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1 episodes · 8 quoted claims
Davide Grande said that in McKinsey's experience more than 50% of the time spent on strategic planning and control goes into creating reports that nobody reads and crunching data.
“according to our experience, more than 50% of the time of strategic planning and control is typically spent in creating reports that nobody reads, crunching data, et cetera.”
A highly efficient company combined data from more than fifty sources, including invoices, contracts, payments and operational data, to look for AI-driven cost savings, according to Davide Grande.
“why don't we leverage the data we have from more than fifty data sources, both financial data like invoices, contracts, payments, so not just numbers, but also PDFs”
Using AI on combined data, one client identified more than one hundred cost levers and reduced external costs by about 9-10%, according to Davide Grande.
“they have found more than one hundred leavers, and they they reduced external cost by 9%, nine to 10%.”
A client built an AI model that calculated the expected daily energy consumption of each branch, and the CFO's team received an alert when actual use exceeded it.
“they basically built an AI model where in each branch they would calculate every day of the year what is the statistically expected energy consumption.”
Davide Grande said the energy-monitoring AI model alone saved the client tens of millions of euros, at a time of high energy prices linked to the war in Ukraine.
“So that means only with this AI model, they saved tens of millions of euros.”
Davide Grande cited McKinsey Global Institute modelling that digital technology activities are about 11% automatable now and could reach 53% by 2030.
“For example, digital technology is already automatable at 11%, and by twenty thirty, it will be at 53%, right?”
A client renegotiated IT help-desk contracts, winning 10% savings immediately and 15-20% in future contracts by arguing that suppliers' AI-driven productivity gains should be shared.
“And so they went there, hey, we're going to share this, these profits. And so they renegotiated 10% savings right away and fifteen to 20% savings in the future contracts.”
Davide Grande said some of his clients have invested hundreds of millions in building a perfect data platform and still not reached that goal.
“I've got clients that have invested hundreds of millions in building the perfect data platform, not getting there.”