McKinsey Digital

With optimism rising over improving financial conditions, executives are eager to seize new venture building opportunities — especially with emerging digital innovations like generative AI. Our research finds that out of 1,100 executive leaders, over half of surveyed CEOs rate new venture building as a top strategic priority, with 60% expressing eagerness to pursue gen-AI-enabled ventures within the next five years. Explore our fifth annual McKinsey Global Survey on new-venture building for data-driven insights into how executives are leveraging new venture building opportunities to drive growth: https://mck.co/4go4g6V #NewVentureBuilding #LeapbyMcKinsey #Growth #GrowthStrategy

“Companies have gone out and tried to hire all the Silicon Valley cool kids. That’s a good way to change the company dress code, but it doesn’t actually drive sustained business performance.” McKinsey Senior Partner Rodney W. Zemmel understands that for companies to fully realize AI’s value, they’ll need to prioritize upskilling their existing talent pool instead of new recruitment. This was just one of the highlights from this year’s Fortune Global Forum, where Zemmel joined panelists Barbara Humpton (Chief Executive Officer, Siemens USA), Tim Wennes (Chief Executive Officer, Santander US), Alex Zhavoronkov (Chief Executive Officer, Insilico Medicine) and moderator Andrew Nusca (Fortune) for a discussion on gen AI’s transformative impact across the economy, and potential to reshape the future of work: https://bit.ly/3ON30yt #McKinseyDigital #AI #ArtificialIntelligence #Fortune

It’s a wrap on our experience at AWS re:Invent – and what a week it’s been! The excitement has been palpable throughout, with so many insightful panels and inspiring conversations around the future of AI, cloud, digital, and technology as a whole. Thank you to all our amazing guests for joining us and making this week even more special. Stay tuned for more insights from this year’s event and you can also check out https://bit.ly/4gjYjYT to explore some of our newest thought leadership features in the next week. #McKinseyAtReInvent #McKinseyDigital #AWSreInvent #NeverJustTech

Exciting things are happening at AWS re:Invent in Las Vegas, and it has been such a great couple of days so far! 🌟 From groundbreaking insights to transformative tech solutions, we’re proud to be working with organizations to shape the future of all industries together. Check out this interesting perspective from one of our Partners on the ground at the conference! 🎥 You can also catch up on this week’s agenda and all the action at mckinsey.com/reinvent - we’ll be sharing more updates soon. Stay tuned! 🚀 #McKinseyAtReInvent #McKinseyDigital #AWSreInvent #NeverJustTech

Conversations with tech leaders suggest a fundamental evolution is under way in how their teams work, extending far beyond today’s use of gen AI tools to increase individual productivity. Instead, leaders will restructure entire processes and workflows within every enterprise technology domain to integrate human and AI teams and enable peak human productivity and creativity. For instance, teams may evolve with two new patterns of interaction: ‘Factory’ and ‘Artisan’. In the Factory model, gen AI agents fully automate routine business tasks, while the Artisan model uses gen AI to augment the strategic and creative work of employees. As shown in the graph below, these models can unlock value in areas like custom code generation, IT help desk support, knowledge management, and user acceptance testing in software engineering. Our partners James Kaplan, Mark Gu, and Megha Sinha examine four gen AI shifts that will reshape business domains over the next decade: https://mck.co/41gd7mT #McKinseyDigital #GenerativeAI #DigitalTransformation #SoftwareEngineering

It’s day three of our stay at AWS re:Invent in Las Vegas – and what a week it’s been! Today’s top highlight is our networking reception from 4 - 6pm PST, when we’ll be convening senior leaders across industries to share ideas, make connections, and enjoy some hors d’oeuvres. Check out our agenda for today 👇 → Commercial excellence in media and entertainment: How to grow through better monetization. Join McKinsey Senior Partner Marc Brodherson and Associate Partner Clemens Schwaiger for this exclusive roundtable. → The next evolution of AI-driven product development: Partner Alharith Hussin and Senior Partner Martin Harrysson will discuss how gen AI is transforming how products are developed and deployed. → The future of gen AI in banking. Partners Mohcine Ouass and Sid Tiwari will join Senior Partner Vik Sohoni to discuss the revolutionary potential of gen AI in banking operations, and more. Check our comments for links to register to each of these sessions, or browse through https://bit.ly/3B6ckdF to see what else is planned for the last few days of the week! #McKinseyAtReInvent #McKinseyDigital #AWSreInvent #NeverJustTech

