Since 2009, QuantumBlack has provided software, analytics, and support to 3 of the top Formula One teams, helping them win more than 300 Championship points through better race strategy decision-making.
Formula One is a hyper-competitive sport. At the end of 2010, 10 of the top 20 drivers were separated by 5 points or less in the Championship; 7 by 2 points or less. The relative competitiveness of the field has in turn made race strategy a critical aspect of that competition.
We have developed a powerful suite of competitive analysis and statistical estimation techniques, opponent forecasting and strategy optimization methods, and advanced visual interfaces for race strategy decision-making. These algorithms have assisted in the accrual of more than 300 Championship points since 2009.
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Since 2010, Formula One teams’ operations are subject to a headcount and spending cap, making resource allocation and utilization an ever greater part of how teams compete in the development race. Working with one Formula One team, we developed a decision platform to help improve how resources are deployed to development and production activities.
How resources are deployed across development and production activities has implications for the rate of innovation and the speed at which a team derives benefit from these innovations. The constraints imposed on teams’ operations by the Formula One Teams’ Association (FOTA) Restricted Resource Agreement (RRA) have made it all the more critical for teams to understand the effectiveness of how resources are deployed across their organization.
Working with one Formula One team, we developed a decision platform to help capture data about resource utilization and performance gains, investigate and understand the tradeoffs of different resource allocation strategies, and help optimize resource deployments to maximize performance over a specified time horizon.
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