Oliver Wyman brings AI offerings together under one roof: Quotient

28 June 2024 Consultancy-me.com 3 min. read

Oliver Wyman has brought together its global artificial intelligence (AI) capabilities, expertise and tools under a single roof: Quotient.

The new division unifies a global team of 300+ consultants, data scientists, engineers, and designers, with the aim to bundle capabilities for an end-to-end and more expert offering, and provide clients with a single-entry point for all their AI needs.

Notably, Quotient has three close links with the Middle East: the practice is overseen by the Dubai office, a Lebanese has been installed at the helm (Jad Haddad), and the region – which has a strong AI-appetite and leads globally on AI adoption – has been earmarked as a key market for Quotient.

Oliver Wyman brings AI offerings together under one roof: Quotient

Michael Zeltkevic, Managing Partner and Global Head of Capabilities at Oliver Wyman, said the new offering comes in response to strong client demand for AI services and solutions. “A recent Oliver Wyman report suggests AI could add up to $20 trillion to global GDP by 2030. Quotient recognizes the transformative opportunity and tackles it head-on.”

“We help clients harness the power of AI to optimize operations, unlock efficiencies, source new value streams, and enhance innovation and social impact. Our experts offer clients in-depth industry expertise…. and ensure a clear return on investment and measurable AI benefits.”

Led out of the Middle East

Jad Haddad, an AUB-alumnus and a partner with Oliver Wyman in Dubai, has been elected as Global Head of Quotient. “Quotient is the next chapter in our AI leadership, a comprehensive offering designed to be a compass for organizations in the AI revolution.”

Haddad said that Quotient’s footprint builds on an extensive track record Oliver Wyman had already built in the AI space. The strategy and management consulting firm has helped clients around the world (Oliver Wyman has offices in 70 cities worldwide) plan for their AI investments, prototype use cases and solution, and roll out AI-driven improvements.

Oliver Wyman brings AI offerings together under one roof: Quotient

Jad Haddad, Global Head of Quotient

Examples of work include helping government organisations use AI to accelerate the distribution of Covid-19 vaccines during the global pandemic, helping banks strengthen their compliance capabilities with AI, and providing corporates with better risk foresight through AI-enriched intelligence. In the region, Oliver Wyman is helping Saudi Aramco with building its AI unit, among many other cases.

“Embedding AI in any organization is no longer a luxury, it’s a necessity. Those that don’t leverage AI will fall behind. Today, businesses are unlocking incremental productivity, but market dynamics are shifting quickly, driving new models of customer engagement and business innovation.”

Further reading: GCC governments can save billions if they adopt AI.

“I’m thrilled to be taking on the challenge of transforming our clients’ organizations with AI globally, together with an amazing group of Oliver Wyman colleagues,” Haddad concluded.

The launch of Quotient comes hot on the heels of the introduction of another new label: Vector, which consolidated Oliver Wyman’s technical consulting capabilities in the aviation and transport sectors.