AI, robotics, cloud infrastructure, and countless other technical marvels are creating massive opportunities for business growth — at least for organizations that have managed to modernize their digital infrastructure. Yet many companies still rely on legacy infrastructure to support their operations, put off by the costs, time, disruptive nature, and uncertain ROI of digital transformation. Generative AI agents have emerged as a powerful tool across the transformation process, enabling organizations to modernize faster and more cost-effectively by automating manual processes. Our partners from McKinsey Technology and QuantumBlack, AI by McKinsey explore how gen AI agents can drive transformation efforts and reduce technical debt: https://lnkd.in/d-3rMTR5 #McKinseyDigital #QuantumBlack #GenerativeAI #DigitalTransformation

It is day two of our stay here in Las Vegas for AWS re:Invent! Our biggest highlight of the day is our Executive dinner: The new dawn of the tech officer from 6pm - 8:30pm PST – when our Senior Partner and Global Leader of McKinsey Technology Aamer Baig will discuss how to redefine the tech officer’s role for the age of digital and AI. Here’s what else is on the agenda 👇 →Transforming IT with gen AI: our colleagues Pablo Prieto, Ph.D. , Mark Gu, James Kaplan, Zubin Ghafari, Matthew Fitzpatrick, and Dante Gabrielli will discuss key priorities in leveraging AI to transform IT, including tech economics, modernizing legacy systems, and more. → Harnessing space-enabled opportunities: Partner Giacomo Gatto will join Vice President, Worldwide Public Sector Industry Sales at Amazon Web Services Jeffrey Katz to discuss opportunities for businesses across sectors in space. → How to capture value from AI and cloud in consumer goods and retail: join Senior Partner Caroline Tufft and Partner Bogdan Toma for an insightful discussion. Check our comments for links to register to any of these sessions, or browse https://bit.ly/497Bqpf to see what else is on schedule! #McKinseyAtReInvent #McKinseyDigital #AWSreInvent #NeverJustTech

We’re off and running at AWS re:Invent in Las Vegas! We’ve got a packed Day 1, full of insightful discussions and connections - and we’re thrilled to share our expertise on AI, cloud, and countless other digital innovations with the following events of the day! Here’s what’s on the agenda ⬇🧠 → Supercharging automotive and manufacturing with AI and gen AI - McKinsey partners Bernhard Mühlreiter, Dr. Tarek Kasah will join General Manager, Automotive & Manufacturing at Amazon Web Services Ozgur Tohumcu for a roundtable discussion on how gen AI and related technologies can drive operational efficiency across automotive and manufacturing (https://bit.ly/3VB1mUL) → EMEA cocktail reception: Rewiring in the era of gen AI - Senior Partner and Global Leader of QuantumBlack, AI by McKinsey, Alex Singla will join Senior Partner Peter Dahlstrom and Managing Director of Amazon Web Services EMEA Tanuja Randery to host a discussion on the progress of generative AI since its groundbreaking debut, while also delving into how organizations can properly deploy and scale the technology (https://bit.ly/3VcciYs) This is merely the start! You can head to https://bit.ly/4g4gbqq to get a full list of what’s on offer, and stay tuned to our channel for more highlights all week. #McKinseyAtReInvent #McKinseyDigital #AWSreInvent #NeverJustTech

ChatGPT isn’t just benefitting customers - it’s transforming OpenAI itself. Just ask OpenAI CFO Sarah Friar, who recently met with McKinsey senior partner Lareina Yee to share how the company is leveraging ChatGPT to reimagine the finance function and empower employees. Friar also offered insights into how companies are successfully adopting ChatGPT, her extensive tech leadership journey, and the story behind her nonprofit, Ladies Who Launch, designed to provide support to women and nonbinary small business owners. Read or listen to the full conversation here: https://mck.co/3CJii4K #McKinseyDigital #AtTheEdge #ChatGPT #OpenAI #Leadership