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McKinsey & Company has announced the Southeast Asia launch of QuantumBlack, an advanced analytics firm, during its flagship digital event Decoded 2019. Acquired by McKinsey in 2015, QuantumBlack will open in Singapore to serve clients across Southeast Asia.

With its heritage in Formula One motor racing, QuantumBlack brings deep understanding and expertise in data-driven performance optimisation to help businesses identify, measure and act on areas for operational improvements and strategic growth.

“The opportunity in Asia is truly exciting. Some of the world’s most digitally sophisticated companies are here and within Southeast Asia, Singapore’s data-rich environment is leading experimentation across multiple industries. I look forward to growing our regional footprint and helping clients here better use their data to hone their competitive edge and improve their long-term performance,” said Jeremy Palmer, CEO, QuantumBlack, based in London.

According to a 2018 McKinsey study[1] based on conversations with more than 100 business executives in Asia, many organisations struggle to pinpoint the most valuable use cases for data analytics.

“The digital economy presents tremendous opportunities for Singapore to transcend limitations of size and geography and take our businesses and workers to the next frontier. The launch of QuantumBlack in Singapore is testament to our efforts to foster a vibrant and innovative digital ecosystem in Singapore,” said Chan Chun Sing, Minister for Trade and Industry, Singapore, who participated in the opening plenary discussion with Tan Hooi Ling, co-founder of Grab, and Tan Su Shan, Group Head, Institutional Banking, DBS.

Supported by the Singapore Economic Development Board (EDB), QuantumBlack’s priorities with its Southeast Asia launch include:

  • Supporting organisations to enhance performance and drive growth (see Annex A: Client examples)
  • Building a vibrant and sustainable data science and machine learning community to nurture the data science and analytics talent pool in the region and foster knowledge exchange with global experts in the field
  • Advocating for ethical and explainable Artificial Intelligence (AI) that bridges the gap between performance and interpretability, which will strengthen trust from users and allow more complex models to be implemented

“Our study shows that making meaningful use of data remains a key challenge for many business leaders in the region. With QuantumBlack’s proven expertise in using data analytics to achieve sustainable performance improvements, we look forward to helping clients here overcome that challenge. Their capabilities combined with McKinsey’s deep domain expertise and change management experience enable us to become stronger impact partners to our clients,” said Vinayak HV, Senior Partner and Leader, McKinsey Digital, Southeast Asia.

Attended by more than 300 invited C-level and senior executives from Southeast Asia’s leading firms, Decoded 2019 brought attendees through a series of breakout sessions that dived into the essential elements of tech-enabled transformation. Topics covered include advanced analytics, agile organisation, automation, core tech transformation, cybersecurity, design, digital business building, industrial Internet of Things (IoT) and partners and ecosystems.

[1] Advanced analytics: Poised to transform Asian companies, March 2018

 

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