January 23, 2023This week, McKinsey is excited to welcome Iguazio, a leader in AI and machine learning, to our firm. With the addition of Iguazio&rsqu

McKinsey acquires Iguazio, a leader in AI and machine-learning technology

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2023-01-23 18:00:12

January 23, 2023This week, McKinsey is excited to welcome Iguazio, a leader in AI and machine learning, to our firm. With the addition of Iguazio’s technology and a team of more than 70 data and AI experts, McKinsey will be able to dramatically accelerate and scale AI deployments, driving further impact for clients.

The pace of change has never been faster. To thrive in today’s competitive market, harnessing the power of AI is essential. According to McKinsey research, more than $490 billion was invested in AI by organizations around the globe from 2012 to 2021. But most business leaders are still struggling to translate these investments into concrete returns. To add to the complexity, only 10 percent of AI projects actually succeed in a real-time business environments. 

As a leader in the technology space, QuantumBlack, AI by McKinsey has been working with clients for more than a decade to embed AI into real-time decision making to help solve the world’s most challenging problems. But one key question remained unanswered: how do organizations successfully deploy and scale AI to unlock real business value?

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