Remove Ethics Remove Examples Remove Productivity Remove Sales
article thumbnail

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 article will explore some of the most notable examples of AI in consulting, including its use in market research, strategy development, and operational optimisation.

article thumbnail

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?

Ethics 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Transformative Power of AI in Business

Tom Spencer

These systems can suggest relevant products that customers are likely to enjoy. As a result, businesses are able to provide recommendations that simultaneously enhance customer satisfaction and increase sales revenue. For example, Amazon might collect and analyze customer data such as product purchases and demographic information.

Data 147
article thumbnail

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. In manufacturing, AI can be used to optimise supply chains, increase the efficiency of production processes, and predict equipment failures. In addition, AI raises new ethical and legal issues.

article thumbnail

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.

article thumbnail

How AI is Changing the Game for Consultants

Tom Spencer

For example, AI can quickly generate key insights from unstructured data, such as customer feedback, emails, and social media posts, using natural language processing. For example, AI could be used to analyse data, such as historical sales revenue numbers.

article thumbnail

Is Your Company as Ethical as It Seems?

Harvard Business

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. For example, compensation tied solely to landing a contract invites abuse of the system.

Ethics 28