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Data center real estate is such a hot topic that some have wondered whether it’s overhyped. But the digital and cloud revolutions—and the scale-up of AI—are fueling truly enormous demand for data centers. In turn, there are a variety of ways that real estate companies can participate in the growth of the industry. McKinsey senior partner Pankaj Sachdeva talks with McKinsey Global Publishing’s Katy McLaughlin about what these companies should…

Across private markets globally, there is persistent pressure to effectively deploy capital, generate higher-than-average returns, and exit investments profitably. Yet challenges remain daunting, including inflation and interest rate volatility in the macroenvironment and intense competition for assets resulting from investors holding significant dry powder aimed at a scarce number of targets offering sustainable sources of competitive advantage. It’s thus unsurprising that deal volumes and value for the global private equity…

Chemical players tend to have strong, ingrained sales functions. Over the past 18 months, however, a combination of long-standing internal issues and external shocks—such as the effects of inflation on chemical manufacturing and customer destocking—has caused revenues to plateau or even decline. In fact, our research shows that diversified chemical players saw year-over-year volume drop by as much as 10 percent in the first quarter of 2023, and specialty players…

Do the math on generative AI (gen AI), and the numbers can seem heady. But according to recent research, only a small percentage of companies are beginning to deliver meaningfully on its promise—and many have succumbed to “death by a thousand pilots,” in the words of Rodney Zemmel, global leader of McKinsey Digital. In this episode of The McKinsey Podcast, Rodney and fellow senior partners and coauthors Eric Lamarre and Kate…

Companies are entering a new phase with generative AI (gen AI), as they realistically ponder how to deploy the potent technology responsibly and profitably. The answer, says Navrina Singh, founder and CEO of Credo AI and today’s guest on this episode of the At the Edge podcast, is proper governance in the form of continuous human oversight. Singh speaks with McKinsey senior partner Lareina Yee about the importance of monitoring, measuring,…

Climate technologies play a crucial role in the net-zero transition, with their potential to abate 90 percent of man-made emissions globally by 2050. According to McKinsey estimates, a successful transition will require the creation of 1,000 unicorns (start-ups valued at $1 billion or more) and 300 decacorns (start-ups valued at $10 billion or more) in the climate tech space by 2030. This is a massive challenge, especially as the fundraising and…

McKinsey: How have European banks started to implement gen AI? Gökhan Sari: Since we spoke last year, we’ve seen a tremendous effort to implement gen AI across most of our clients. Last year, it was more about, “Should we try it? Are we going to have hallucinations? What about the regulatory aspects?” But this year, it’s all about, “OK, it’s working in a few places, how can we scale this…