The global strategy and management consulting firm McKinsey & Company today announces the arrival of QuantumBlack, AI by McKinsey, in Malaysia.
Having supported Malaysia’s dynamic growth for more than two decades, the announcement follows the company’s 25th anniversary of its Kuala Lumpur office, which is also one of the earliest McKinsey offices to be set up in Southeast Asia.
QuantumBlack, which was acquired by McKinsey in 2015, helps organizations use AI to tackle complex problems. With its heritage in Formula 1 motor racing, QuantumBlack has been an accelerating force for McKinsey’s work in analytics.
The move to establish QuantumBlack in Malaysia is in line with McKinsey’s aspiration to accelerate sustainable, inclusive growth. The Malaysia office also serves as a hub for McKinsey’s Transformational Change Practice, Implementation Practice and McKinsey Digital across Southeast Asia.
To recap, QuantumBlack was introduced to Asia in 2019, with its establishment in the Singapore and Tokyo offices.
“As Malaysia aims to achieve its Fourth Industrial Revolution vision, QuantumBlack can be a game-changer for companies. While McKinsey has served clients in Malaysia on data and analytics, establishing QuantumBlack here will enable all of our analytics colleagues under one umbrella called QuantumBlack, AI by McKinsey, to be a valuable partner to more organizations,” said Timur Umetayev, Partner at McKinsey & Company and Regional Leader for QuantumBlack, based in Malaysia.
“With our methodology of hybrid intelligence, which is combining the power of data to unearth insights that work hand in hand with the creativity, empathy, experience, and judgement of people, we can help companies make sense of complex data faster, pinpoint where the greatest value lies, drive adoption, and scale the solution,” added Timur.
According to McKinsey’s global survey, The State of AI in 2021, AI has matured into a core topic within the CEO’s agenda of many major organizations, but only a few organizations are maximizing value. To help more organizations see higher returns from AI, QuantumBlack brings technical leaders together with industry and subject-matter experts so they are part of one process, co-creating solutions and iterating models.
“We previously found that 50% of work time in Malaysia is spent on repetitive activities that are highly automatable. As Malaysia continues to play a key contributing role in high-value manufacturing and global services, there is a great opportunity for companies to accelerate AI adoption and deliver real-world impact for their people, stakeholders, operations and the environment. Having served clients across financial, manufacturing, and healthcare industries, and for a range of functions, we are confident that QuantumBlack can support organizations regardless of their stage on the AI maturity curve,” said Paul Beaumont, Senior Principal Data Scientist of QuantumBlack.
The QuantumBlack team is a global community of more than 1,000 technical practitioners, ranging from deeply experienced data scientists and engineers to AI-fluent business consultants. QuantumBlack Labs, which is QuantumBlack’s dedicated Center of Learning for AI, leverages latest research advances to build tech assets that help companies solve real-world problems.
