Free the data, unleash growth
New research from McKinsey Global Institute finds that the potential value of open financial data for a country ranges up to 5 percent of GDP, depending on economic structure and levels of financial access. Emerging economies stand to benefit more than advanced ones because they tend to have lower levels of financial inclusion and less financial depth. All market participants benefit to varying degrees.
To read the article, see “Financial data unbound: The value of open data for individuals and institutions,” June 24, 2021.
Premiums for proteins
It won’t be easy or quick to cut production costs for cultivated meat. Our analysis suggests it could take about a decade for consumers to start paying less for cultivated meat than its conventional counterpart. But consumer uptake could happen much sooner. Already, consumers pay extra for proteins that they believe to be healthier or more sustainable.
To read the article, see “Cultivated meat: Out of the lab, into the frying pan,” June 16, 2021.
A sure thing?
With US vaccine rates and employment levels rising, economic uncertainty has fallen sharply and lost the paralyzing grip it held in the early part of the pandemic.
To read the article, see “Looking beyond the pandemic: Could the world economy gain more than it lost to COVID-19?”, June 14, 2021.
Balancing book smarts with soft skills
Cognitive skills seem to bring bigger paychecks, but soft skills also matter, especially when it comes to job satisfaction and employment. Our latest research examines distinct elements of talent (DELTAs) to see what will help future-proof workforces. Click through the interactive to see the traits.
To read the article, see “Defining the skills citizens will need in the future world of work,” June 25, 2021.
Resolved: Digital makes a difference
Is technology truly a differentiator in business? The latest McKinsey Global Survey settles the long-running debate. Those companies that have invested in tech and digital over the years, to build what we call a “technology endowment,” are now significantly ahead of peers that dedicated less time, effort, and capital to the effort.
To read the article, see “The new digital edge: Rethinking strategy for the postpandemic era,” May 26, 2021.