Using the cloud has multiple advantages over traditional IT models in terms of flexibility, speed, resiliency and scalability. However, many companies struggle to move beyond pilots, as success requires treating the cloud as an integrated business and technology transformation, rather than simply seeing it as the next generation of application hosting.
“Cloud platforms represent a trillion dollar opportunity and could deliver a 10-20% increase in EBITDA as the value of accelerating business is 10 times greater than just reducing operating costs. IT,” said Felipe Villarreal, Partner and Digital Leader for Latin America at Mc Kinsey & Company. On the other hand, many recent technologies, such as: blockchain, big data, machine learning and artificial intelligence, can only function effectively in the cloud.
Against this background, McKinsey & Company acquired Candid Partners in January 2021. This is a company specialized in cloud migrations. Out of this union came Cloud by McKinsey, an initiative already responsible for the development of more than 300 initiatives and 4 patents on this accelerating technology.
With a team that brings together business strategists and experienced engineers, developers and data scientists, Cloud by McKinsey positions cloud platforms as a strategic ecosystem that can help organizations move faster and lower IT costs, support innovation and the integration of powerful and disruptive technologies. Therefore, it supports its clients with end-to-end cloud transformations, from initial strategy, business case development and roadmap to architecture design, application migration and process optimization.
“In the year 2021, the investment in cloud and edge computing was 136 billion. At McKinsey & Company, we are committed to the cloud as an ally for processes automation, storage, fast and powerful network connections, among other things. Through this initiative, we remain committed to the companies we advise on.” Alonso Razetto, Partner and Office Manager of McKinsey & Company Peru.
The consulting firm McKinsey & Company has nearly 100 years of experience and is today present in 67 countries around the world. It partners with private, public and social sector companies to guide them in accelerating sustainable and inclusive growth, improving their performance and building a healthy long-term organization. This includes unlocking the opportunities offered by new digital technologies with a holistic view of their impact. In addition, McKinsey & Company also aims to support the region’s digital talent by training experts in cloud technologies.