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McKinsey Launches New Product Suite To Help Clients Scale AI

McKinsey has launched QuantumBlack Horizon, a new AI product suite developed by its QuantumBlack Labs division. The suite is intended to help organizations scale up AI initiatives by providing tools for clean and organized data, scalable and repeatable models, and transparency around model performance. It represents a significant investment in AI and is aimed at driving real-world impact beyond initial proof-of-concept work.

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103 views5 pages

McKinsey Launches New Product Suite To Help Clients Scale AI

McKinsey has launched QuantumBlack Horizon, a new AI product suite developed by its QuantumBlack Labs division. The suite is intended to help organizations scale up AI initiatives by providing tools for clean and organized data, scalable and repeatable models, and transparency around model performance. It represents a significant investment in AI and is aimed at driving real-world impact beyond initial proof-of-concept work.

Uploaded by

budi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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11/21/23, 9:50 PM McKinsey launches new product suite to help clients scale AI


About Us

McKinsey launches new product suite to

help clients scale AI

  

AI & Analytics

June 5, 2023 ‑ Today, we’re launching QuantumBlack Horizon, a set of AI


development tools from QuantumBlack, AI by McKinsey. Horizon was built
within QuantumBlack Labs, our AI and machine learning innovation hub. This
center consists of more than 250 technologists dedicated to driving AI
innovation and supporting and accelerating the work of its more than 1300
data scientists across over 50 locations. QuantumBlack Horizon is a first-of-
its-kind product suite helping organizations realize value from AI.

Market studies indicate that approximately 90 percent of data science


projects do not make it into production and usage in the field, suggesting the
last five years of digital transformation have been defined more by proof-of-
concept AI than operationalized value.

Exhibit

The QuantumBlack Horizon suite integrates AI


development tools.

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11/21/23, 9:50 PM McKinsey launches new product suite to help clients scale AI

“This launch is the culmination of significant investments in technical talent


and R&D over the last three years. It includes critical McKinsey acquisitions
like Iguazio , a leader in machine learning technology,” says senior partner and
QuantumBlack global coleader Alex Sukharevsky . “The launch of
QuantumBlack Horizon supports our belief that realizing value from major
technological advancements in AI and machine learning requires an
industrialized and cohesive production system, tech stack, and operating
model.”

The QuantumBlack Horizon suite is built to be flexible, interoperable, and


compatible with all key technology platforms and modern tech-stack
components clients already have in place. The suite helps tech leaders
achieve four key objectives in their AI initiatives: clean, organized, and
accurate data across internal and external sources; scalable, repeatable AI
models that build on each other; a factory-like approach to model
development and monitoring; and performance transparency that enables
quick, reliable decision making.

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11/21/23, 9:50 PM McKinsey launches new product suite to help clients scale AI

“When it comes to AI, business leaders can learn a lot from their counterparts
in Formula One racing, where QuantumBlack has its heritage using AI to
dramatically improve car performance,” says Matt Fitzpatrick , senior partner
and global leader of QuantumBlack Labs.

“Before the race, there are thousands of hours of car design, engineering
optimization, and wind-tunnel testing, all of which lead an engineering team
to believe that a car will perform well. But then there is the race itself, with
rain, spinouts, and tire issues, which requires numerous engineering
refinements. Success is determined by how a car tests, learns, and evolves
over the course of a season and how it performs in the race—not in the wind
tunnel.”

“We see a lot of technology organizations focused on engineering metrics as


the main KPI, like number of initiatives launched, data moved into a
warehouse, or predicted improvement in a model,” he continues, “but the
north star for all our AI initiatives should be field performance. We believe that
live test-and-learn cycles help organizations consistently reach the next
horizon of machine learning—and are more meaningful than building a
perfect AI model during the development phase.”

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11/21/23, 9:50 PM McKinsey launches new product suite to help clients scale AI

QuantumBlack team taking part in a hackathon, QuantumHack 3.0, in London, May 2022

QuantumBlack Horizon will power two important dimensions of our client


work in AI and machine learning. It will be the foundation for all our sector-
based analytical offerings, such as pharmaceutical and medical-product
solutions for pharmaceutical R&D and clinical-trial optimization. It also will
provide the underlying technology stack for our firm’s first work in deploying
and driving value from generative AI and foundation models.

“Our approach to AI is relentlessly focused on real-world impact,” says Alex


Singla , senior partner and global coleader of QuantumBlack. “The
introduction of QuantumBlack Horizon represents a significant step forward,
as we bring together leading technology and software that has been used on
hundreds of projects globally.”

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11/21/23, 9:50 PM McKinsey launches new product suite to help clients scale AI

To learn more about what QuantumBlack Horizon can do for you, please
email Yetunde Dada .

Please subscribe to the New at McKinsey blog for updates to QuantumBlack


Horizon.

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