All articles tagged with #consulting
OpenAI launches the Frontier Alliance with BCG, McKinsey, Accenture and Capgemini to help enterprises move beyond pilot projects by pairing OpenAI engineers with consultants to embed AI into core workflows through the Frontier platform, addressing data integration and staff training for broader AI deployments.
McKinsey & Company is rapidly embedding AI agents into its operations, aiming to have AI-enabled support across its 60,000-employee workforce (40,000 humans and roughly 20–25 thousand AI agents). CEO Bob Sternfels indicated the firm now has around 60,000 total staff, with AI agents numbering closer to 25,000, and he envisions every employee being “enabled by at least one” agent within 18 months. QuantumBlack leads the AI initiatives, and McKinsey’s business model is shifting toward AI-enabled, outcome-based client engagements as the industry broadly adopts generative AI to automate analysis, planning, and execution in consulting.
Andersen Group, a consulting firm spun off from the auditors of Enron, is valued at $1.75 billion in its initial public offering, highlighting its significant market valuation post-separation.
Deloitte is refunding the Australian government after using AI to produce a flawed $440k report on a problematic IT system, raising concerns about the ethical and practical implications of AI in consulting and government projects.
The article discusses the importance of consultants in addressing new threats like AI, explores radicalism within teachers unions, and offers advice for Gen Z on living well, highlighting diverse perspectives and community engagement.
The article discusses how McKinsey, a consulting firm, historically positioned itself as an expert in navigating rapid business changes, but the title suggests it may be exploring how the firm has lost its competitive edge over time.
Julie Sweet has transformed Accenture into a leading global consulting and technology firm by making bold decisions, such as exiting Russia swiftly during the Ukraine invasion, aggressively acquiring AI and digital capabilities, and restructuring the company to better serve clients in a rapidly changing technological landscape. Her leadership has driven significant growth, strategic innovation, and a focus on reinvention, despite personal and political challenges.
Kevin O’Leary warns Gen Z students against pursuing consulting careers, calling it a 'drift into hell' that taints resumes and limits future freedom, and encourages them to pursue entrepreneurship instead for true independence.
Navin Chaddha discusses how AI will transform labor-intensive industries like consulting, law, and accounting by enabling outcome-based, software-like margins, and advises targeting neglected markets rather than competing with giants. He highlights the potential for small companies to leverage AI for high margins and emphasizes the importance of disciplined investing in the rapidly evolving AI landscape.
Accenture is experiencing a slowdown in new business and bookings due to heightened economic and geopolitical uncertainty, leading to postponed hiring, a focus on larger projects, and organizational changes, with concerns about future growth especially from reduced US government contracts.
McKinsey is reducing its staff by 10% over two years as part of a strategy to improve profitability.
McKinsey & Company has agreed to pay $650 million to settle claims with the U.S. Justice Department over its role in the opioid crisis. The settlement addresses allegations that the consulting firm advised opioid manufacturers on how to "turbocharge" sales of the addictive painkillers, contributing to the nationwide epidemic.
The article outlines five ways to make money from home using AI, including starting an AI content agency, becoming an AI prompt engineer, launching an AI design service, creating AI business systems, and offering AI strategy consulting. These opportunities allow individuals to leverage AI to create new income streams, replace traditional salaries, and enhance business operations. The article emphasizes the importance of ethical AI use and transparency with clients to build a strong reputation in the growing AI industry.
McKinsey & Co. is offering underperforming employees nine months' pay and career counseling to help them transition out of the company, as part of its efforts to manage performance and development in a supportive manner amidst a slowdown in the management consulting industry.
McKinsey is reportedly offering managers in its UK and US offices up to nine months of pay and career coaching services to leave the firm, as part of its efforts to trim headcount amidst a slowdown in the consulting industry. The offer allows managers to spend up to nine months searching for a job while still receiving their salary and access to company resources, but they would have to leave McKinsey even if their job hunt proves unsuccessful. This move follows previous efforts by McKinsey to cut jobs and increase performance pressure on its employees.