Pioneering Solution Powered by Intel AI
Supercomputer Unlocks Business Value with Custom Datasets While
Maintaining High Levels of Security and Data Privacy
BOSTON, May 10, 2023
/PRNewswire/ -- Boston Consulting Group (BCG) and Intel today
announced a strategic collaboration to enable generative artificial
intelligence (GenAI) using end-to-end Intel AI hardware and
software, bringing fully custom and proprietary solutions to
enterprise clients while keeping private data in the isolation of
their trusted environments.
"Generative AI is an emerging and dynamic space, which means
organizations must pick the right technology to power their GenAI
journey," says Suchi Srinivasan, a
managing director and partner at BCG. "The technology must be
enterprise grade from day one and allow for privacy, security, ease
of use, and scalability. Our collaboration with Intel will enable
enterprises to develop competitive advantages via custom GenAI
solutions while thoughtfully navigating the people, process, and
policy changes required to derive the maximum value from these
transformative solutions."
The ability to scale AI applications throughout the enterprise
continues to challenge businesses across industries. While the new
wave of GenAI capabilities has the potential to transform entire
industries and create long-term competitive advantage, a barrier to
enterprise adoption is the inherent risks associated with data
privacy and security. At the root of this collaboration is embedded
security to better safeguard data both today and in the future.
According to joint research by BCG and MIT Sloan Management Review,
84% of global executives believe responsible AI (RAI) should be at the top of management
agendas, yet only 25% have comprehensive RAI programs in place.
"Generative AI requires a truly democratized approach that
enables more secure and scalable choice so enterprises can safely
benefit from the technology," says Sandra
Rivera, executive vice president and general manager of the
Data Center and AI Group, Intel. "Our collaboration with BCG allows
us to help customers build generative AI applications that require
technology optimized across the entire stack completely inside
their chosen security perimeter."
Enterprises also struggle with nascent tools to monitor and
manage these GenAI solutions at scale and integrate them easily
into existing enterprise workflows. This collaboration allows for
an out-of-the-box, turnkey enterprise-grade offering that enables
enterprises to meet scaling and life-cycle management requirements
easily and in a more cost-effective manner.
BCG leveraged Intel's AI supercomputer powered by the
complementary advantages of Intel Xeon Scalable Processors and
AI-optimized hardware accelerators (Habana Gaudi) as well as
production-ready hybrid cloud-scale software to power a domain
specific foundation model trained on BCG proprietary data, which
delivers insights based on over 50 years of highly confidential and
proprietary data. In addition, all AI training and inferencing was
completed within BCG's security perimeter.
Together with a custom natural language chatbot interface
powered by Intel AI hardware and software, BCG employees were able
to retrieve and summarize information via semantic search that was
previously buried in long lists of multi-page documents. Compared
with the existing keyword search solutions utilized by BCG
employees, users reported step change improvements of a 41%
increase in satisfaction, 25% growth in result relevancy, and 39%
increase in improved work completion rates using the
production-grade GenAI application.
The joint offering powered by this collaboration is designed to
solve diverse real-world business problems such as employing
automated portfolio management agents for the asset management
industry, airline maintenance operations using proprietary airline
data, and more-secure software development agents with custom
confidential codebases.
Learn more about BCG's perspectives on generative AI here.
Media Contacts:
BCG:
Eric Gregoire:
+1 617 850 3783
gregoire.eric@bcg.com
Intel:
Kacie Thomas:
+1 559 287 0325
kacie.thomas@intel.com
About Boston Consulting Group
Boston Consulting Group
partners with leaders in business and society to tackle their most
important challenges and capture their greatest opportunities. BCG
was the pioneer in business strategy when it was founded in 1963.
Today, we work closely with clients to embrace a transformational
approach aimed at benefiting all stakeholders—empowering
organizations to grow, build sustainable competitive advantage, and
drive positive societal impact.
Our diverse, global teams bring deep industry and functional
expertise and a range of perspectives that question the status quo
and spark change. BCG delivers solutions through leading-edge
management consulting, technology and design, and corporate and
digital ventures. We work in a uniquely collaborative model across
the firm and throughout all levels of the client organization,
fueled by the goal of helping our clients thrive and enabling them
to make the world a better place.
About Intel
Intel (Nasdaq: INTC) is an industry
leader, creating world-changing technology that enables global
progress and enriches lives. Inspired by Moore's Law, we
continuously work to advance the design and manufacturing of
semiconductors to help address our customers' greatest challenges.
By embedding intelligence in the cloud, network, edge and every
kind of computing device, we unleash the potential of data to
transform business and society for the better. To learn more about
Intel's innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo, and other Intel
marks are trademarks of Intel Corporation or its subsidiaries.
Other names and brands may be claimed as the property of
others.
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SOURCE Boston Consulting Group (BCG)