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Real-World Examples of AI in Management Consulting

Tom Spencer

This article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation. This can help consultants to identify key market trends, develop more accurate market research reports, and craft more effective marketing strategies.

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Do Ethics Still Matter?

Effective Managers

Is Ethics even a thing anymore? This is where abiding by a code of professional conduct and ethics gets difficult. Do ethics stop at the profit and loss statement, or do they extend to the end-result of the intervention? Executives drive sales targets throughout the organization. So, is Ethics still a thing?

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The Transformative Power of AI in Business

Tom Spencer

For example, businesses like Netflix, Youtube, Amazon, and Airbnb use AI-powered recommendation systems to suggest movies, videos, products, and rental properties based on a user’s browsing history, past purchases, and revealed preferences based on past behavior. These systems can suggest relevant products that customers are likely to enjoy.

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AI in Consulting: The Beginning of a New Era

Tom Spencer

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. This allows consultants to focus on higher-value activities such as problem-solving, strategy development, and client communication. In addition, AI raises new ethical and legal issues.

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Leveling Up: Consulting Skills for an AI-Powered World

Tom Spencer

For example, in a retail setting, let’s say a fashion clothing client wants to understand the purchasing behaviour of their customers. Consultants are still needed to interpret the results, identifying key trends and patterns, and making recommendations that can help the client to increase sales and customer satisfaction.

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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Getting new projects – Business development is a common challenge for most independent consultants and solopreneurs. One way to get over the psychological hurdle is to avoid calling it “sales”. In my mind I’ve never done any “business development” but new clients and projects always seemed to come along.

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Is Your Company as Ethical as It Seems?

Harvard Business

You are the newly promoted vice president of business development at an oil company. This is just one example of pressures that unfortunately are all too common in business. The onus for ethical behavior falls first to the employee. Most companies talk a good ethics game and even make their goals public. Picture this.

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