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 can help consultants to identify key market trends, develop more accurate market research reports, and craft more effective marketing strategies.

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. Accurate Predictions AI can also help consultants to make more accurate forecasts.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Emergence of Formal Behavioral Insights Teams and Initiatives

Steve Shu Consulting

One the other hand, possibilities for competitive differentiation and new products seem limitless. For example, Opower tapped into a great market using software-as-a-service and a behavioral efficiency model for saving energy. As another example, when I was working with Allscripts we had more of a strategic, business unit approach.

Video 230
article thumbnail

Book Review of “The New How” (Business Strategy Book)

Steve Shu Consulting

It is atypical for me to write a book review for this blog, but Nilofer Merchant’s “ The New How: Creating Business Solutions Through Collaborative Strategy ” is very respectable contribution to both audiences of this blog and the process of strategy development in general. through customized, experiential learning sessions.

Strategy 218
article thumbnail

Case Interview: Beyond Common Frameworks

Tom Spencer

In this post, I will give you a very quick example to explain how powerful this tool can be (if you are interested, you can read more details about STP here ). This market can be segmented in many ways, including by age of customers and product categories (step 2). Let’s use Kogan.com again here as an example.

article thumbnail

The Five Pillars of Marketing Success

The Fearless Marketer

In the above example, the target was the “high-tech plastics industry.” But it’s more common to hear things like, “I work with large companies who want to increase productivity.” A Focused marketing strategy is more like a putting on a theatrical production. What is your Focused Marketing Strategy?

Marketing 110
article thumbnail

Engaging Employees in Health Care Data Security

Harvard Business

For this industry especially, security policies that reduce productivity are at irreconcilable odds with the organization and its patients. For example, is it easy for employees to contact security staff about a questionable email, and is there a simple, secure tool for sending sensitive information to patients?

Data 33