If 2023 was the year the world discovered generative #AI, 2024 is the year of implementation (and deriving value from) this breakthrough technology. 🙌 Our State of AI 2024 survey is out, and our latest findings show that organizations are already seeing material benefits from gen AI use, reporting both cost decreases and revenue jumps in the business units deploying the technology. Overall, 65% of respondents report that their organizations are regularly using gen AI now – nearly double what our previous survey found just 10 months ago. There’s a lot more to unpack. For the latest insights, check out the full survey. 👉 https://lnkd.in/eADN79Cd #AIbyMcKinsey #ArtificialIntelligence #GenerativeAI #Innovation
QuantumBlack, AI by McKinsey
IT Services and IT Consulting
Intelligence. Beautifully Engineered.
About us
We are QuantumBlack, AI by McKinsey. We bring the power of Artificial Intelligence combined with the unique strengths of people, to create a new source of dynamic, competitive advantage we call hybrid intelligence. QuantumBlack was born and proven in Formula 1, where teams live and breathe data. Today, we are the Artificial Intelligence (AI) arm of McKinsey & Company. At QuantumBlack, you’ll tackle critical problems faced by the world’s leading organizations—and society—while collaborating with the brightest strategic, data science and engineering minds. We put the health and safety of our people - candidates, clients, communities - first. We provide flexibility for our people to shape their working models. In today’s competitive environment, organisations that respond faster to change, with better insight and greater precision, hold a sustainable advantage. At the same time, information has gone from scarce to superabundant, affording an unprecedented opportunity for them to do so. Effective decision-making is therefore increasingly underpinned by data processing and technology capabilities. QuantumBlack, AI by McKinsey 🔎 ⬇️ Follow and like posts that use the following hashtags, most relevant to you, to see more from our community: #QuantumBlack This is our general tag where you can discover all things QuantumBlack #AIbyMcKinsey This is where you can learn all about our insights, AI experimentation, and key tips that could help as you explore what AI can do for your business #HybridIntelligence Explore what this term means, and why it’s been integral to the evolution of technology and human achievement. #LifeatQB Our colleagues use this tag for events, training, socials, and offers a glimpse inside our culture #QBCareers If you’re interested in joining QuantumBlack, be sure to keep an eye on this one. Our team will use it to let you know about upcoming events and new roles.
- Website
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https://www.mckinsey.com/business-functions/quantumblack/how-we-help-clients
External link for QuantumBlack, AI by McKinsey
- Industry
- IT Services and IT Consulting
- Company size
- 1,001-5,000 employees
- Headquarters
- Global
- Type
- Privately Held
- Founded
- 2009
- Specialties
- Data Science, Data Analytics, Bespoke Engineering, Decision Mapping, Options Analytics, Information Design, Sourcing Intelligence, Resource Planning, Training, Data Visualisation, artificial intelligence, machine learning, MLOps, Advanced Analytics, Data Pipelines, AI innovation, Reinforcement Learning, AI and business consulting, Performance management, hybrid intelligence, Data, IoT, AI scale, and AI risk management
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Employees at QuantumBlack, AI by McKinsey
Updates
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Artificial intelligence can help us solve some of the world’s most challenging and intractable problems. There have been dramatic advances in the AI field over the past two years, and the technology’s potential to help us address social issues is ever-expanding. As the technology moves from predictive to generative capabilities, its impact on organizations of all sizes spans across sectors, and there is a real opportunity to harness AI's potential to deliver positive social change in the world. However, as often with AI, it is important to keep ethics front of mind. To you, what of the following ethical considerations is the most challenging to implement in social good projects to ensure trust? 👇 #ArtificialIntelligence #AIbyMcKinsey #Digital
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Test your knowledge! Can you guess the missing words from these well-known data-related phrases? 👇 Here are some hints for each! 1: An early conceptual design for a computer proposed in the 1830s, and considered the first design for a general-purpose mechanical computer. 👨💻 2: The concept of blending the power of human expertise with the computational capabilities of machines. 🤝 🧠 3: An approach in data and AI development where a major change, implementation, or migration is executed in a single large-scale effort, rather than gradually. 💥 4: Systems that can accommodate various types of data, including structured, semi-structured, and unstructured. 🧱 Write your answers in the comments! #QuantumBlack #Technology #ArtificialIntelligence #AIbyMcKinsey
