by Pal Erik Sjatil, Managing Partner of McKinsey & Company in Europe — German chemists invented aspirin. One of my Norwegian compatriots invented aerosols. Russian and Spanish inventors independently developed the first pressured space suits. Two Swedes founded Spotify. Europe has a long history of innovations that have changed the world, but it cannot rest on its laurels. In recent years, Europe has…

An increasing number of governments and businesses are implementing digital identification programs. What makes a digital ID beneficial to both the user and the institution? — Good digital ID is identification that is verified and authenticated to a high degree of assurance over digital channels, unique, established with individual consent, and protects user privacy and ensures control over personal data.

Why digital identification could be a key to inclusive growth — Digital identification, or “digital ID,” can be authenticated unambiguously through a digital channel, unlocking access to banking, government benefits, education, and many other critical services. …

Digital ID can form the foundation of a host of applications in many aspects of an individual’s life, work, and social interactions. — Unlike a paper-based ID such as most driver’s licenses and passports, a digital ID is a form of identification that can be authenticated remotely over digital channels. A digital ID could be issued by a national or local government, by a consortium of private or nonprofit organizations, or by an…

By Susan Lund There’s a lot more going on with global trade than what you see in the headlines. The McKinsey Global Institute’s recent report takes an in-depth look at 23 different industry value chains spanning 43 countries — and it finds some trends that might surprise you: A smaller…

By Jacques Bughin Global value chains as we know them today could not exist without instant communications and supply chain management software. By reducing transaction costs, digital technologies enabled trade in goods and services to soar. Now the next generation of technologies is here: advanced robotics, AI, the Internet of…

Global value chains are being reshaped by rising demand and new industry capabilities in the developing world as well as a wave of new technologies. Labor-cost arbitrage is on the wane in most value chains, while services, intangibles, and knowledge intensity are on the rise. A recent report from the…

By Jacques Bughin — Europe should have been in the vanguard of the artificial intelligence (AI) revolution starting to transform business. After all, the world’s first autonomous car was a German Mercedes, 35 percent of the deep-learning models running in the world were invented in Europe, and Europe is home to more software developers…

by James Manyika, Chairman of the McKinsey Global Institute At this year’s World Economic Forum in Davos, many of the conversations I had focused on artificial intelligence (AI)and automation. Recent research at the McKinsey Global Institute (MGI) has touched on the economic benefits that can come from AI and automation…