Categories
AI / Big Data

5 Ways AI is Changing the Consulting Landscape

Within the competitive world of consulting, staying ahead of the curve is vital. Artificial Intelligence (AI) is a transformative force that is reshaping the way consultants deliver insights and value to clients. Some examples of AI automation tools include ChatGPT, Google Bard, and Fireflies. AI-powered tools can enable management consultants to analyse vast data sets, […]

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AI / Big Data Investing

Leveraging Artificial Intelligence in Finance

In the ever-evolving world of finance, where data analysis and informed decision-making are vital, the emergence of artificial intelligence has proven to be a transformative force. One particular facet of AI that is revolutionizing the finance industry is natural language processing, which leverages AI and machine learning algorithms to extract valuable insights from vast volumes of […]

Categories
Governance

Transforming Governance Through Modern Technology

In today’s rapidly evolving world, organizations across various sectors are recognizing the transformative potential of introducing innovation into their governance processes. The traditional methods of governance, often characterized by bureaucratic hurdles, delayed decision-making, and limited stakeholder engagement, no longer meet the demands of the modern era. However, by harnessing the power of modern technology, organizations […]

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AI / Big Data

AI-Powered Clean Tech: Transforming Business Operations

Artificial intelligence has emerged as a powerful tool in transforming various industries, including renewable energy. By harnessing the potential of AI, companies can optimize the integration and management of clean technologies, leading to increased efficiency, cost savings, and environmental sustainability. Consulting firms play a crucial role in guiding businesses through the integration of AI-powered renewables […]

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AI / Big Data

10 Ways that AI is Turbocharging Productivity

In Lewis Carroll’s novel Through the Looking-Glass the Red Queen tells Alice, “it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!” In today’s fast-paced business environment, the Red Queen’s warning rings frighteningly true. […]

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AI / Big Data

The Transformative Power of AI in Business

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. One technology that is revolutionizing the business landscape is artificial intelligence (AI). From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth. In this […]

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AI / Big Data

The Summer of AI and Consulting

A poem in six stanzas Shall I compare AI to a summer’s day? It’s bright and warm, like the sun’s rays. But AI is more than just a season, It’s a tool for consultants, with the power to reason. It helps them solve problems, with its computational might, And brings shrewd insights, that shine so […]

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AI / Big Data

Leveling Up: Consulting Skills for an AI-Powered World

This is the seventh of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

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AI / Big Data

Ethical Implications of AI in Consulting: A Deep Dive

This is the sixth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

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AI / Big Data

Real-World Examples of AI in Management Consulting

This is the fifth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

Categories
AI / Big Data

AI-Powered Consulting: Tools You Need to Know About

This is the fourth of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

Categories
AI / Big Data

The Role of Consultants in an AI-Driven World

This is the third of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

Categories
AI / Big Data

How AI is Changing the Game for Consultants

This is the second of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

Categories
AI / Big Data

AI in Consulting: The Beginning of a New Era

This is the first of a seven-part series looking at artificial intelligence and its implications for the consulting industry. AI in Consulting: The Beginning of a New Era How AI is Changing the Game for Consultants The Role of Consultants in an AI-Driven World AI-Powered Consulting: Tools You Need to Know About Real-World Examples of […]

Categories
AI / Big Data

ChatGPT: How Chatbots are Disrupting Entire Industries

As a strategy consultant at a boutique management consulting firm, I am always on the lookout for new tools that can help organizations become more efficient, effective, and innovative. Recently, I came across ChatGPT, a new chatbot developed by OpenAI that utilizes a powerful language processing model known as GPT (short for “Generative Pre-training Transformer”). […]

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AI / Big Data

OpenAI & Microsoft: A Game-Changing Partnership for AI

Microsoft’s recent announcement to invest $10 billion into OpenAI is a significant move that demonstrates the company’s commitment to advancing artificial intelligence (AI) research and development. This move highlights the growing importance of AI in the business world and its potential to drive innovation and growth. At the same time, the investment is not without its risks. […]

Categories
Consulting Industry

The Impact of AI on the Management Consulting Industry

Consulting, like many other industries, is under threat from artificial intelligence (AI) and machine learning (ML). AI refers to a range of technologies that allow computers (or robots) to perform tasks commonly associated with intelligent beings. ML plays an important part in building AI systems, and refers to the study of algorithms that improve with […]

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AI / Big Data

Artificial Intelligence – Utopian Dreams and Existential Risks

Artificial intelligence (AI) is no longer the stuff of science fiction. Stanford Professor Andrew Ng has stated that “AI is the new electricity”.[1]  In other words, it is a technology that has the potential to completely transform every major industry.  Similarly, Executive Chairman of Alphabet Eric Schmidt has declared that “we are in the process […]

Categories
AI / Big Data Healthcare

Artificial Intelligence: Its Current and Future Role in Healthcare (Part 2 of 2)

Last week we introduced how artificial intelligence is defined as well as how it is currently being used in the medical arena. This week, in the second installment of this two-part series, we will consider the potential future role of artificial intelligence (AI) in healthcare. Introduction Recently, the American Medical Association (AMA), published a policy […]

Categories
AI / Big Data Insurance

New Technologies in the Insurance Landscape (Part 1 – Artificial Intelligence)

Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. But it too is beginning to feel the effect of digital, as its slow-to-adapt mentality puts it at […]

Categories
AI / Big Data Healthcare

Artificial Intelligence: It’s Current and Future Role in Healthcare (Part 1 of 2)

This two part blog series will delve into arguably the two most important vowels in healthcare: A-I. This first part will discuss what artificial intelligence (AI) is and how it is currently being used to improve clinical care, while part 2 of this series will take a peek into what the future holds for AI. […]

Categories
AI / Big Data Strategy

How will AI transform strategic planning?

At the CES 2018 held in Las Vegas, Steve Koenig, Senior Director of Market Research at Consumer Technology Association, presented on tech trends to watch. Outlining the big picture, he described 2018 as the beginning of the “data era of consumer tech”, with the heralds of that coming age being 5G, AI, and AR. While […]

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AI / Big Data

The Worldwide Race for AI: Will the U.S. Continue to Lead in 2018?

The rise of artificial intelligence has received widespread discussion in recent times and has been predicted to play a huge role in business and financial institutions in 2018. However, its impact is likely to go well beyond the business world with AI expected to play an important role in international relations and warfare. The rise […]

Categories
Leadership

How to build your emotional intelligence and look out for those around you

There are few responsibilities we have at work that won’t be handed over to computers and automatons in the decades to come, but one skill that will never be fully devolved to the robots is emotional intelligence. Every encounter you have at work is defined by the emotional intelligence of those involved. Even when you […]

Categories
AI / Big Data

Will Cognitive Computing Disrupt the High-Skill Labor Market?

Striding along Omotesando Street in Harajuku, Tokyo in summer 2 years ago, I came across Pepper, an emotionally intelligent humanoid robot created by Softbank Robotics Holdings Group (SBRH) in one of its more grandiose Softbank Mobile stores. She greeted and guided customers through the shop. She danced to requests and wittily answered customers’ questions on […]

Categories
Economics

Understanding Intelligence

Understanding the mechanism that underlies intelligence could have big implications for economics, business and finance. The below TED Talk is worth watching.