Why AI Is Forcing a New Era of Consulting

How artificial intelligence (AI) is changing the consulting industry. Key points:

1. AI adoption in core business processes is still limited, even among active users, suggesting widespread deep integration is still a ways off. However, a majority of active users see AI as critically or at least one important piece of their business strategy.
2. AI is being used most commonly in R&D, while adoption is lower in areas like HR, likely due to concerns about potential misuse and bias.
3. AI is disrupting the consulting industry by automating some traditional consulting tasks, requiring consultants to take on new roles like validating AI outputs and managing the AI process. This shift demands that consultants develop new expertise in areas like responsible AI practices, data governance, and ethical considerations to maintain trust and credibility with clients.
4. Consultants must also guide clients through challenges like measuring ROI on AI projects, improving data quality, and navigating legal and regulatory uncertainties.

This episode calls for consultants to take a proactive, courageous stance in shaping how AI is used, not just reacting to it, to ensure AI adoption benefits clients and society.