Erik Roth, a senior partner at McKinsey and global leader in growth and innovation, discusses the creation of their generative AI platform, Lilli, named after a pioneering female innovator. He delves into the balance of rapid tech development and user experience. Roth emphasizes the shift in consulting towards actionable insights, the need for high-quality data, and evolving hiring practices. He also highlights the importance of AI in education for business leaders and the challenges of integrating technology safely while avoiding legacy pitfalls.

The risk and ambiguity inherent in innovation can make employees shy away from it. Creating an innovation culture where risk-taking is embraced must start at the top. Most executives will agree that fear—of criticism, of uncertainty, of career consequences—can paralyze innovation. In this episode, three innovation experts discuss ways to create an environment of psychological safety that rewards creative initiative and destigmatizes failure. Laura Furstenthal, Alex Morris, and Erik Roth, all leaders in McKinsey’s innovation practice, are the co-authors of the recent article, Fear factor: overcoming human barriers to innovation. Join our LinkedIn community of more than 86,000 members.  Explore Inside the Strategy Room podcast transcripts episode transcripts on McKinsey.com  Support the show: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information

Discover how Major League Baseball is embracing innovation and data to engage the next generation of fans. Learn about rule changes, fan engagement strategies, and the innovative incubator driving growth and creativity in the league.