Asia–Pacific’s family office boom: Opportunity knocks

  • Post category:McKinsey & Company
  • Reading time:29 mins read

According to McKinsey analysis, between 2023 and 2030, ultra-high-net-worth (UHNW) and high-net-worth (HNW) families in the Asia–Pacific region are set to experience an intergenerational wealth transfer estimated at $5.8 trillion. UHNW families are expected to account for about 60 percent of the total wealth transfer (Exhibit 1), and many are…

Developing the AI strategy for your business

  • Post category:Elixirr
  • Reading time:6 mins read

In the current business landscape, artificial intelligence offers unprecedented opportunities for innovation and growth. Our experts answer the most common questions when it comes to developing an AI strategy to gain a competitive advantage. This article covers key considerations, potential risks and best practices for integrating AI into your business.…

3 proven ways to boost AI usage and make it stick

  • Post category:Microsoft
  • Reading time:6 mins read

One thing we’ve learned about AI at work: if you want to see true business transformation, you need to get a critical mass of your organization using the technology every day. And that means encouraging dozens, hundreds, thousands of people to build entirely new habits, which can be a start-and-stop…

Researchers make mouse skin transparent using a common food dye

Seeing what’s going on inside a body is never easy. While technologies like CT scans, X-rays, MRIs, and microscopy can provide insights, the images are rarely completely clear and can come with side effects like radiation exposure. But what if you could apply a substance on the skin, much like…

Create Your Own Custom AI With AI Studio

We’re starting to roll out AI Studio in the US as a place for people to create, share and discover AIs. Built with Llama 3.1, AI Studio lets anyone create and discover AI characters and allows creators to build an AI as an extension of themselves to reach more fans.…

How Quantum computing will disrupt the telco sector?

  • Post category:Aetha Consulting
  • Reading time:7 mins read

Quantum computation is a rapidly maturing technology with significant disruptive potential. Over the last 4 years alone, the record number of stable qubits has grown by a factor of nearly 18×, with quantum computers used to demonstrate proof-of-concepts in finance, pharmaceuticals, and manufacturing – among other sectors. If this growth…

Meta new AI Model Can Segment Anything, Even Video

Segmentation – identifying which image pixels belong to an object – helps with tasks like analyzing scientific imagery or editing photos. Our original Segment Anything Model released last year inspired new AI-enabled image editing tools in our apps, such as Backdrop and Cutouts on Instagram. SAM has also catalyzed diverse…

HR leaders’ role in M&A: An interview with Lisa Blair Davis

  • Post category:McKinsey & Company
  • Reading time:17 mins read

The HR function plays an important—if often unrecognized—role in M&A. When it comes to bringing together separate businesses, structures, and cultures, “people make all the difference,” says Lisa Blair Davis, the global head of HR for Johnson & Johnson (J&J) MedTech. Davis has seen and helped drive substantial growth in…

Minnesota Enacts Pay Transparency Law to Require Salary Range Disclosure in Job Postings

  • Post category:Seyfarth Shaw LLP
  • Reading time:4 mins read

Seyfarth Synopsis: Minnesota joins the growing number of states to adopt statewide legislation requiring employers to disclose starting salary ranges and other forms of compensation and benefits in postings for open positions.  The law becomes effective January 1, 2025 and applies to employers with 30 or more employees within the…

The Truth Beneath the Economic Misinformation

This commentary originally appeared in Fortune. Writing in the journal Public Opinion 1951, Yale researchers Carl Hovland and Walter Weiss labeled their postwar studies on the trick of persuasive messaging regardless of the truth as “the sleeper effect.” They found that a message lingers through repetition, even if factually unfounded.…

Going all in: Why employee ‘will’ can make or break transformations

  • Post category:McKinsey & Company
  • Reading time:15 mins read

Lasting performance improvements that establish a competitive advantage: What organization doesn’t want that? For a company undergoing transformation, cultivating employee “will” to change the way it operates is critical for success. Organizations that focus on generating this will, along with building critical skills, executing with rigor, and setting a holistic…

What Will It Take to Make Housing More Affordable?

