Alan Shearer’s Post

The latest insights on AI consulting, particularly generative AI adoption, indicate a significant increase in investment, with many organizations looking to scale AI capabilities and create tangible value. According to Deloitte's Q3 2024 report, two-thirds of organizations are boosting their investments in generative AI due to its strong value proposition, with the main benefits being efficiency, productivity, and cost reduction. However, there are challenges such as data quality, intellectual property issues, and governance and risk management. Over 75% of companies have increased their investments in data life cycle management to ensure successful scaling of AI initiatives(Deloitte United States). #TKGlobalAssociates #tkglobalassociates.com #AIConsulting

The rapid emergence of AI has created a significant sense of urgency across all industries and sectors and for KPMG – like many businesses – it’s transforming how we work. It was great to speak virtually to David Rowlands, our Global Head of AI, and colleagues at the KPMG Global AI Summit this week. As I’ve written previously, AI comes up in every single conversation I have with clients and colleagues. They have lots of questions and they are looking to us for answers. We know AI can only reach its full potential when it’s paired with human expertise. And when people have trust that it will be used responsibly to change things for the better. This week, the best minds in AI at KPMG are leveraging our collective strengths – in everything from technology transformation to audit and assurance – to develop cutting-edge approaches that will supercharge every aspect of our business, and our people with AI. Combined with the deep sector and business process knowledge of the KPMG professionals we have in every corner of our global network, AI is already driving a tremendous step forward in delivering the best solutions to the biggest challenges our clients are facing. #AI #innovation #makethedifference

The days of one-size-fits-all AI in consulting are fading. Consultants are embracing a new era of specialized AI tools tailored to specific industry needs and project types. Here's why it matters: ✅Deeper Insights: Industry-specific AI tools leverage specialized data sets, leading to more accurate analysis and actionable recommendations. ✅Enhanced Efficiency: Streamlined workflows and automated tasks free up valuable consultant time for higher-level strategic thinking. ✅Reduced Risk: AI-powered tools can identify potential pitfalls and hidden trends, allowing for proactive risk mitigation. Specialized AI isn't a magic bullet, but it's a powerful weapon in the consultant's arsenal. Are you leveraging the power of niche AI tools? Share your experiences in the comments! Go to 🔗10xconsultant.ai and enroll into our Advanced Gen-AI course #10xConsulting #10xAICourse #10xBusinessConsultants #ConsultingLife #Consulting #Consultant #ConsultingToolkit #ConsultingMemes #ConsultingTrends #AINews #AICourses #GenerativeArtificialIntelligence #ArtificialIntelligence #ConsultingLife

As AI continues to evolve and become more accessible, its disruption in the consulting industry cannot be overstated. Consultants are leveraging AI not only to refine their decision-making processes but also to enhance their market value—whether their projects are primarily AI-driven or not. According to a McKinsey & Co. study, the adoption of AI has nearly doubled in recent years. In 2017, only about 20% of firms reported using AI in at least one area of their business. By 2022, that figure had risen to 50%. Looking ahead to 2024 and beyond, the stakes are even higher. Many experts predict that consulting firms failing to embrace AI may struggle to remain competitive within the next five years. However, integrating AI into consulting practices isn't without its challenges. The AI consultants I engage with daily are navigating a complex landscape—from developing effective implementation strategies to staying ahead of evolving regulations that ensure AI is used ethically. As someone deeply involved in the data space, I’m excited to see how this rapidly advancing technology will continue to disrupt and shape the consulting market in the coming years, and how in turn, it affects the role of consultants across the industry! #AIConsulting #AI #ArtificalIntelligence #McKinsey

While there’s no one-size-fits-all approach to introducing AI technology enterprise wide, EY teams have learned a lot from advancing AI capabilities across the 150 countries in which the organization operates. Learn more: https://ow.ly/ZUul30sBVPB #EYCanada #BetterWorkingWorld

2024 is shaping up to be a year rich in innovation and AI transformation. Our CEO, Christoph Schweizer recently discussed the surge in generative AI adoption within the corporate sphere over the last year, marking a shift in corporate attitudes towards AI from experimentation to full-scale integration. The applications are limitless, ranging from customer service chatbots to data migration and the transformation of research and development in healthcare. It's exciting to witness BCG at the forefront, guiding companies on their AI journeys and being part of such revolutionary projects.

2024 is shaping up to be a year rich in innovation and AI transformation. Our CEO, Christoph Schweizer recently discussed the surge in generative AI adoption within the corporate sphere over the last year, marking a shift in corporate attitudes towards AI from experimentation to full-scale integration. The applications are limitless, ranging from customer service chatbots to data migration and the transformation of research and development in healthcare. It's exciting to witness BCG at the forefront, guiding companies on their AI journeys and being part of such revolutionary projects.

2024 is shaping up to be a year rich in innovation and AI transformation. Our CEO, Christoph Schweizer recently discussed the surge in generative AI adoption within the corporate sphere over the last year, marking a shift in corporate attitudes towards AI from experimentation to full-scale integration. The applications are limitless, ranging from customer service chatbots to data migration and the transformation of research and development in healthcare. It's exciting to witness BCG at the forefront, guiding companies on their AI journeys and being part of such revolutionary projects.

2024 is shaping up to be a year rich in innovation and AI transformation. Our CEO, Christoph Schweizer recently discussed the surge in generative AI adoption within the corporate sphere over the last year, marking a shift in corporate attitudes towards AI from experimentation to full-scale integration. The applications are limitless, ranging from customer service chatbots to data migration and the transformation of research and development in healthcare. It's exciting to witness BCG at the forefront, guiding companies on their AI journeys and being part of such revolutionary projects.

2024 is shaping up to be a year rich in innovation and AI transformation. Our CEO, Christoph Schweizer recently discussed the surge in generative AI adoption within the corporate sphere over the last year, marking a shift in corporate attitudes towards AI from experimentation to full-scale integration. The applications are limitless, ranging from customer service chatbots to data migration and the transformation of research and development in healthcare. It's exciting to witness BCG at the forefront, guiding companies on their AI journeys and being part of such revolutionary projects.