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Despite generative AI interest surging around the world, few businesses are seeing sustainable value from their models. So, what’s driving this disconnect? And how can businesses achieve scale? Our next webinar will take a look. 👀 Join us next Wednesday the 17th at 11 am ET, for the second webinar in a three-part series exploring how organizations can unlock the full value of gen AI. This time, we’ll be exploring how to scale your use cases successfully, including: the core dimensions of a digital and AI transformation; the best practices for capability building; and how to address gen AI risks. Register here: https://mck.co/4cQu7Tk See you there! #QuantumBlack #AIbyMcKinsey #GenerativeAI #ArtificialIntelligence
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Managing data remains one of the main barriers to value creation from generative AI. About 70% of AI top performers say they’re experiencing difficulties integrating data into their AI models. So, how can data and AI leaders tackle those challenges to move from pilot to scale? Gen AI tools can accelerate the development of data products and data platforms – as well as improve their performance. Here are three actions that leaders can consider to strengthen the readiness of their data for gen AI use cases. 👇 Read more about these actions and why they matter: https://lnkd.in/e8aZ7WRc #AIbyMcKinsey #GenerativeAI #ArtificialIntelligence
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Is generative AI the next steam engine? 🚂 This game-changing technology has unparalleled potential to shape the future of production, marketing, communication, sales, and many other aspects of doing business that have already been revolutionized dramatically over the past 12 months. To hear about this topic and more, tune in to the latest edition of our At the Edge podcast – where our colleague Lareina Yee talked with Reid Hoffman, co-founder of LinkedIn and Inflection AI, and founding investor in OpenAI. Together, they discussed how organizations can unlock the true value of gen AI and how this transformative tool is fueling a new cognitive and industrial revolution. 👉 https://lnkd.in/ej8bhgtz #AIbyMcKinsey #AtTheEdge #GenerativeAI
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Last month, McKinsey Financial Services gathered together 280+ executives from more than 150 leading financial services institutions for our 21st Global Digital Banking Conference, where the discussion focused on how the banking sector is changing, particularly in light of the rise of AI. Here were the key takeaways. 👇 Scaling digital banking: Despite some initial reservations, incumbent institutions have now cracked the digital banking code, and we’re witnessing a surge in competition in the sector. 📈 Technology is now viewed as a core capability: Today, banks want tech skills in-house and are behaving more like tech companies, particularly when it comes to capability building. 👩💻 Generative AI on the rise: While banks are exploring gen AI, we’re still missing broad evidence of businesses using this technology to scale - expect this to change come our 22nd conference, though! 🤖 Read the full takeaways here: https://lnkd.in/eXBVRk-V #QuantumBlack #AIbyMcKinsey #ArtificialIntelligence #GenerativeAI
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There’s a race on to capture value from digital and AI, and some industries like consumer packaged goods (CPG) risk falling behind. What can help them accelerate their efforts and move from pilot purgatory to scale? 🪜 Our research shows that while many companies are experimenting far and wide with digital and artificial intelligence (particularly gen AI), most are struggling to extract value from these experiments at scale. CPG companies are especially among the poorest performers – despite the huge value at stake. To truly outcompete in the age of digital and AI, leaders must learn to rewire their organizations from the ground up. Swipe below for six questions that can help with that process, and read our full article to dive deeper. 👉 https://lnkd.in/ePRPjPiN #AIbyMcKinsey #ArtificialIntelligence #GenerativeAI
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Most of us know (and maybe use) at least one multimodal generative AI system these days – but how much do you know about this new step forward in large language models? 🫣 In the first chapter of our AI Trends Dictionary, we explore what multimodal generative AI is and its enormous learning potential! Let us know a term you’d like explored in the next Trends Dictionary! #AIbyMcKinsey #ArtificialIntelligence #GenerativeAI #ChatGPT
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For years now AI has helped to advance the UN’s 17 Sustainable Development Goals. But today, thanks to the rise of generative AI and advancements elsewhere, these efforts are accelerating dramatically. 🌍 We delved into the data into our latest research, analyzing over 600 use cases and 1,000 non-profit deployments of AI to see how this technology can deliver social good for the entire world. Several key use cases emerged, including: health and wellbeing; gender equality; quality education; and affordable and clean energy. But deploying AI in these fields is easier said than done and multiple challenges remain. We outlined what these are and how to overcome them here: https://lnkd.in/dkDzXvyW #QuantumBlack #AIbyMcKinsey #SocialGood
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