Tourism can help build a more connected, more vibrant world. But as tourism grows rapidly, the most visited destinations are experiencing more concentrated flows (Exhibit 1). Recent satellite data suggests that 80 percent of travelers visit just 10 percent of the world’s tourist destinations. The number of travelers and the…
Frontiers Research Highlight Using large language models to generate text can save time but often results in unpredictable errors. Prompting users to review outputs can improve their quality. Renée Richardson Gosline, Yunhao Zhang, Haiwen Li, Paul Daugherty, Arnab D. Chakraborty, Philippe Roussiere, and Patrick Connolly May 29, 2024 Reading Time:…
Business simulations are a powerful, yet often overlooked tool in the world of leadership development. In this comprehensive guide, we’ll explore the framework behind business simulations and uncover their potential for shaping dynamic leaders. Business simulations: Powering excellence through practice Imagine a training method that combines the complexity of real-world…
What do I need to know? New criminal laws in the UK will make companies more vulnerable to criminal prosecution for the acts of their employees and agents than ever before. The Economic Crime and Corporate Transparency Act 2023 (“ECCTA”) introduces two significant changes to the criminal law in the…
Quick Hits The Maine Department of Labor issued proposed rules for the state’s Paid Family and Medical Leave Program, providing employers with initial clarification regarding covered employees, contribution amounts, substitution of private plans, and other facets of the law. The public comment period for the proposed rules is open through…
Minecraft 15th anniversary - Source “I met my husband and amazing friends through Minecraft and everything that has happened from that point has been the most exciting adventure.” — Razzleberries “Minecraft gave me the opportunity to be featured in multiple official books through building, rendering and writing.” — Cookiie “The…
In his spring Budget on 6 March 2024, chancellor Jeremy Hunt announced that the government would consult on the possibility of creating a new “British ISA”. This new type of ISA would give investors an additional £5,000 allowance on top of their normal ISA allowance of £20,000 in the 2024/25…
Corporate America has never been known for its gender diversity; in 2015, fewer women ran large U.S. companies than men named John. While the numbers are slowly improving at senior levels—women CEOs finally outnumbered Johns as of 2023—many of the country’s biggest firms have a workforce that is significantly less…
What sorts of journeys do today’s travelers dream about? Where would they like to go? What do they hope to do when they get there? How much are they willing to spend on it all? And what should industry stakeholders do to adapt to the traveler psychology of the moment?…
In this episode of Nevermind the Pain Points, join host Tom Carpenter and guest expert Phil Boyden from Sojourn Solutions as they dive into the future of B2B marketing – navigating everything from the complex world of marketing automation and customer data platforms, to proving ROI, and adopting B2C strategies.Listen…
As the sun begins to peak its way through the clouds, dreamers begin to consider the potential of investing in a holiday home. Investing in a holiday home can be a rewarding venture, offering both personal enjoyment and potential financial gain. However, amidst the excitement of acquiring a second property,…
The Federal Trade Commission (“FTC”) and the Antitrust Division of the Department of Justice (“DOJ”) announced on Thursday, May 23, that they are expanding their search for businesses using “roll up” strategies to consolidate competitors and reduce competition across the U.S. economy. Previously, the agencies had primarily focused their efforts…
School may be out for summer in many places across the northern hemisphere, but learning doesn’t have to end! Our free summer learning game for students, Leaps and Logs, is back again this year. We’ve updated the experience with new, innovative challenges, including some that feature creating with AI. Students…
The McKinsey Global Institute aggregated a richly granular data set of micro-, small-, and medium-size enterprises (MSMEs) and large companies across 12 broad sectors, 68 level-two subsectors, and more than 200 level-three subsectors for 16 countries that account for more than half of global GDP. In these countries, MSMEs on…
Ninety percent of the world’s data has been created in the last two years, and this huge influx is already growing exponentially in 2024. However, Google’s move to phase-out third-party cookies and prioritise user privacy will limit businesses’ access to customer data. Given today’s focus on the hyper-personalisation of customer…
For all the financial, operational, and market challenges incumbent telecom operators have faced over the past decade-plus, they still retain real competitive advantages in their efforts to spur renewed growth. Global brand recognition, a large customer base, a rich data set, and a broad array of sales channels are all…
Our goal in Teams is to make hybrid work and communication easier and more inclusive than ever before. This pursuit is core to the effort we put into creating meaningful connections between people through our end-to-end events platforms, whether one-to-one meetings or large one-to-many hosted digital events. We introduced our…
New graduates entering the job market will face a very different landscape from even a year ago, with a murky economy and potentially more limited career prospects. Though unemployment figures in the US remain near historically low levels, the pace of hiring in April slowed, according to the Bureau of…
Like a lot of people, Balázs Kovács has come to rely on Yelp reviews when it comes to choosing a new restaurant. “I don’t look at the numbers,” he says. “I read to connect with the experience. It’s more personable if someone writes about their experience. If they complain about…
This interview is part of the Leading Asia series, which features in-depth conversations with the region’s most influential leaders on what it takes to lead in Asia today.Asia–Pacific’s changing demographics, growing middle class, and insurance protection gaps are just a few trends shaping opportunities and challenges in the region's life…
