This week, McKinsey is excited to welcome AI and machine learning leader Iguazio to the company. The addition of Iguazio’s technology and his team of over 70 data and AI experts will enable McKinsey to dramatically accelerate and scale his AI deployments to further impact clients. .
The speed of change has never been faster. Harnessing the power of AI is essential to success in today’s competitive marketplace. From 2012 to 2021, more than $490 billion of his was invested in AI by organizations around the world, according to McKinsey research. Successful in a real business environment.
AI by McKinsey, QuantumBlack, a leader in technology, has been working with clients for over a decade to incorporate AI into real-time decision-making to help solve the world’s toughest problems. However, one important question remained unsolved. How can organizations successfully deploy and scale AI to unlock true business value?
“The answer to this is multifaceted. You have to get a lot of things right at the same time: data, algorithms, IT architecture, functionality, change management, domain expertise,” says McKinsey Senior Partner, Global Co-lead Alexander Sukharevsky of QuantumBlack explains. “We are working on a holistic product that allows all these aspects to be mastered in a very intuitive way and has been road tested with various clients around the world. We have worked on solutions that automate and accelerate the development and deployment of AI applications in any environment at scale and in real time.”
The Iguazio team (photo by David Garb).
Working with Iguazio will enable QuantumBlack to instantly deliver industry-specific AI solutions to customers that are 5x more productive, 8x faster from proof of concept to production, and 2x more reliable.
Ben Ellencweig, Senior Partner at McKinsey and QuantumBlack, said: A global leader in alliances and acquisitions. “Iguazio has cutting-edge technology that gives some of our largest customers significant market traction and top industry ratings. We will be able to offer the world’s first comprehensive solution to the market that allows us to take full advantage of our capabilities.”
Over time, the Iguazio and QuantumBlack teams will be fully integrated, working from a single product roadmap, bringing together the best technology assets of each company into a single product. Our new offering allows us to integrate AI into real-time decision-making, maximizing value to help our clients drive sustainable and inclusive growth.
Alex Singla, McKinsey Senior Partner and QuantumBlack Global Co-Leader, said: “This is especially important for companies experiencing a critical shortage of technical talent, which is one of the reasons why many AI projects are lagging.”
This is McKinsey’s first acquisition in Israel. The newly expanded team will serve as the foundation for the new QuantumBlack location, which McKinsey expects to expand and grow over the next few years. Matt Fitzpatrick, senior at McKinsey, his partner and global co-leader of his QuantumBlack Labs, said:
Iguazio’s four co-founders – CEO Asaf Somekh, CTO Yaron Haviv, COO Yaron Segev and VP Architecture Orit Nissan-Messing – have worked together since 2001, both in their respective startups and in multiple organizations. rice field. Core technologies for enterprise analytics and AI.
Founders of Iguazio, from left: Yaron Haviv, CTO. COO Yaron Segev. Orit Nissan-Messing, VP Architecture. CEO Asaf Somekh (photo credit: Yanai Yechiel).
They see first-hand the challenges of organizations using AI and know how to overcome them. “From a values standpoint, we always put our client’s needs first, not just now, but one year from now.” We have developed a first-class platform that serves as the foundation for our clients to quickly and easily scale their AI initiatives across the company,” said Asaf. We are excited to join the McKinsey family and help our clients find real business value from their AI initiatives. ”
For Iguazio’s colleagues, joining McKinsey presents an opportunity to deliver greater value to more enterprise clients around the world. “We have spent years developing and refining our technology. It makes it easier to create real business value from AI with overhead,” adds Olit.
Last month, Forrester named McKinsey a “Leader” in AI service providers. “McKinsey’s acquisition of his Iguazio and its innovative technology will help companies build their businesses around data and AI to increase efficiency and accelerate the delivery of the latest innovative services to market. It’s a testament to the company’s commitment to doing so,” he said.
“The next stage of AI innovation is within us,” says Alex Sukharevsky. “And I am proud to lead this journey.”