How bad is housing affordability in the U.S.? Is it actually a crisis? There are many ways to define housing affordability, but common indicators point to much higher costs of both owning and renting than what we have seen since pre-COVID times. Average home prices grew more than twice as…

HKEx’s Enhanced Climate Disclosure Requirements

  • Post category:Seyfarth Shaw LLP
  • Reading time:7 mins read

On 14 April 2024, the Stock Exchange of Hong Kong Limited published conclusions to its consultation on the enhancement of climate-related disclosures under its environmental, social, and governance (“ESG”) framework. With effect from 1 January 2025, a new set of rules mandating climate-related disclosures (the “New Requirements”) will be added…

How the Transformation of the European Union into a Defensive Union Threatens to Militarise Europe

The European Union has already militarised Ukraine to the breaking point. It is logical that, out of supposed fear of Russia, the countries of the European Union, which form the first line of contact with Russia from the Baltic to the Black Sea, would embrace additional militarisation. The transformation of…

A look at the technology trends that matter most

  • Post category:McKinsey & Company
  • Reading time:19 mins read

Innovation and interest in the tech sector remain strong, despite market challenges and dips in investment. On this episode of The McKinsey Podcast, McKinsey technology experts Lareina Yee and Roger Roberts share findings from the McKinsey Technology Trends Outlook 2024 report. They talk with editorial director Roberta Fusaro about where innovation is…

When Waste Management Companies Pick Up AI Tools

Topics Data, AI, & Machine Learning AI & Machine Learning Column Our expert columnists offer opinion and analysis on important issues facing modern businesses and managers. More in this series subscribe-icon Subscribe Share Carolyn Geason-Beissel/MIT SMR | Getty Images A Waste Connections garbage truck driver was making his rounds in…

California Legislature Sends Governor Bill Prohibiting Employer ‘Captive Audience’ Meetings

  • Post category:Ogletree Deakins
  • Reading time:4 mins read

Quick Hits California’s SB 399 would limit an employer’s ability to communicate with employees regarding political or religious matters during mandatory meetings. The bill’s definition of “political matters” includes matters relating to union organizing. The act provides employees with a private right of action that includes punitive damages. If signed…

What the real estate industry needs to know about experiential retail

  • Post category:McKinsey & Company
  • Reading time:5 mins read

Experiential retail is a growing way for retailers to draw in shoppers, increase omnichannel sales, and build their brands. Real estate owners and operators that can attract experiential retailers can benefit in multiple ways. Here’s what it takes. Katy McLaughlin: What is experiential retail? Colleen Baum: It’s a format designed…

Wage and Hour Around the Corner – A New Blog Series Chronicling the Brave New World of Wage and Hour

  • Post category:Seyfarth Shaw LLP
  • Reading time:2 mins read

The rules governing the employment relationship are always changing. Laws creating new employer obligations, technology solutions making work more efficient and more complicated, and rules governing the resolution of disputes between employers and their workers are around every corner. Seyfarth’s Wage Hour Litigation Practice Group is excited to announce a…

How to Turn Sustainability Enthusiasm into Action

  • Post category:INSEAD Knowledge
  • Reading time:7 mins read

The biggest sustainability challenge today is not a lack of enthusiasm. We observe many more business leaders every day who are eager to engage in sustainability efforts, driven by factors such as government regulations, societal expectations, stakeholder demands or their own aspirations.The real challenge lies in effectively harnessing this enthusiasm…

German auto industry: Too much gravity

  • Post category:Deutsche Bank AG
  • Reading time:4 mins read

AuthorAnalyst+49(69)910-31730Deutsche Bank Research ManagementRobin WinklerVolkswagens’s recent public considerations to possibly shut down plants in Germany and lay off employees for operational reasons came like a bombshell. Nevertheless, we have been pointing out for some time that the balance between production and employment in the automotive industry in Germany is disturbed.…

Early career researchers win major European funding

Of 3,500 proposals reviewed by the ERC, only 14% were selected for funding – Cambridge has the highest number of grants of any UK institution.ERC Starting Grants – totalling nearly €780 million – support cutting-edge research in a wide range of fields, from life sciences and physics to social sciences and…

It’s Labor Day: Are you celebrating your workers or burning them out?

