Alex Panas’ Post

This will be the year for generative AI to prove its value. Bold leaders will look to harness the best organizational and technological capabilities as they rewire their businesses for lasting innovation. We’re going to help them. I am thrilled to announce that McKinsey and NVIDIA have joined forces to enable these leaders with the power of generative AI. Through our strategic alliance, enabled by QuantumBlack, AI by McKinsey, we are combining the best of NVIDIA’s leading-edge technology and McKinsey’s value-enhancing capabilities to help clients tap generative AI’s $4 trillion productivity potential. The relationship is already delivering impact for several clients. One example is a global leader in point-of-sale devices for retailers, which is undergoing a transformation into a digital retail solution provider. With the support of McKinsey’s strategic consulting services and NVIDIA AI technology, they are developing AI-based solutions that optimize promotions through hyper-personalization. Some details on the technology: The work is powered by NVIDIA Merlin, a GPU-accelerated framework for building high-performing recommender systems at scale. It leverages the power of NVIDIA Tensor Core GPUs and a transformer-based model, which is a significant departure from conventional reliance on CPUs for handling complex data. Its constituent libraries, NVTabular and Transformers4Rec, exemplify innovation and have the potential to revolutionize industries worldwide. That’s just one example of the way NVIDIA and McKinsey are helping our clients outcompete and paving a new path of impact through technology. We’re excited about what we’re already achieving—and we know this is just the beginning. You can learn more here: https://lnkd.in/gJUye4zJ

I’m thrilled to announce our collaborative partnership with NVIDIA! 🚀   Our clients have been eager to harness #GenerativeAI to enhance their operations' productivity, cost efficiency, analytical insights, and creativity. QuantumBlack, AI by McKinsey, will continue to leverage NVIDIA’s groundbreaking technology, providing our clients with the most innovative generative AI solutions available and helping them harness the GenAI opportunity. Kudos to our NVIDIA friends Manuvir Das, Shanker Trivedi, Alvin Da Costa, Diane Genova, and Scott Mohr for the collaboration and partnership. 🙏 Many thanks to my McKinsey & Company colleagues Alex Panas, Bill Wiseman, Alex Singla, Alexander Sukharevsky, Daisuke Nozaki, Takuya Kudo, Harmeet Atwal, Doruk Caner, Yaron Haviv, Mickael Brossard and many others for making this happen... It takes a village. #QuantumBlack #GenerativeAI #NVIDIA_AI

Transition to zero emission technologies has broad implications to players across the value chain from OEMs to end-users such as fleets and rental companies. We see major shifts in business and technology strategies along with business and operating models for ecosystem players. #Bauma #Energytransition #constructionequipment #offhighway #offhighwayequipment #electrification #hydrogen #constructionindustry #constructionnews

Today is the day my co-authors Gaurav Batra and Nick Santhanam and I have been waiting for — the launch of our book, The Titanium Economy. I’ve spent a big part of my professional career working with high performing industrial technology companies - many thriving in America’s heartland. Hard-working companies that are quietly driving innovation, caring for their workers, and beating analyst expectations. Every single day. These companies are not often featured on the front pages of leading newspapers. But we'd argue they should be. My colleagues and I saw an opportunity to tell the story of these Titanium Economy businesses that are ubiquitous - yet largely overlooked. They help us create more jobs, a cleaner planet, and a more inclusive and diverse economy. Our hope in sharing more about this overlooked industry is that we can continue to shift the debate around US manufacturing, from pessimism to possibility. Thank you to Gaurav and Nick for an amazing partnership - and to our many collaborators who continue to help us shine a spotlight on this important sector: David Ebenstein, Kimberly Borden, Inga Maurer, Alex Panas, Jared Retka, Henry Bristol, Harry Lesher, Alexander Emmert, and many, many more. Humbled does not begin to cover it. #TitaniumEconomyBook #IndustrialTechnology

Zero emission technologies including battery electric and hydrogen powertrains are at the cusp of taking off in the off-highway equipment sector, driven by local regulations and ESG commitments from users. Early adoption is expected on the compact construction equipment range, scaling up to more than half of the market adopting these technologies by 2035 as infrastructure develops and regulations tighten. #Bauma #Energytransition #constructionequipment #offhighway #offhighwayequipment #electrification #hydrogen #constructionindustry #constructionnews

I’m just over 100 days into my new role as McKinsey’s global managing partner and have spent most of that time talking to clients, colleagues, recruits and other leaders to understand what is on their minds. Today I’m excited to share my first post on what I believe is the imperative for the next era of business: sustainable and inclusive growth.  In this new article - co-authored with my McKinsey colleagues Tracy Francis, Anu Madgavkar, and Sven Smit – we propose a way for changemakers in business, government and society to start exploring this challenge. We argue in favor of the “and”: sustainability, AND inclusion AND growth are deeply connected, and cannot be viewed as trade-offs.     We at McKinsey have put this at the top of our research agenda and are excited about working with our clients to take action.   The full article can be found here https://lnkd.in/gB_Tuy_D.    Let me know what you think in the comments.  #sustainability #inclusion #growth