Companies are creating meaningful growth by developing new ventures. Those with the most mature capabilities are growing quickly and can show the way for companies that are just beginning. Source: McKinsey How CEOs are turning corporate venture building into outsize growth

Grocery retailers across the Middle East and North Africa have weathered postpandemic headwinds. Nine trends shaping the sector point the way to new growth. Source: McKinsey A growth arena: State of grocery retail 2024 Middle East and North Africa

Be careful: AI can elaborate on financial concepts, but you can’t use it yet for personal finance advice, writes Wharton’s Sarah Hammer.…Read More Source: Knowledge @ Wharton How AI-powered Financial Advice Will Help You

Organizations have more data than ever, but scaling it remains a challenge. Here’s how companies can benefit from the data dividend and become truly data-driven businesses. Source: McKinsey The data-driven enterprise

Emirates NBD partnered with McKinsey to identify growth opportunities and expand its talent—becoming an AI and advanced-analytics-driven bank. Source: McKinsey How a UAE bank transformed to lead with AI and advanced analytics

The OECD sees the global economy improving. Central banks’ strategies are diverging, with some cutting rates and others raising them. China announces a major stimulus, and the US Federal Reserve cuts rates. Source: McKinsey Global Economics Intelligence executive summary, September 2024

Global payments are becoming simpler for users, but complexity keeps growing behind the scenes. This year’s report explores this paradox and the options for providers. Source: McKinsey Global payments in 2024: Simpler interfaces, complex reality

Telcos that use responsible AI frameworks can unlock new revenue streams and spur long-awaited growth. Source: McKinsey Responsible AI: A business imperative for telcos

Wharton DEI officer and Penn Medicine’s chief of neurocritical care discuss how personal finance and health are intertwined to impact your overall well-being.…Read More Source: Knowledge @ Wharton Wealth and Health: How Financial Stability Impacts Your Well-being

With the right plays, consumer product companies can widen margins and increase revenue growth even as they improve sustainability. McKinsey’s senior partner Jan Henrich and partner Scott Woodruff explain how. Source: McKinsey What is the playbook for scoring “triple wins” through product design?