Case study: McLaren Deloitte
McLaren Applied formed a partnership with the business advisory firm Deloitte in 2017 to build data-driven business products.
These business products 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 partnership aims 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.
Find out more about McLaren Applied here.