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

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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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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. For example, AI-powered tools can process large amounts of data and identify patterns and trends that would be time consuming, or perhaps even impossible, for humans to detect.

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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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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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Proposals, Part 2: The Potential Solutions

The Consultants Peer Group

For example, your project may yield cost savings through operational efficiencies or through improved flow. Furthermore, I refer to and attach PDF copies of both the enforceable Code of Ethics and the professional Code of Conduct. In simple terms, do not end the proposal on Fees. An estimated two million folks consult in the U.S.

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Five Ways to Raise your Game in Consulting - Part 3

The Consultants Peer Group

In the previous blog, Adherence to an Enforceable Code of Ethics , I presented that adherence of an enforceable Code of Ethics would be a major part of this market differentiation. It was said, “…that Marvin incorporated the code of ethics in establishing this firm” noting the impact Mr. Bower had on the founding of McKinsey.

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