A detailed review of Cloud cost optimization levers and value-driven business use cases predicts more than $1 trillion up for grabs in 2030 for the 500 American companies ranked by Fortune magazine based on their revenue. And this number will grow as the Cloud facilitates the adoption of emerging technologies such as augmented reality and blockchain. McKinsey and
AWS
have partnered to help the boldest leaders secure a good chunk of it.
A news that comes at a time of increasing competitive pressure on companies. Fast-moving digital players are creating a fluid business landscape and accelerating the pace of change. For CEOs, cloud adoption isn’t just a driver for revenue growth and efficiency. The benefits of speed, scalability, innovation and productivity are essential to pursuing broader digital business opportunities, now and in the future. However, too narrow a view of the cloud as a business model prevents companies from achieving the desired outcomes.
Building on a proven history of customer impact, the world’s leading strategic consulting company McKinsey and Amazon Web Service have joined forces by offering customers new ways to identify the right cloud transformation opportunities from day one and deploy them at greater speed and scale than ever before.
“From day one, the essence of our collaboration with AWS has always been to help customers address their toughest technical and business problems through cloud transformations,” said Peter Dahlstrom, senior partner at McKinsey and global head of Alliances and Acquisitions. “But in the last three years, it has proven to be much more. Today, we have become true impact partners for our customers as we drive end-to-end, cloud-enabled business transformations that create the capabilities customers need to fuel resilience and drive growth.”
McKinsey and AWS have begun collaborating for the first time to help companies accelerate transformations through digitally native capabilities that are congenial to the Cloud as an effective and efficient business model. Together, they help customers innovate through advanced analytics, IoT, automation at scale , and “rejuvenate” by using the cloud to reduce the costs and risks of traditional IT. Combining McKinsey’s expertise and impactful approach with AWS’ growing cloud innovations and “learning by doing” model, collaboration has already impacted nearly 100 customer engagements to date.
Working together, for example, McKinsey and AWS helped a pharmaceutical company transform the patient experience by enabling remote triage through a virtual agent that handles more than one million calls per year. Or again, the collaboration between the two giants helped a famous automotive manufacturer to determine a 30% improvement in efficiency by 2025 and an expected savings of 1 billion dollars on the supply chain.
In addition, by introducing a new suite of joint offerings with AWS Professional Services, it has been possible to help customers solve more difficult technical problems and build capacity over time. New offerings include SpeedLab for Customer Experience and SpeedLab for Supply Chain. In addition, Jumpstart Cloud helps organizations set the right technical foundation and tools for rapid Cloud adoption, and Jumpstart Mainframe helps organizations unlock business value when migrating from their legacy systems.
“Our work at AWS is guided by our leadership principles with customers at the heart of everything we do,” said Al Opher, vice president of Worldwide Head of AWS Professional Services. “Combined with McKinsey’s industry values and expertise ,” concludes Al Opher This partnership provides an opportunity to raise the bar by bringing the best of AWS’ offerings and capabilities to customers. We are excited about the possibilities ahead to unlock business value for our customers.”.
“We are strongly committed to our partnership with McKinsey,” said Ruba Borno, vice president, Worldwide Channels & Alliances at AWS, “and look forward to expanding into more industries to solve complex problems and achieve significant business impact.”