Advanced technology, innovation and design company, McLaren Applied Technologies, has formed a new partnership with Deloitte in the hope of solving some of industry’s most complex challenges.
The partnership between McLaren Applied Technologies and Deloitte is expected to deliver more than £1bn in annual client benefits by 2022, realised through efficiencies, growth, productivity and quality improvements.
Upwards of 150 new highly-skilled jobs are also due to be created in the first wave of hires for their joint headquarters in London, scheduled to open in early 2018.
The two firms will collaborate to build data-driven business products, leveraging McLaren’s engineering, sensor, simulation and analytics expertise first developed and proven in the ultra-competitive world of motorsport, coupled with Deloitte’s digital and analytics experience delivering large consulting projects globally.
Looking to address complex, industry-wide challenges and improve performance across clients’ businesses – initially focussed in healthcare, life sciences, retail and transport – the products will reportedly combine specialist hardware and software, with sophisticated algorithms.
These will aim to bridge the “physical-to-digital” divide by helping organisations make sense of data. This can include capturing data from physical sensors to create a sophisticated digital record; enriching it using advanced analytics, artificial intelligence (AI) and machine learning; and delivering information in automated and more effective ways.
Initial uses for the products could include raising quality and compliance in manufacturing supply chains, improving scheduling, traffic congestion and accident response time in complex transport networks, or live outpatient monitoring and treatment in healthcare.
While the partnership will be headquartered and initially launched in the UK, the products created will be rolled out across global territories over the next two years. Specifically target markets in North America, Europe and Asia.
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