teach First en Grande-Bretagne a suivi la publication d’un rapport sur les inégalités scolaires signé par McKinsey & Co. En Belgique, la compagnie vient de participer à l’élaboration d’un rapport facturé 38 000 euros au gouvernement. Et a inspiré la réforme de l’éducation. Des cadres dirigeants des entreprises pilotent les réseaux locaux. Bernard Ramanantsoa, administrateur de Teach for France, a travaillé avec le cabinet McKinsey & Co. Il fréquente également les cabinets ministériels et la haute fonction publique comme conseiller. Laurent Bigorgne, le vice-président de Teach for France, est aussi un proche du pouvoir nommé par l’ancienne ministre de l’Enseignement supérieur [Geneviève Fioraso] au comité Sup’Emploi. Il dirige l’Institut Montaigne, un think tank ouvertement néolibéral et favorable à la réduction du budget de l’éducation.


  • Against Chelsea Clinton

    McKinsey (2003–2006)

    After graduating high school, Chelsea goes to Stanford and gets a degree in history and then goes to Oxford and gets a degree in international relations. So far, so banal.

    But after Oxford, Chelsea Clinton signed up with McKinsey, a consulting company known as an elite business training corps. She was the youngest in her class, hired at the same rank as those with M.B.A. degrees. Her interview was more like a conversation, said D. Ronald Daniel, a senior partner. “That’s why she was a good consultant, because we are professional question-askers and professional listeners,” Mr. Daniel said.  —  New York Times

    Despite having no background in business, statistics, or any other related field, Chelsea gets hired by McKinsey straight out of Oxford alongside elite business school graduates. The interview process for that was “more like a conversation.”

    Avenue Capital Group LLC (2006–2009)

    After three years at McKinsey, Chelsea moves on to Avenue Capital Group LLC, a hedge fund run by Marc Lasry. The Times describes Lasry as “a loyal donor to Democratic causes generally, and Clinton-related ones specifically.” Bloomberg calls Lasry “close to the Clinton family and a long-time donor to Democrats.”


  • Belgique McKinsey : la multinationale qui s’installe à l’ULB Solidaire, Caroline De Bock 3 Novembre 2016

    McKinsey, une multinationale de la consultance, a une stratégie bien huilée pour s’implanter dans le paysage de l’enseignement en Belgique.

    Le Vif publiait récemment un article au titre éloquent : « Enseignement : l’étrange omniprésence des consultants de McKinsey ». L’entreprise a en effet été chargée par l’ex-ministre Joëlle Milquet de la consultance pour le Pacte d’Excellence, qui vise à réformer l’enseignement obligatoire. Des travailleurs de l’enseignement ou membres des syndicats et d’associations actives dans le dossier y témoignaient notamment : « L’enjeu de sa présence dans les travaux liés au Pacte d’Excellence est clairement de peser sur les politiques d’éducation ».

    McKinsey prévoit aussi de s’implanter dans le supérieur. Le lundi 10 octobre, le BEA, l’organe représentatif des étudiants de l’ULB, faisait savoir que « M. Englert, nouveau recteur de l’ULB, a exposé (…) un projet de partenariat avec l’entreprise de consulting McKinsey – dont l’un des anciens membres n’est autre que l’actuel président du Conseil d’Administration de l’ULB. L’entreprise financerait partiellement la construction, en échange de quoi l’ULB s’engagerait à lui louer une partie du bâtiment. »

    Le profit des sociétés ou le profit de la société
    Pourtant, McKinsey est clair dans ses intentions. Dans son rapport « Education to Employment – get Europe’s youth into work », l’entreprise affirme qu’ « une raison importante expliquant le taux de chômage chez les jeunes est un manque de compétences pertinentes pour le lieu de travail », qu’il faut que l’enseignement forme les jeunes dans ce sens, et se lie donc davantage aux entreprises.

    En filigrane, on peut y lire une vision de l’enseignement et de la recherche qui réponde strictement au besoin des actionnaires de faire fructifier leurs dividendes, et qui soit même un business en tant que tel. « Le consultant considère en effet l’école comme une entreprise d’enseignement », lit-on encore dans l’article du Vif.

    Le conseil étudiant de l’ULB dénonce également un problème symptomatique de la logique à l’œuvre dans la coopération avec McKinsey : le manque de transparence dans l’université. Les autorités voulaient en effet garder secret ce dossier, allant jusqu’à faire pression sur des étudiants administrateurs.

    Sous-financement chronique
    Les autorités de l’ULB affirment qu’il n’y a pas d’alternative à un financement extérieur privé, à cause du sous-financement de l’enseignement. Or elles ont récemment décidé d’investir plusieurs millions dans un nouveau bâtiment pour le rectorat alors que l’ancien était tout à fait utilisable. Ces millions auraient pu être investis dans la rénovation du grand auditoire Janson pour qu’il arrête de pleuvoir sur les étudiants, ou encore dans la construction du bâtiment de la Plaine afin d’éviter d’avoir recours à McKinsey.
    Cela dit, cet épisode montre comment le sous-financement chronique de l’enseignement pousse à sa privatisation. Un refinancement public de l’enseignement est indispensable afin de garantir un enseignement de qualité, public et accessible à tous.

