Alteryx, the Analytics Automation company, announced a new multi-year technology partnership with McLaren Racing to help the McLaren Formula 1 team accelerate the insights needed to drive breakthrough outcomes and fuel performance through intelligent analytics automation.
“While data fuels performance and business insights, the power of analytic automation accelerates the ability for McLaren to go from data to discoveries to decisions – in minutes,” said Mark Anderson, chief executive officer of Alteryx. “Our unprecedented ease-of-use and intelligent automation will super-charge the team’s ability to simplify the complex and refine terabytes of data to power the efficiencies needed to perform at top race speeds.”
In an environment where speed and performance are key, McLaren relies heavily on data-driven insights to drive advantages across both races and their operations. From parts manufacturing and logistics to fan engagement, the Alteryx platform will provide the McLaren Formula 1 team with an easy-to-use automation-first approach to analytics and data science.
Also Read: The AI Arms Race
Some examples where Alteryx powers analytics for McLaren include:
- Digital Manufacturing: The average F1 race car comprises over 25,000 separate parts and components. To be more efficient in how they plan, produce and develop their cars, real-time, analytics automation and modelling enables manufacturing optimisation and cost efficiencies.
- Race Day Logistics: Moving heavy freight, equipment and car parts needed for race weekends can be immensely complex and costly. By leveraging Alteryx geospatial analytics and automating business processes, the team mitigates risks by optimizing processes and timeframes to ensure vehicles and the right parts get to the right teams at the right time.
- Fan Engagement: When it comes to the complex and technical world of F1, fan engagement is key. Underscoring the need to elevate the human connection with the brand, drivers and the team, McLaren is supercharging fan engagement through automated behavioural and sentiment analysis throughout the race calendar.
- Back Office Automation: For faster information delivery and analysis at race speed, McLaren is streamlining critical manual office of finance processes at scale. Through a range of analytics automation, the teams will surface actionable insights that maximise their data’s value while reducing operational costs and increasing efficiencies.
“In racing, we are always looking to refine our learning to help us go quicker,” said Zak Brown, Chief Executive Officer of McLaren Racing. “Partnering with Alteryx transforms the way data is collected and provides an easy way to help us make decisions faster by analyzing data at speed through intelligent analytics automation. We look forward to working with leading analytics solution, Alteryx, to drive efficiencies for the 2021 season and beyond.”