Artificial Intelligence is widely recognized as the next frontier, unlocking new levels of productivity across industries. What is less discussed is how AI is set to disrupt one of its biggest advocates — consulting firms. Over the past 18 months, consulting firms have championed AI for its ability to transform client businesses. Yet, many have overlooked its potential to reshape a core aspect of their own business model: hourly billing.
Employees increasingly bring AI-tools as ChatGPT to work without supervision or formal authorisation from the organisation. This phenomenon, better known as ‘Bring Your Own Ai’ (BYOAI), presents opportunities for organisations, but also risks. Without an AI-strategy, organisations face data security and compliance issues. Organisations face important choices: What opportunities and risks does BYOAI create and why is a clear AI-strategy indispensable?
What if symbols are rooted in evolution? In this article, Nelson Phillips and Christine Moser argue that looking at the symbolic origin of humanity can help us better understand management and organization on an intrinsic level—like understanding DNA is essential to modern-day science.
In a time of accelerating technological development, educational institutions fall behind in utilizing AI’s potential. Schools are at a crossroads: embrace the AI revolution or risk becoming obsolete as pupils seamlessly surf the digital wave. Are our schools equipped to take up the challenge?
The popularity of Generative AI in Professional Service firms is growing. However, the use of language tools remains limited in taking over human responsibilities due to ethical considerations. Huge investments are made for the development of in-house language tools, but are their capabilities more extensive than a public tool such as ChatGPT? This article will provide you with a practical comparison.
Amidst the rapid AI progress, consultancies have a dilemma: using AI’s efficiency while paying attention to the environmental impact. Experts warn about relying on AI, emphasizing its lack of human empathy, and understanding, crucial in consultancy. Yet, a sustainable future lies in balancing AI’s benefits with environmental responsibility. Consultants must retain their expertise, prioritizing analysis and client relationships, steering the industry towards an environment-friendly AI-supported future.
The transformative power of AI is reshaping our world. Consultancy firms are innovating by creating AI languages, a complex process of data, fine-tuning models, and continuous improvement. As a result, major consultancy companies are likely to have integrated AI models within five years, enhancing employee performance and fostering data-driven decision-making.