Big Data: The Next Frontier of Innovation, Competition, and Productivity (McKinsey Global Institute May 2011).
The McKinsey Global Institute estimates that the amount of data generated is growing by 40% each year.
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The McKinsey Global Institute has estimated U.S. demand for employees skilled in data analysis could outstrip supply by 50% to 60% by 2018.
In 2009, the McKinsey Global Institute estimated that U.S. banks and capital markets firms collectively had more than one exabyte of stored data.
They create twice as many jobs as companies that have limited Internet use, according to a McKinsey Global Institute study mentioned in the TCC report.
New research by the McKinsey Global Institute indicates that the foreign direct investment that did find its way to India has had an overwhelmingly positive impact.
More broadly, offshore employment in IT, banking and six other areas will have doubled between 2003 and 2008 to 1.2 million jobs, says McKinsey Global Institute.
The McKinsey Global Institute has found, for example, that up to 30% of global resource demand in 2030 could be met simply by efficiency improvements.
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More important still, if the McKinsey Global Institute, the research arm of a consulting firm, has its numbers right, limiting the adoption of systems of engagement can hurt profits.
Two years ago the McKinsey Global Institute published a study indicating that Japanese managers use their workers 45% less productively and capital 37% less productively than do their U.S. counterparts.
Wages for project managers in India have increased 23% per year from 2000 to 2004, while salaries for programmers have increased at a 13% pace, according to the McKinsey Global Institute.
According to McKinsey Global Institute, the consultancy's research arm, global long-haul travel increased by 31% in the decade to 2009 while foreign visitors to America (excluding from Canada and Mexico) dropped by 2m, to 24m.
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And according to the McKinsey Global Institute, productivity gains at Wal-Mart alone accounted for an amazing 13% of all productivity gains in the U.S. from 1995 to 1999 smack in the middle of the so-called Internet boom.
Jeff Hawkins, Numenta co-founder, and Michael Chui, a principal at the McKinsey Global Institute will discuss on Wednesday evening an alternative approach to big data, using brain-inspired machine learning technology and a cloud-based service called Grok that recognizes complex patterns from data streams and generates actionable predictions in real time.
From the McKinsey Global Institute Study of November 2011, How social technologies are extending the organization, you can see that the organizations who say they are getting the most value (see their data in Exhibit 4) are those who are fully-networked , meaning those using social tools broadly across the organization internally, as well as externally with partners and customers.
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