  • Post category:Civility Partners
  • Reading time:5 mins read

This last Labor Day should have been a day of rest—a chance for employees to recharge and reflect on the contributions they’ve made to their organizations. But for many workers, the reality was likely far from relaxing. A 2023 Gallup survey shows that only 32% of U.S. employees feel engaged…

Diversifying global supply chains: Opportunities in Southeast Asia

  • Post category:McKinsey & Company
  • Reading time:14 mins read

The global supply chain is constantly changing, shaped by manufacturers around the world striving to limit risk, build resilience, manage costs, and explore new markets for production. As many manufacturers seek to reduce their dependence on a single supply source, Southeast Asia is emerging as a prominent manufacturing hub, reflected…

Children switch to walking and cycling to school after introduction of London’s Ultra-Low Emission Zone

Car travel contributes to air pollution, a major cause of heart and lung diseases including asthma attacks. Beyond this, it limits children's opportunities for physical activity, hindering their development and mental health, and increasing their risk of obesity and chronic illnesses.Despite UK guidelines recommending a daily average of 60 minutes…

Avoiding Harm in Technology Innovation

Research Feature To capitalize on emerging technologies while mitigating unanticipated consequences, innovation managers need to establish a systematic review process. Tania Bucic and Gina Colarelli O’Connor September 04, 2024 Reading Time: 20 min  Jedi Noordegraaf/Ikon Images The Research The authors interviewed five ethics and compliance executives about their companies’ ethical…

High cholesterol levels at a young age significant risk factor for atherosclerosis

The research also suggests that people who are taking lipid-lowering drugs such as statins to lower their cholesterol levels should remain on them, even if their cholesterol levels have fallen, as stopping treatment could increase their risk of atherosclerosis.Atherosclerosis is one of the major causes of heart and circulatory disease.…

USA, China, Russia: Multiplying Deterrence

Minimising the number of one’s enemies while multiplying one’s number of friends is a basic principle of diplomacy that has existed for centuries. The simplicity of the principle itself is more than compensated by the complexity of its practical implementation. In international relations, the price of friendship may be too…

CEO and chairman Sean Doyle on British Airways’ transformation

  • Post category:McKinsey & Company
  • Reading time:8 mins read

Sean Doyle has spent most of his career at British Airways (BA) and was appointed CEO in October 2020 during the COVID-19 pandemic. Since then, Doyle has been focused on rebuilding the company to create a better BA for the airline’s colleagues and customers. Earlier this year, he announced a…

In Asia, New Wars Are Opening Long-Dreamed-of Routes

The Houthis have turned the Red Sea into a no-go zone for Western ships and for vessels carrying goods to and from Western markets. With naval traffic decreasing in the main sea of globalisation, and with other routes being challenged by climate change and other factors, new opportunities for world…

Retail’s outperformers: Lessons in value creation

  • Post category:McKinsey & Company
  • Reading time:12 mins read

When it comes to value creation, retailers have never had it easy. The challenges are well-known: consumer preferences and behaviors are fast changing and rarely predictable. Many retail businesses are highly dependent on supplier actions—a fact that’s become evident to consumers in recent years as supply chain disruptions resulted in…

Five Essentials for Marketing Performance Measurement Systems

Do your marketing metrics truly support your company’s strategic goals? If you’re puzzling over the right set of metrics, focus on continuous improvement. Rob Angell, Adam Sharp, and Tom Chapman September 03, 2024 Reading Time: 8 min  Carolyn Geason-Beissel/MIT SMR | Getty Images Successful marketers routinely capture key performance indicators,…

September 2024 Global Immigration Alert

  • Post category:Seyfarth Shaw LLP
  • Reading time:10 mins read

Please note:  while we address certain country-specific updates, this Alert contains information regarding global requirements, policies, and procedures as they stand as of the date of publication. We highly recommend reviewing any global mobility inquiries on a case-by-case basis, including any consulate-specific or immigration authority resources, in “real-time” before traveling…

Is It Even Possible to Dam the Flow of Misleading Content Online?

As a polarizing US presidential election nears, moderating controversial content on social media poses a pressing problem for tech giants.But no matter how many employees they hire, lines of code they write, or new content policies they implement, major platforms face an overwhelming task. In the second quarter of 2023…

The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?

The Fed is expected to cut interest rates in September. What does your research say about whether borrowers should wait to take out a loan? Our research shows that many people make the mistake of waiting to take out a mortgage or other long-term loan if the Fed is expected…