McKinsey’s QuantumBlack to set up offices in Singapore

Acquired by McKinsey in 2015, QuantumBlack will set up offices in Singapore to serve clients across Southeast Asia.
Having started off as an adviser to Formula 1 race teams a decade ago, QuantumBlack offers deep understanding and data-driven performance optimisation to help businesses identify, measure and act on operational improvements and strategic growth. 
“The opportunity in Asia is truly exciting. Some of the world’s most digitally sophisticated companies are here and within Southeast Asia, Singapore’s data-rich environment is leading experimentation across multiple industries. I look forward to growing our regional footprint and helping clients here better use their data to hone their competitive edge and improve their long-term performance,” said Jeremy Palmer, CEO of London-based QuantumBlack.
According to a 2018 McKinsey study based on conversations with more than 100 business executives in Asia, many organisations struggle to pinpoint the most valuable cases for data analytics.
“The digital economy presents tremendous opportunities for Singapore to transcend limitations of size and geography and take our businesses and workers to the next frontier. The launch of QuantumBlack in Singapore is testament to our efforts to foster a vibrant and innovative digital ecosystem in Singapore,” said Chan Chun Sing, Singapore’s minister for trade and industry, who participated in the opening plenary discussion with Grab co-founder, Tan Hooi Ling, and group head for DBS institutional banking, Tan Su Shan.
Supported by the Singapore Economic Development Board (EDB), QuantumBlack’s new priorities in Southeast Asia include:
* Supporting organisations to enhance performance and drive growth.
* Building a vibrant and sustainable data science and machine learning community to nurture the data science and analytics talent pool in the region and foster knowledge exchange with global experts in the field.
* Advocating for ethical and explainable Artificial Intelligence that bridges the gap between performance and interpretability, which will strengthen trust from users and allow more complex models to be implemented.
“Our study shows that making meaningful use of data remains a key challenge for many business leaders in the region. With QuantumBlack’s proven expertise in using data analytics to achieve sustainable performance improvements, we look forward to helping clients here overcome that challenge. Their capabilities combined with McKinsey’s deep domain expertise and management experience enable us to become stronger impact partners to our clients,” said Vinayak HV, senior partner and leader of McKinsey Digital, Southeast Asia.