McLaren Applied Technologies, the advanced technology, innovation and design company, and Deloitte, the business advisory firm, today announce the launch of a new partnership.
The two firms will collaborate to build data-driven business products. These will draw on McLaren’s engineering, sensor, simulation and analytics experience first developed and proven in the ultra-competitive world of motorsport, coupled with Deloitte’s digital and analytics experience delivering large consulting projects globally. The joint partnership will aim to create products that can provide more than £1bn in annual benefits for clients by 2022, including savings, growth, productivity and quality improvements.
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 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 improving scheduling, traffic congestion and accident response time in complex transport networks; raising quality and compliance in manufacturing supply chains; or live outpatient monitoring and treatment in healthcare.
As part of the partnership, the two firms will aim to hire around 150 new highly-skilled employees. The majority of these will be based in joint headquarters in central London, expected to open in early 2018. Building on extensive existing skills in both organisations, they will be looking to recruit additional professionals with experience in product and software development, data analytics and data science, the Internet of Things (IoT), machine learning and AI.
While the partnership will be headquartered and initially launched in the UK, the products created will be rolled out across clients and markets in Deloitte’s global network of member firms over the next two years. This will include target markets in North America, Europe and Asia.
Mike Dobby, Vice Chairman and Senior Consulting Partner at Deloitte, said:
"This partnership with McLaren Applied Technologies opens up a number of opportunities for Deloitte, particularly for our consulting business. Increasingly clients are turning to us not only for advice, but also for digital and physical products to solve their problems. McLaren has a proven record of successfully applying their technologies to real-world business situations across a range of sectors. By combining this with our own global digital advisory experience, today’s announcement is the start of an exciting move for both firms to create revolutionary data-driven products for our clients."
Ian Rhodes, Chief Executive Officer, McLaren Applied Technologies, said:
"McLaren is first and foremost a technology company and among the pioneers of collecting data through sensors and then interpreting and using that in clever ways to generate insight. We realise the huge potential for us to take that kind of experience to improve businesses and solve some of their most pressing challenges. So it makes sense for us to partner with a company like Deloitte who have a range of complementary digital and analytics skills, combined with a global network of clients and locations, to scale our co-created data-driven business products. I’m pleased to say that, in doing so, the partnership will be hiring around 150 new people in the first wave who will form part of highly skilled and energetic teams to put at our client’s disposal, across a focussed range of sectors."
Keep up to date with the latest information on the new partnership by visiting the McLaren Deloitte website.