EdTech Insight – The state of AI in early 2024: Gen AI adoption spikes and starts to generate value

by EdTechMate | May 30, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The past year has seen a significant shift in the adoption and impact of generative AI (gen AI) within various industries. The newest McKinsey Global Survey reflects that AI adoption has surged to 72%, with 65% of organizations using...

EdTech Insight – A microscope on small businesses: The productivity opportunity by country

by EdTechMate | May 29, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The McKinsey Global Institute’s analysis of MSMEs and large companies across diverse sectors and subsectors uncovers a stark productivity disparity. The study spans 16 countries that collectively contribute over half of the...

EdTech Insight – The way we travel now

by EdTechMate | May 29, 2024 | McKinsey, News & Insights

Executive Summary and Main Points Recent research reveals pivotal trends reshaping the travel industry, emphasizing a generational shift where travel has transcended from an interest to a top investment for younger demographics. Data illustrates that travel priority,...

EdTech Insight – Destination readiness: Preparing for the tourist flows of tomorrow

by EdTechMate | May 29, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The rapid growth of tourism impacts the concentration of visitors across global destinations, presenting a challenge for sustainability. The tourism sector experiences imbalanced visitor flow, with a significant majority of tourists...

EdTech Insight – Now boarding: Faces, places, and trends shaping tourism in 2024

by EdTechMate | May 29, 2024 | McKinsey, News & Insights

Executive Summary and Main Points Recent trends highlight a resurgence in global travel, with domestic travel becoming a dominant force accounting for a significant portion of global spending. Key innovations in the travel sector include a shift towards regional...

EdTech Insight – Six trends shaping new business models in tourism and hospitality

by EdTechMate | May 29, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The past decade in the tourism and hospitality sector has witnessed transformative trends that have reshaped operational models. Notable trends include asset-light arrangements, strategic consolidation, and the enduring presence of...