EdTech Insight – An update on consumer sentiment in Asia-Pacific

by EdTechMate | Jul 2, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The APAC region has witnessed a change in consumer behaviour, displaying increased caution and a tendency for selective spending amidst economic uncertainty. Key findings from McKinsey’s ConsumerWise Survey highlight a decline...

EdTech Insight – Can Europe compete in the race to develop and deploy generative AI?

by EdTechMate | Jul 2, 2024 | McKinsey, News & Insights

Executive Summary and Main Points Europe presents several unique opportunities for leveraging Artificial Intelligence (AI) in the education sector, amid a broader context of digital transformation in global higher education. Key trends and innovations include the...

EdTech Insight – Embracing generative AI in credit risk

by EdTechMate | Jul 1, 2024 | McKinsey, News & Insights

Executive Summary and Main Points Generative AI (gen AI) is revolutionizing various sectors, including traditionally conservative industries such as credit risk management. OpenAI’s ChatGPT’s groundbreaking adoption rate is evidence of gen AI’s rapid...

EdTech Insight – Navigating shifting risks in the insurance industry

by EdTechMate | Jul 1, 2024 | McKinsey, News & Insights

Executive Summary and Main Points In light of evolving financial and nonfinancial risks, insurance Chief Risk Officers (CROs) are strategically innovating while also ensuring sustainable growth. Key areas of focus include capital management, gen AI, climate risk, and...

EdTech Insight – Automation and the talent challenge in American manufacturing

by EdTechMate | Jul 1, 2024 | McKinsey, News & Insights

Executive Summary and Main Points The US manufacturing sector faces a significant talent challenge, exacerbated by rising job openings and a stable number of manufacturing employees. The discrepancy between openings and available labor has intensified post-COVID-19,...

EdTech Insight – Generative AI and the future of work: A Singapore perspective

by EdTechMate | Jun 28, 2024 | McKinsey, News & Insights

Executive Summary and Main Points Generative AI (gen AI) is poised to significantly alter the future of work globally, with substantial impact witnessed throughout 2023. OpenAI’s valuation surged to $80 billion, and 13 AI start-ups achieved unicorn status...