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Insight success The 30 Most Valuable Consulting Companies

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Chalk Talk<br />

<strong>The</strong> Criss-Crossing of<br />

Artificial<br />

Intelligence<br />

&<br />

<strong>Consulting</strong><br />

<strong>The</strong> diligent invention and innovation by research teams in companies around the world have<br />

helped to keep-up with the pace of technological expansion in computer processing power for<br />

several decades. This led to the ability of technology companies to put more computing<br />

power than the whole Apollo space program into the bags of more than a billion people worldwide.<br />

Everything around us including music, books and even movies have taken a digital physiognomy.<br />

<strong>The</strong>re is a considerable amount of threat to both people and their enterprises due to these increasingly<br />

intelligent digital technologies and unpredictable customer expectations.<br />

<strong>The</strong> last few decades have been an amazing time for consultancies with full of revenue and<br />

opportunities provided by these technological advancements. Clients were desperate for solutions to<br />

help them match these changing times. This has led to the growth of management consulting in size<br />

and scale, expanding multiple technologies and even marketing specialties. <strong>The</strong> increase in the<br />

divergence of the large international consultancies into other specialisms is the first step to what<br />

fallouts in an inevitable shrinkage forced upon the industry.<br />

<strong>The</strong> same forces that are causing a feeling of disequilibrium for the firms that consultancies serve are<br />

also causing the same challenges, trepidation and uneasiness for the consulting firms. One of all the<br />

major game-changers of the consulting industry is the inception of Artificial Intelligence.<br />

Intervention of Artificial Intelligence<br />

Mechanical muscles made human labor less in demand, so are mechanical minds making human brain<br />

less in demand. You might misinterpret this as an economic revolution which is more appropriately a<br />

44<br />

| February 2017 |

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