McKinsey Builds AI Assistant to Scan Data and Answer Analyst Questions

McKinsey's new generative AI tool, Lilli, searches data silos to provide summaries and expert recommendations

Ben Wodecki, Jr. Editor

August 18, 2023

1 Min Read

At a Glance

  • Consulting firm McKinsey unveiled an AI assistant called Lilli that lets staff query its knowledge base to get data insights.

McKinsey has built a generative AI solution to help its analysts generate insights for clients wherever the data resides.

Dubbed Lilli, the AI solution can scan more than 100,000 documents and interview transcripts.

McKinsey staff can type in a question and Lilli scans McKinsey’s array of data to return relevant insights. It can also summarize key points, include links and identify relevant experts. Lilli works on both internal data and external sources.

“Lilli aggregates our knowledge and capabilities in one place for the first time and will allow us to spend more time with clients activating those insights and recommendations and maximizing the value we can create,” said Erik Roth, a senior partner with McKinsey who leads the firm’s Lilli development team.

The AI platform is named after Lillian Dombrowski, the first professional woman hired by McKinsey in 1945, who went on to become the controller and corporate secretary for the firm.

McKinsey plans to upskill staff on prompt engineering and content validation to better use Lilli.

The unveiling of Lilli comes as McKinsey steps up its AI efforts. The consulting giant acquired the likes of Iguazio to support QuantumBlack, McKinsey’s AI consulting team.

About the Author(s)

Ben Wodecki

Jr. Editor

Ben Wodecki is the Jr. Editor of AI Business, covering a wide range of AI content. Ben joined the team in March 2021 as assistant editor and was promoted to Jr. Editor. He has written for The New Statesman, Intellectual Property Magazine, and The Telegraph India, among others. He holds an MSc in Digital Journalism from Middlesex University.

Keep up with the ever-evolving AI landscape
Unlock exclusive AI content by subscribing to our newsletter!!

You May Also Like