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 – 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...

EdTech Insight – Updating perceptions about today’s luxury traveler

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

Executive Summary and Main Points The landscape of luxury travel is rapidly evolving with significant implications for the hospitality sector, including a marked growth in luxury tourism driven by the expanding wealth of global individuals. Key insights reveal that...

EdTech Insight – Author Talks: How scientific thinking can help us tackle our toughest societal problems

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

Executive Summary and Main Points In the rapidly evolving landscape of global higher education, digital transformation and the integration of technology into educational practices are increasingly pivotal. The focus is shifting towards mobile access to research,...

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...