A new study by a researcher at Carnegie Mellon University assessed cannabis use in the United States between 1979 and 2022, finding that a growing share of cannabis consumers report daily or near-daily use and that their numbers now exceed those of daily and near-daily alcohol drinkers. The study concludes…
Both Tehran and Jerusalem, while performing political and diplomatic manoeuvres, and, if necessary, demonstrating military capabilities, still strive to refrain from direct confrontation. The regional balance is extremely unstable – and therefore not a single potential scenario should be completely ruled out. Iran-Israel relations have remained extremely tense for several…
Tax planning sits at the heart of every successful wealth management strategy. Talking tax can be difficult. It doesn’t have the glamour of planning an investment portfolio or discussing a lucrative business exit, but tax planning is pivotal to your financial future. Everyone can benefit from understanding the fundamentals. Tax…
There are many, ways to evaluate Africa’s expensiveness in the tech space and determine what drives African development. Conclusions may point to interests in robotics, Artificial Intelligence (AI), and telecommunications. This paper attempts to add to the body of literary commentary on this issue a view of the nature of the…
On 14 May, United States President Joe Biden announced new tariffs on China under Section 301 of the Trade Act of 1974 (unfair trade) . The additional tariffs – on top of earlier tariffs, including those imposed by President Trump – cover imports from China in several sectors, including semiconductors (tariff…
It is January 2025 and two people are sitting at the departure gate at Heathrow waiting for their (inevitably) delayed flight to the Bahamas. They start a conversation and talk about why they are flying to this Caribbean island. Person A, Mrs Sunseeker, explains to Person B, that she had…
[After the start of Russia’s special military operation in Ukraine, Western pressure on the Republic of Serbia, the Republic of Srpska and all Serbian people on the territory of the former Yugoslavia increased. The fact that the Republic of Serbia has not imposed sanctions against the Russian Federation has contributed…
Goals, values and rules: securing the team’s missionGoals, values and rules are three distinct and complementary ways to bond team members. Together, these elements create the solidarity needed for group members to become a true team. Goals are the foundational element of teams. They provide a shared purpose and direction for the team's efforts.…
The fascination with the sea is as old as man. The famous cry—thalatta, thalatta—of Xenophon’s beleaguered 10,000 Greek soldiers (or of what remained of them) upon seeing the familiar waters of the Black Sea after returning from war, showed a loving familiarity with the sea. The Romans embraced the Mediterranean…
If Lerone A. Martin, the faculty director for Stanford’s Martin Luther King, Jr. Research and Education Institute, harbored any doubts about teaching his popular undergraduate course via the Internet to high schoolers in Los Angeles, they vanished when the results of a student survey arrived midway through the semester. When…
As AI policy conversations expanded last year, they started to be punctuated by repeated references to unexpected abbreviations. Not the usual short names for new AI models or machine learning jargon, but acronyms for the different international institutions that today govern civil aviation, nuclear power, and global capital flows. This…
Quick Hits Maryland’s HB 1388 imposes greater restrictions on Maryland employers entering noncompete and conflict of interest agreements with both health care and veterinary professionals. HB 1388 prohibits restrictions for certain employees who are required to be licensed under the Health Occupations Article and certain employees who are licensed as…
New ServiceNow Now Assist and Microsoft Copilot integration brings the power of two generative AI assistants into one seamless enterprise experience LAS VEGAS — May 8, 2024 — Knowledge 2024 — Today at ServiceNow’s annual customer and partner event, Knowledge 2024, ServiceNow (NYSE: NOW) and Microsoft Corp. (NASDAQ: MSFT) announced…
Making great products is not enough in software these days. The “build it, and they will come” mindset will no longer lead to success in this ever-competitive space. As software products become more sophisticated and customers more discerning, the path to market acceptance has become much more complicated. Companies need…
What You Need to Know: On May 6, 2024, the Connecticut legislature passed a bill (HB No. 5005) amending a number of key aspects of the Connecticut statewide Paid Sick Leave Law. The bill was signed into law by Governor Ned Lamont on May 21, 2024. Some of the notable…
The study encompassed more than two million participants psychological wellbeing from 2006-2021 across 168 countries, in relation to internet use and psychological well-being across 33,792 different statistical models and subsets of data, 84.9% of associations between internet connectivity and wellbeing were positive and statistically significant. The study analysed data from two…
In this episode of McKinsey on Building Products, a podcast dedicated to the exploration of software product management and engineering, McKinsey partner Rikki Singh spoke to Dr. Ya Xu, vice president of engineering and head of data and AI at LinkedIn. They discuss strategies engineering leaders can undertake to prioritize…
The apparel and footwear industry’s standard playbook for managing global supply chains has been overtaken by recent events and rising complexity. The sprawling footprint of global supply chains was supposed to the lower the chance for disruption, but the pandemic and resulting dramatic demand shifts punctured that veil. With volatility…
Quick Hits The Illinois legislature passed SB2979 to clarify that multiple alleged collections or disseminations of an individual’s biometrics constitute only a single violation of the Privacy Act and the individual is limited to only one recovery of statutory damages. Once signed, the bill will reverse a holding by the…
