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Digital action = Climate action: 8 ideas to accelerate the twin transition

“It is clearer than ever that we urgently need to take bold actions to counter the global existential threat of climate change and to promote a green economic recovery!

Together, Europe has set an ambitious target of reducing our emissions by 55% compared to 1990 levels. If we are serious about reaching that goal, we governments, businesses and citizens need to think digital.”

Eight ideas on acceleration of the twin transition:

  1. Set ambitious key performance indicators for the twin transition
  2. Promote data cooperation on sustainability
  3. Boost infrastructure & connectivity
  4. Develop international standards for measuring digital enablement and carbon footprint
  5. Increase access to funding for research, development and innovation spending in green technologies
  6. Launch a continent-wide drive for green tech skills
  7. Strengthen the link between digital and green policies
  8. Create sector-specific action plans to facilitate uptake of digital across Europe’s most energy intensive sectors

“Natural disasters and resource scarcity, like limited access to clean water and agricultural land, will lead to security risks and unrest. These challenges are not national but international by nature. It is our common responsibility towards future generations to do what it takes to protect the environment. It is also our common duty to create a strong and competitive European economy, where people have the means to develop and put into practice innovative solutions that we need.”

Got interested? Read the full post from Cecilia Bonefeld-Dahl here .

Much more details on the eight ideas can be read in the report DIGITALEUROPE – download a copy here.

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Mobility’s net-zero transition: A look at opportunities and risks

A transition to net-zero emissions would entail much greater demand for electric vehicles. McKinsey analysis shows how the shift could create opportunities and risks for automakers around the world.

Mobility is essential to social interaction, commerce, exploration, and self-expression—and now it must be decarbonized to limit the buildup of physical climate risks. The transition to low-emission mobility requires not just a move away from ICE technologies but also the reengineering of value chains. Coordinated responses by the private and public sectors can ease this transition, so that stakeholders can benefit from the opportunities and weather the risks it will bring. Read the full article here.

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Six practical actions for building the cloud talent you need

A great article from McKinsey on the cloud talents topic …:

Despite a shortage of cloud talent, top companies are finding ways to get past table stakes and build the capabilities needed.

Some actions you should consider …:

  • Find engineering talent with broad experience and skills
  • Balance talent maturity levels and team composition
  • Build an upskilling program that is extensive, mandatory, and focused on need
  • Build an engineering culture that optimizes the developer experience
  • Consider using partners to accelerate development, and assign your best cloud leaders as owners
  • To keep top talent from leaving, focus on what motivates them

Without cloud talent, the value that cloud offers is simply unattainable. Companies can win the war for cloud talent, however, when they combine a clear understanding of what talent they really need, a culture where that talent can thrive, and a commitment to practical changes so they can capture cloud value quickly.

The original post with much, much more very valuable information is here.

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Redefining corporate functions to better support strategy and growth

Striking the right balance between decentralized functions and centralized control starts with addressing the needs of business units.

Over the past decade, companies have struggled with organizational designs that vary widely in how centralized or decentralized they are across functions. (…) Against this backdrop, McKinsey believes companies need a new approach to set up functions that maximize business value and successfully serve business units. This approach is based on three core beliefs. Keep reading the original post of McKinsey here.

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Improving strategic outcomes with advanced analytics

AI and machine-learning tools can enhance strategic planning.

In this episode of the Inside the Strategy Room podcast, McKinsey Insights explores how digital analytics is revolutionizing strategy. Nicholas Northcote, who for years led McKinsey’s research on strategic decision making, is joined by Sagie Davidovich, the cofounder and CEO of SparkBeyond, a McKinsey partner company that operates an AI-driven analytics platform, and Sasha Vesuvala, who leads much of McKinsey’s work in applying advanced analytics to strategy and growth-related questions. To read this edited transcript of the discussion follow this link.

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Reviving the art of apprenticeship …

… to unlock continuous skill development.

Postpandemic skill gaps need filling, and formal learning alone won’t do the trick. Scaling the lost art of one-on-one learning can make the difference.

Apprenticeship may feel counterintuitive in the face of intense workplace time pressures, but—with some modernizing—it can efficiently unlock the rapid capability building that today’s knowledge-based workforce requires.

Got interested – read the original full post here.

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CBDC and stablecoins: Early coexistence on an uncertain road 

With the rapid rise in circulation of stablecoins over the past couple of years, central banks have stepped up efforts to explore their own stable digital currencies.

Cryptocurrency has been touted for its potential to usher in a new era of financial inclusion and simplified financial services infrastructure globale. To date, however, its high profile has derived more from its status as a potential store of value than as a means of financial exchange. That disconnect is now evolving rapidly with both monetary authorities and private institutions issuing stabilized cryptocurrencies as viable, mainstream payments vehicles.

keep reading original post here!

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‘Great Attrition’ or ‘Great Attraction’?

The choice is yours …

Companies are struggling to address the problem of employees leaving, and many will continue to struggle for one simple reason: they don’t really understand why their employees are leaving in the first place. Rather than take the time to investigate the true causes of attrition, many companies are jumping to well-intentioned quick fixes that fall flat …

The Great Attrition is happening, it’s widespread and likely to persist—if not accelerate—and many companies don’t understand what’s really going on, despite their best efforts. These companies are making ineffective moves based on faulty assumptions.

Got interested? Please follow this link to the original post!

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Using agile to accelerate your data transformation

Data-management issues can undermine companies’ ability to create value from analytics. Some businesses are using agile principles to make sure data are available when and where they are needed.

Got interested? Keep reading original post from McKinsey here …

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The Committed Innovator

The Committed Innovator: A conversation with Tanya Baker of Goldman Sachs Accelerate by Erik Roth (Senior Partner at McKinsey’s)

The global leader of Goldman Sachs’ internal new business incubator on fostering innovation and entrepreneurial ventures within the firm. Keep reading the original interview / post here.