Moxie Insights’ Post

Exciting News! I am thrilled to share that I have taken on a new role as the AI Lead for PwC Consulting in Denmark, eager to contribute to our mission of driving innovation and excellence in AI. At PwC Consulting, we are committed to helping organizations harness the power of AI to achieve their strategic goals. Our services include: - How to Adopt AI in an Organization: Guiding businesses through the process of integrating AI into their operations. - AI Readiness Assessment: Evaluating an organization’s preparedness for AI implementation. - Setting Up a Secure AI Environment: Ensuring robust and secure AI infrastructure. - Responsible AI: Promoting ethical and responsible AI practices. - Development of AI Pilot Use Cases and Transition to Production: From pilot projects to full-scale AI deployment. I am excited to work with the most talented team and collaborate with our clients to unlock the full potential of AI. Let’s shape the future together! Feel free to connect with me to discuss how we can leverage AI to drive your business forward. #AI #PwCDenmark #Innovation #AIReadiness #ResponsibleAI #AIinBusiness

This week, Deloitte is rolling out a new AI chatbot called PairD to assist their client-facing consultants and accountants with the more monotonous tasks on their to-do lists. Tasks like digging out case studies for a proposal and creating summary slides. They hope it will boost productivity - and it almost certainly will. They aren't the only firm doing this. Late last year, McKinsey & Company launched Lilli, an AI tool to assist their team when trawling through their massive internal knowledge base for relevant insights. How will #AI disrupt management consulting and professional services more widely? I sat with my co-founder Tom Hewitson at General Purpose AI Training to talk through these innovations.

Boardroom #executives have mixed views on the ideal pace of AI adoption and current state of readiness, according to a #Deloitte Global report published Tuesday. Despite a lack of consensus, leaders agree that there’s currently a lack of board-level AI insight. Just 2% of boards said they were highly knowledgeable and experienced in AI, the survey of 468 board members and #C-suite executives found. More than half say their organization is AI-ready, while 41% disagree. Around half of respondents said they want the pace of adoption to accelerate, while a similar proportion expressed concern or dissatisfaction with the amount of time spent addressing #AI. Deloitte I have author an article of the Board and Senior Management Teams - https://lnkd.in/gjpJDfBR

AI is coming for your consultancy 🤖 Will you survive or be swallowed whole? Learn how to position your consultancy in this AI-driven world. https://lnkd.in/eTC8GWyA

According to @Accenture’s estimates, 90% of companies are exploring AI or generative AI capabilities. However, Ashraf says fewer than a third of those firms are taking proper steps to set themselves up for success, such as establishing an AI center of excellence or developing use cases in a structured way. He also said that fewer than 20% of companies are getting close to the goals established for AI investments. To maximize a company's chances of seeing ROI when it comes to AI, Ashraf suggested incorporating five steps. #AI #ROI #genAI #CFO #finance #technology #value #success #leadership

Industry leaders are at a crossroads, from internal financial concerns to existential threats posed by AI advancements; challenges in generative AI specifically are as varied as they are complex. How enterprises navigate these ever-changing seas will shape their future and redefine their increasingly expansive role in a business landscape evolving beyond traditional models. Criticism of core competencies among industry-leading firms like McKinsey is intensifying. There is worry that consultants lack the substantial go-to-market and profit-and-loss experience needed in today’s volatile markets. A perceived deficiency in real-world experience and a results-driven approach has created some doubt when it comes to their value proposition. In addition, traditional consulting models face challenges with AI technologies powered by advancements like Gen AI (GPT-4). These advancements offer analytical and strategic planning services with incredible speed, efficiency, and cost-effectiveness. This creates the question, are these large consulting firms necessary or relevant? From massive and sudden change comes an opportunity: generative AI consulting. Bernard Marr, a Forbes contributor, discusses Accenture's industry-leading $3 billion investment in generative AI, highlighting its strong financial performance and the sector's potential profitability. With revenue surpassing $600 million in a single quarter and a projected annual income of up to $2.4 billion, Accenture is the industry standard as of today. Other consulting firms like EY and KPMG are not far behind. They are creating niches in generative AI consulting. EY focuses on using generative AI as a transformative accelerator, while KPMG supports clients through use case prioritization and governance policy establishment. #GenAI #Consulting #Forbes Gen AI Revolution Is Reshaping The Future Of Traditional Consulting https://lnkd.in/dtVc6Rcx

If everyone in consulting, all over the board, can double their production today with some help from AI. From associates to senior partners. From graphic designers to management consultants. Is there a market for everyone? And if not, who stands to gain from this revolution? My prediction will be smaler and more specialized entities with a next to no overhead. In this 2 minute article i argue that AI has changed the competitive landscape completely. And that the good old days where all might were in numbers are gone. At least for now. #management #consulting #ai #aiadoption

Ethical AI is very important consideration in the ARM space when choosing a partner. EXL's approach will put your mind at ease.

According to new research from PwC, fewer than half of senior Irish executives believe AI can replace their staff. However, there is no doubt that upskilling employees with be significantly more important as AI tools become integral to daily operations. Ensure your employees stay ahead of the curve through continuous learning. Upskill and reskill your employees with short, flexible, accredited courses known as micro-credentials: https://lnkd.in/eJdqMbA4 https://lnkd.in/eZix8BvF Irish Independent | #artificialintelliegence #careerdevelopment #continuouslearning #employeetraining

According to the McKinsey Global Survey 2023, one third of respondents are already employing #GenerativeAI tools in at least one business function. Anand Logani, Chief Digital Officer at EXL, points out that while adoption and implementation can be daunting, businesses that adopt a holistic approach that encompasses technical readiness, workforce upskilling and ethical considerations can navigate this transformative path successfully.   See more of Andy's considerations for ethical AI governance and operational transformation in his article for the Financial Times. https://lnkd.in/eFQYgDjf