The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#1

Post by slaterhearst » Mon, Nov 07, 2011, 2:04 PM UTC

The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy
theatlantic.com

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#2

Post by hessenwolf » Mon, Nov 07, 2011, 3:26 PM UTC

Pinch of salt. Probably cost a few hundred grand to put together, but still a pinch of salt.

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#3

Post by wildbunny » Mon, Nov 07, 2011, 3:50 PM UTC

"So McKinsey's report limited its scope to the online economy in the G-8 countries plus five more: Brazil, China, India, South Korea and Brazil."

lol

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#4

Post by stfu » Mon, Nov 07, 2011, 3:51 PM UTC

I wonder if McKinsey is ever going to realize that they can't measure everything.

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#5

Post by chollida1 » Mon, Nov 07, 2011, 4:32 PM UTC

wildbunny wrote: post #3

"So McKinsey's report limited its scope to the online economy in the G-8 countries plus five more: Brazil, China, India, South Korea and Brazil." lol

Why is that funny? If they are assuming a pareto distribution then getting the top 13 countries probably would make the estimate fairly accurate.

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#6

Post by sriram_sun » Mon, Nov 07, 2011, 4:34 PM UTC

Heh! They'll turn around and sell this "study" for millions of dollars and will keep the mouths of McKinsey new hires moving for a few hours more.

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#7

Post by reginaldo » Mon, Nov 07, 2011, 4:37 PM UTC

chollida1 wrote: post #5

wildbunny wrote: post #3

"So McKinsey's report limited its scope to the online economy in the G-8 countries plus five more: Brazil, China, India, South Korea and Brazil." lol

Why is that funny? If they are assuming a pareto distribution then getting the top 13 countries probably would make the estimate fairly accurate.

I think the lol refers to the fact that Brazil is counted twice.

Re: The $8 Trillion Internet: McKinsey's Bold Attempt to Measure the E-conomy

#8

Post by chollida1 » Mon, Nov 07, 2011, 4:43 PM UTC

reginaldo wrote: post #7

chollida1 wrote: post #5

Earlier quoted context omitted.

Why is that funny? If they are assuming a pareto distribution then getting the top 13 countries probably would make the estimate fairly accurate.

I think the lol refers to the fact that Brazil is counted twice.

Ah, yep. The jokes on me:) I missed that.