    #Université #union_européenne #consultant #ULB #Délabrement
    #McKinsey #multinationales

  • Container Operators China Shipping Group, CMA-CGM Form Ocean Alliance - WSJ

    Some of the world’s biggest container operators, including China’s Cosco Group and France’s CMA CGM, agreed to form a new shipping alliance that will rival the dominance of giants Maersk Line and Mediterranean Shipping Co. in the lucrative Asia-to-Europe ocean trade.

    The new grouping, to be called the Ocean Alliance, also will include Hong Kong’s Orient Overseas Container Line and Taipei-based Evergreen Marine.

    The formation of the alliance is subject to regulatory approvals from the U.S., the European Union and China, all of which have closely scrutinized a series of full-blown tie-ups and looser partnerships recently in the container-shipping business.

    The Wall Street Journal reported the formation of the alliance on Tuesday.

    Et voilà ce que nous avions fait pour le rapport méga navires de l’OCDE :

    Mais c’est de 2014, il va falloir profondément remettre ce truc à jour.

    #container #transport_maritime #alliances #méga_navires

  • Automating the insurance industry | McKinsey & Company

    The insurance industry—traditionally cautious, heavily regulated, and accustomed to incremental change—confronts a radical shift in the age of automation. With the rise of digitization and machine learning, insurance activities are becoming more automatable and the need to attract and retain employees with digital expertise is becoming more critical.

    Our colleagues at the McKinsey Global Institute (MGI) have been exploring the implications of workplace automation across multiple industries. Although their preliminary report cautions that “activities” differ from “occupations” (the latter being an aggregate of the former), it presents some stark conclusions: for example, automation will probably change the vast majority of occupations, and up to 45 percent of all work activities in the United States, where MGI performed its analysis, can be automated right now with current technology.

    #économie #travail

  • The clown prince: Muhammad bin Salman’s plans for Saudi Arabia

    In an interview for the latest issue of the Economist magazine, Prince Muhammad talked effusively about his plans for transforming the Saudi economy through new taxes, mass privatisation and the sale of national assets – a plan reportedly developed with help from the multinational consulting firm, McKinsey & Co. 

    Asked by the Economist if what he has in mind is “a Thatcher revolution for Saudi Arabia”, the prince replied: “Most certainly.”

    What this points to, though, is not just an economic upheaval but a political one too. It’s the classic pre-revolutionary scenario, seen many times in history, where an expiring regime attempts to reform – only to discover it has left things far too late.

  • Obese outnumber undernourished | News | Health | M&G

    C’est un peu idiot d’opposer le #surpoids et l’#obésité à la sous-nutrition, les personnes obèses sont victimes d’une #alimentation de mauvaise qualité.

    Overweight or obese people now outnumber those who are undernourished by nearly two and a half times, a discussion paper of the McKinsey Global Institute, the business and economics research arm of global management consulting firm McKinsey and Company, has found.

    The report states that more than 2.1-billion people – nearly 30% of the global population – are overweight or obese.

    It also found that if the percentage of overweight and obese people continues to increase at its current rate, almost half of the world’s adult population will be overweight or obese by 2030.

    But South Africa is already past the halfway mark: according to a 2014 study published in the Lancet, seven out of 10 women and four out of 10 men are overweight or obese.


  • Where to look for global growth | McKinsey & Company

    For the last 50 years, the world economy has benefited from a demographic boom that has contributed 1.8 percent to average annual global GDP increases, helping to generate an unprecedented level of growth.1 This demographic tailwind is coming to an end. With populations aging and fertility rates dropping around the world, the growth rates of the past 50 years may prove to be the exception, not the rule. The latest research of the McKinsey Global Institute (MGI) suggests that unless increases in labor productivity compensate for an aging workforce, the next 50 years will see a nearly 40 percent drop in GDP growth rates and a roughly 20 percent drop in the growth rate of per capita income around the world.

    #économie #croissance

  • La carte des 4,4 milliards de personnes sans Internet

    Un monde hyperconnecté, une société de la communication et des échanges... A force de le lire et de l’écrire, on aurait tendance à croire que cette hyper présence est valable pour tout le monde. Sauf qu’il n’en est rien : près de 4,4 milliards de personnes restent sans accès à Internet, selon la dernière étude du cabinet McKinsey & Company. Soit plus de 60% des quelque 7,125 milliards d’humains dénombrés sur la planète en 2013, à en croire les chiffres de la Banque mondiale.

    #internet #accès #carte #visualisation #fracture_numérique

  • Quelles nouvelles orientations technologiques ? - McKinsey & Company

    « Allons-nous être, dans les décennies à venir, confrontés à la question de savoir si nous sommes capables de créer un système économique qui s’adapte et change aussi rapidement que notre système technologique ? » interroge Erik Brynjolfsson.  Tags : internetactu2net fing internetactu

  • Leaks reveal secrets of the rich who hide cash offshore | UK news | The Guardian

    Millions of internal records have leaked from Britain’s offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.

    The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.

    #leak #paradis_fiscaux #évasion_fiscale #technocratie #ploutocratie - à suivre

    The names have been unearthed in a novel project by the Washington-based International Consortium of Investigative Journalists [ICIJ], in collaboration with the Guardian and other international media, who are jointly publishing their research results this week.