Lilli represents a significant leap in the consulting industry, empowering McKinsey’s consultants to unlock their creative potential and provide unprecedented value to clients.
– **Initial Challenge**: McKinsey faced the issue of efficiently utilizing its extensive reservoir of insights, documents, and expertise, which was time-consuming and limited the firm’s agility.
– **Traditional Solutions**: Previous attempts like curated databases and analytics tools improved some aspects but failed to comprehensively address the multidimensional challenge of quick knowledge retrieval.
– **Introduction of Lilli**: McKinsey’s innovative AI-powered platform aimed at revolutionizing how the firm accesses and utilizes its collective wisdom.
– **Features and Capabilities**:
– Provides seamless and unbiased access to McKinsey’s wealth of information.
– Transforms intellectual property into actionable strategies.
– Evolved into a ‘thought-sparring partner,’ aiding in refining arguments and broadening perspectives.
– **Measurable Impact**:
– Significantly reduces time and effort in project planning stages.
– Benefits both junior and senior consultants by freeing time for high-value tasks.
– Metrics show up to 20% time-saving in preparation for technology strategy meetings.
– **Versatility**: Lilli can search both internal and external knowledge bases, enhancing its utility.
– **Implementation Challenges**: Required cross-disciplinary alignment, including legal, cybersecurity, and talent development considerations.
– **Team and Expertise**: Grew from a small team to a consortium of over 70 experts, with QuantumBlack’s expertise in GenAI ensuring its broad deployment.
– **Transformative Results**: Lilli not only saves time but also catalyzes new ways of problem-solving, exemplifying how technology can amplify human expertise for transformative outcomes.
