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McKinsey & Company

10 Ways Enterprises Are Getting Results From AI Strategies

10 Ways Enterprises Are Getting Results From AI Strategies

By Louis Columbus on June 21, 2020

One in 10 enterprises now use 10 or more AI applications; chatbots, process optimization, and fraud analysis lead a recent survey’s top use cases according to MMC Ventures. 83% of IT leaders say AI & ML is transforming customer engagement, and 69% say it is transforming their business according to Salesforce Research. IDC predicts spending […]

Posted in Business, Featured Posts, Technology / Software, Trends & Concepts | Tagged AI, AI Adoption in Enterprises, Artificial intelligence, BMC, BMC's Autonomous Digital Enterprise (ADE), Eightfold, Louis Columbus' blog, machine learning, McKinsey & Company

Ten Ways Big Data Is Revolutionizing Manufacturing

Ten Ways Big Data Is Revolutionizing Manufacturing

By Louis Columbus on December 15, 2014

McKinsey & Company recently published How Big Data Can Improve Manufacturing which provides insightful analysis of how big data and advanced analytics can streamline biopharmaceutical, chemical and discrete manufacturing. The article highlights how manufacturers in process-based industries are using advanced analytics to increase yields and reduce costs. Manufacturers have an abundance of operational and shop […]

Posted in Featured Posts, Trends & Concepts | Tagged analytics, Big Data, BigData, Cloud Computing, How Big Data Can Improve Manufacturing, Industrie 4.0, LNS Research, Louis Columbus' blog, Manufacturing, manufacturing industry, McKinsey & Company, MESA International, quality management

McKinsey research: IT needs a kick in the keister

McKinsey research: IT needs a kick in the keister

By Michael Krigsman on April 3, 2014

A new study from strategy consulting firm, McKinsey, shows “growing dissatisfaction” with IT performance, from both business users and within the ranks of IT itself. The study notes that almost one-third of IT respondents believe replacing their own leadership should be a top priority to improve IT performance. This data signals a growing crisis, in which […]

Posted in Business | Tagged CIO, Dion Hinchcliffe, McKinsey & Company, ZDNet

Talent Sourcing  fool me twice, shame on me

Talent Sourcing fool me twice, shame on me

By Vinnie Mirchandani on December 12, 2012

McKinsey says we are already critically short of “data scientists” even as the hype about Big Data takes off. IBM goes even further and says we are short talent in every aspect of what Cognizant calls the SMAC stack (social, mobile, analytics and cloud). Around the world. If it feels like deja vu all over […]

Posted in Featured Posts, Trends & Concepts | Tagged Employment, insourcing, McKinsey & Company, Outsourcing, talent shortage

Friday Rant: How Much Does Your Sourcing and Supply Chain Consultant Make?

Friday Rant: How Much Does Your Sourcing and Supply Chain Consultant Make?

By Jason Busch on April 6, 2012

Over on our sister site Healthcare Matters, my partner in crime Tom Finn recently published a post titled: How Much Does Your Doctor Make?. Tom begins by quoting “an old joke about a housewife who complains about the $175 she just paid…

Posted in Business, Featured Posts | Tagged Accenture, Consultant, deloitte, McKinsey & Company, supply chain

McKinsey: Getting the Supply Chain of the Future Partially Right (Part 1)

McKinsey: Getting the Supply Chain of the Future Partially Right (Part 1)

By Jason Busch on February 23, 2011

If you’re curious about general high level trends and forecasts in the supply chain that are likely to impact specific procurement and supplier management strategies, it’s worth checking out a recent McKinsey Quarterly article (re…

Posted in Business | Tagged Global sourcing, International finance, Market maker, McKinsey & Company, strategy, supply chain | 1 Response

Ten tech-enabled business trends to watch

Ten tech-enabled business trends to watch

By Jeff Nolan on August 15, 2010

McKinsey Quarterly published a really insightful list of tech-enabled business trends that are shaping business today. The first one maps to something I have been spending a lot of time in lately, companies using communities to drive support costs down while improving the experience of support, build better products, and capture the marketing potential that […]

Posted in Trends & Concepts | Tagged Big Data, Cloud, McKinsey & Company, Social network, trends

Friday Rant: When Finance Takes Over Procurement

Friday Rant: When Finance Takes Over Procurement

By Jason Busch on May 28, 2010

In my spring 2010 “predictions” conference presentation (which I’ve now given almost half a dozen times), one of the scenarios I posit for the future of procurement in the next five years is that finance will take a much more active stance and roll within the procurement function. I don’t think I’m alone in this […]

Posted in Business | Tagged Business, Cash Flow, finance, McKinsey & Company, procurement, supply chain, Working capital

Friday Rant: Quick, Target the Consultants! When McKinsey Gets a Haircut...

Friday Rant: Quick, Target the Consultants! When McKinsey Gets a Haircut…

By Jason Busch on April 2, 2010

Over a Belgian ale at my local low-budget yet high-end gastropub in Chicago (Hopleaf) last week, I caught up with my good friend Kevin Brooks. Kevin is an extremely forward-thinking fellow when it come to contemplating where the procurement sector is going and what organizational priorities will be. And he’s usually — except when he’s […]

Posted in Business, Featured Posts | Tagged Management consulting, McKinsey, McKinsey & Company

Friday Rant: Insider Trading and Procurement

Friday Rant: Insider Trading and Procurement

By Jason Busch on April 2, 2010

A colleague sent me a link to an article last week about an insider trading scandal involving both a CPO and his/her spouse. The CPO will go unnamed in this context because it’s not relevant to the general issue at hand. Still, the issue of ethics and integrity in procurement, finances, outsourcing and shared services […]

Posted in Business | Tagged Chief procurement officer, CPO, ibm, Insider trading, McKinsey & Company, scandal, SEC

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