Deloitte Puts Shoulders Behind Scale-up Predikt for International Growth

Predikt, which specialises in predicting the cost of production of goods (COGS) using AI, has attracted Deloitte, the global leader in digital transformation and business consulting, as a partner. With an extensive international network and in-depth industry knowledge, Deloitte will help to market the Belgian-Swiss scale-up’s AI tool beyond our borders and build a commercial strategy. Today, the partners also present a joint report showing that the need for data-driven and proactive decision-making is growing rapidly. Yet barely 22% of companies have so far integrated predictive analytics tools into their organisation.

Predikt developed an advanced AI tool that maps more than 10 million macroeconomic signals, such as global commodity prices, consumer behaviour and inflation. By combining these signals for companies with internal financial data, Predikt provides valuable insights that help them make strategic decisions, mitigate risks and discover growth opportunities.

Partnership

To implement its AI product widely within companies, Predikt is now counting on Deloitte’s expertise. To this end, the scale-up will work with three different teams within the professional services firm: finance, supply chain and procurement. By partnering with the consultancy firm, Predikt makes its solution more widely accessible. With their experience and expertise within different sectors, the partners together aim to help multinationals in managing financial risks and forecasting the macroeconomic environment.

‘The partnership with Deloitte is a gamechanger,’ says Nick Vandesype, CEO of Predikt. ‘Their in-house expertise and network give us access to the largest companies in the world, where our solution will be implemented quickly and efficiently. This not only gives us a boost in credibility, but also in our commercial story and go-to-market strategy. The integration of technology within a company is never completely isolated, but must fit within a broader business process. That is why it is crucial to bring on board a partner like Deloitte, who can assist the client throughout the implementation.’

Potential of predictive analytics

To highlight the potential of the partnership, Deloitte and Predikt conducted joint research on the application and adoption of predictive analytics within finance departments. The survey shows how, partly due to current macroeconomic uncertainties, organisations are increasingly relying on data-driven decision-making. As many as 36% of business leaders want to automate tasks using predictive analytics, leading not only to increased efficiency but also to a reduction in human error.

‘At Deloitte, we believe that amidst economic volatility, leveraging predictive analytics is not just a luxury but a necessity for business resilience. Our partnership with Predikt aligns perfectly with this philosophy, as we bring our extensive industry expertise and global network to the table, empowering financial leaders to foresee risks, seize opportunities, and make strategic decisions with unprecedented clarity and assertiveness. This collaboration marks a pivotal moment in how businesses approach proactive decision-making, reinforcing our commitment to fostering innovation and driving transformative growth for our clients,’ states Yoann Busigny from Deloitte.

Insight as leverage for better guidance

The survey results are of strategic importance for both parties. They provide insight into where companies are today in their adoption process of predictive technology and where the biggest barriers lie.

‘For both Deloitte and Predikt, this research is crucial to really understand where companies are today in their transition to data-driven decision-making,’ says Vandesype. ‘We wanted to know not only how many organisations are already using predictive analytics, but also to what extent they are experiencing the benefits, where they encounter stumbling blocks in implementation and what needs remain unmet. With these insights, we can maximise our strengths as a technology partner and implementation partner. Preach delivers the tool, Deloitte ensures a smooth and sustainable integration.’

To learn more, visit www.predikt.ai.