Lukas Feuerstein

#McKinsey has been building capabilities in #AI for years, helping organisations create sustainable value through #digital solutions. As we help our clients, we are doing the same for our Firm: We were among the first in our industry to launch a proprietary generative AI tool. Andreas Ess, Head of QuantumBlack, AI by McKinsey Switzerland, explained in the HANDELSZEITUNG how we use our AI platform "Lilli" as a "knowledge companion" when it comes to the processing and initial analysis of large volumes of data. "Lilli" was named in honour of Lillian Dombrowski, who joined McKinsey as an accountant in 1945 and was the first woman to be hired as a professional by our Firm. AI can enable new ways of operating that are more efficient and impactful, without sacrificing the essential human touch. Read the article here: https://lnkd.in/dbqN6CBE Read more about McKinsey's view on the organisation of the future, its strategies, structures and talent management here: https://lnkd.in/dpE-e8Cw #NeverJustTech

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The newest edition of EY Public Policy Pulse is out and it's filled with the latest European public policy themes that are shaping the landscape of EY and its clients: 🌱 #ECGC2024: here’s how good governance, good business and sustainability align 🔮 #MoD2024: ‘5 Cs’ Europe needs for #AI excellence and innovation 🎯 Global trends in #AIregulation: What's in store for Europe and beyond? 🗺️ How can Europe promote sustainable and resilient #supplychains? Get the answers in our latest EY Trade & Sustainability report Read more here:

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🚀 Modernizating Legacy Applications is hard? Think again! Today, I want to introduce you to the Deloitte innoWake™ platform, our very own solution suite to modernizing legacy applications. Organizations often hesitate to replace legacy systems due to the cost and perceived risk of disruption to business operations. However, with the right tools and approach, legacy systems can be transformed into powerful digital platforms in a low-risk, effective way. 🔄    How does our platform help with this? 🔍 Discovery: when it comes to exploring legacy code, databases, batches, and their dependencies, our solution generates a clear view of the system’s structure. This understanding is critical for planning a smooth migration and ruling out any surprises when it comes to actually implementing it.   🔄 Transformation: Fully automated refactoring of legacy code into modern languages can be dramatically accelerates modernization compared to a manual, partially-optimized process, removes the need for code freezes, and turns this into a low-risk approach. Modern refactoring produces easily maintainable code. 🌐 Modernization: Don't forget about re-designing and modernizing the applications both functionally and technically. Turning monolithic applications into loosely coupled services, reducing code complexity and redundancy, introducing object-orientation, inheritance, modern frameworks... Our advanced microservices design tools, monolith cutter, and large-scale code refactoring enable a consistent and scalable approach to modernization - not just for transformed legacy code.    Migrating legacy systems using our modernization platform creates possibilities for cloud, analytics, security, and artificial intelligence. Many legacy systems can’t stay as they are now. What’s your roadmap for application modernization? 🗺️  #LegacySystems #DigitalTransformation #ApplicationModernization #appmodbydeloitte

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Cloud is delivering value and returns for European companies. In our latest research, ‘95 percent of European companies said they’re capturing value from the cloud, and more than 1 in 3 say they intend to have more than half of their workloads on the cloud.’ However, there’s still much to be done for European companies to reach their full potential with cloud. To deliver on their growth aspirations and harness new technologies like generative AI companies will need to accelerate their cloud programs to focus on business innovation capabilities rather than simply to improve IT productivity. This article by my colleagues Bernardo Betley, Hana Dib, Bjørnar Jensen, Thomas Delaet, and Bernhard Mühlreiter from McKinsey Digital and Cloud by McKinsey delves into this critical subject. It presents five strategic priorities for players looking to adopt and leverage cloud that delivers value and returns. Learn how to adopt and scale the cloud now: https://lnkd.in/ebq5DUp5 #cloud #computing #data #datatransformation #NeverJustTech

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In today’s data-driven world, ensuring your data is ready for #AI adoption is more crucial than ever. Our latest document, “AI Data Readiness (AIDR)” by #Deloitte , outlines the essential steps and considerations for preparing your data to leverage AI solutions effectively. Key Highlights: 1. Business Context: Understand the purpose and impact of AI on your business. 2. Techniques & Algorithms: Identify the right methods for your use case. 3. Data: Ensure data governance, quality, and ethics are top-notch. By following the AIDR approach, you can: • Improve data quality and availability. • Ensure compliance with data privacy regulations. • Develop robust data governance frameworks. Ready to transform your business with AI? Dive into the full document to learn more and get started on your AI journey! #AI #DataReadiness #BusinessTransformation #Deloitte

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