Please see below selected recent intelligence about McKinsey & Co.
April 2016
- Kazakhstan signed a deal with Google and McKinsey to harness the power of “big data” analysis and improve efficiency in its mining industry. A government fund finalised an agreement to set up a centre for collecting and analysing data from across the mining sector, based in the commercial capital, Almaty, working in partnership with the US technology and consulting groups.
February 2016
- McKinsey was ranked by Brand Finance as the world's fifth most powerful brand (PwC was fourth). The firm has a network of more than 1,400 partners and 18,500 employees. The brand is constantly adapting to changes in the workplace, and its consultants are often drafted to lead big business transformations. Managing director Dominic Barton told The Economic Times: "If you are not thinking about what parts of your business are going to change in two years from now, you may not be around."
December 2015
- McKinsey purchased QuantumBlack, a consulting firm that helps crunch the petabytes of data behind Formula One racing and other clients in an effort to help companies get their own edge when it comes to making real-time data speak. QuantumBlack, based in London, will keep its management team, and will operate as a wholly owned subsidiary of McKinsey. The deal is one of several acquisitions that the company has made this year as it attempts to build the firm for an anticipated shift in how companies do business.These include acquisitions of design firm LUNAR, aerospace and defence analysis firm VisualDoD, and retail analytics firm 4tree. So what is going on? McKinsey has anticipated that the Internet of Things, the upcoming wave of connected sensors that spew data constantly requiring analysis and new computing architectures, will lead to new business models and also $11 trillion in value. However, it also will render many businesses obsolete.
November 2015
- McKinsey launched ‘The McKinsey Podcast’ which it describes thus, “Our new, flagship podcast series takes you inside our global firm, featuring conversations with experts on the issues that matter most in business and management.” The podcasts run to 25 minutes, with innovation, gender equality and the future of energy the first cabs off the rank.
October 2015
- McKinsey purchased 4tree, a German Big Data solution company serving retail, fast moving consumer goods and B2B industries. 4tree, founded in 2010 by Sebastian Hanhues and Daniel Hagemeier, supports clients across three key disciplines: retail analytics expertise, best practice statistical algorithms and highly efficient IT. With the acquisitions, McKinsey Solutions taps into the growing market for analytics-driven support in the retail landscape. A recent study by the firm for instance showed that brands with greater digital capabilities are able to convert sales at a rate 2.5 times greater than those with lower capabilities.
- McKinsey Solutions added another team to its portfolio: VisualDoD. The Reston, Virginia (US) based firm was founded in 2012 by Michael Cadenazzi, and specialises in defence market software development and consulting. The firm’s proprietary product, the VisualDoDTM software platform, allows leaders in the defence industry to optimise their operations through the automation of analyses and visualisations, enabling real-time insights. The entire team of VisualDoD joined McKinsey, with the product now part of McKinsey Solutions.
July 2015
- In 'A window of opportunity for Europe', McKinsey argued that Europe’s economic growth since the start of the financial crisis has been sluggish, and the region faces difficult long-term demographic and debt level challenges, but the convergence of low oil prices, a favourable exchange rate, and quantitative easing has given these economies a chance to unlock new economic dynamism by undertaking ambitious reforms and stimulating job creation and investment. The report identified 11 growth drivers in three areas - investing for the future, boosting productivity, and mobilising the workforce- that can help Europe achieve its aspirations. By scaling and speeding reform, mostly at the national level, and stimulating investment and job creation throughout the region, Europe could close its output gap, return to sustained growth of 2 to 3% a year over the next 10 years, unleash investments of €250 billion to €550 billion annually, and create more than 20 million new jobs.
May 2015
- McKinsey acquired Lunar, a product design consultant based in San Francisco. It is rumoured that McKinsey first approached Lunar is 2013, when they had 75 employees. Lunar’s four offices are in San Francisco, Chicago, Munich, and Hong Kong. For Wired, the deal illustrates just how central design is to business today—and how design’s influence is growing beyond the tech industry into the corporate world at large.
February 2015
- McKinsey’s Dominic Barton was elected as Managing Director for a third three year term by the firm’s partners. Under McKinsey’s rules, managing directors are limited to three terms.
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