Will AI make consultants obsolete?

131 interviews reveal surprising answers

In partnership with

Aloha from Riyadh,

where it's 44Β°C/111Β°F - and I'm not just talking about the weather! πŸ”₯

I'm here in Saudi Arabia, prepping for the launch of the world's first "AI Maturity Index" - a global research we're developing with the Laboratory for Innovation Science at Harvard.

Goal? Map the AI adoption curve among knowledge workers byexploring 34 different work-related factorsthrough AI-assisted interviews, to provide actionable insights for optimizing AI strategies in organizations worldwide. Stay tuned for more updates… πŸš€

Meanwhile, my AI-Assistant has been crunching data from 131 interviews we ran in the last few weeks on AI's impact on consulting. The insights? Eye-opening. Brace yourselves - consulting is in for a shakeup!

Let’s dive in! πŸ‘‡οΈ

Senior LatAm Tech Hiring in 24 Hours

CloudDevs is the largest pool of tech talent in LatAm. Our 10,000+ pre-vetted LatAm engineers have a minimum of 7 years of experience and are hand-selected for your project in just 24 hours.

Our talent is rigorously tested for problem-solving, tech stack and communication, and specialize in everything from AI and healthtech to fintech and web3.

AI in Consulting: 10 Mind-Bending Insights (And We're Just Getting Started)

I've been elbow-deep in data, analyzing how AI is set to transform the consulting industry. And let me tell you, even with just 20% of our data crunched, the insights are... well, they're making my head spin.

Here's a sneak peek at what we're uncovering. Fair warning: some of these might keep you up at night.

1. The New Business Model: Disruption is an Understatement

AI is revolutionizing the economics of consulting. Our research shows a clear trend towards outcome-based pricing, with AI enabling more precise value measurement. We're seeing consultancies tap into previously unreachable SMB markets, thanks to AI-driven efficiency. The value proposition is shifting from human-hours to AI-augmented insights. Here's what this means:

πŸ’₯ The Democratization Double-Edged Sword

  • Top-tier consulting for all? It's coming. No more "sorry, we only work with Fortune 500s."

  • Prices are set to plummet. Great for clients, but for us...? Time to rethink our value prop, folks.

  • Silver lining: A whole new market of SMBs suddenly in our reach. Think of it as consulting's own gold rush.

πŸ’° From Time to Outcomes

  • Billing for time? That's so 2023. Like charging for the number of typewriter keys hit.

  • The shift to outcome-based pricing is accelerating. No more hiding behind billable hours. Results or bust.

  • Get ready to put your money where your AI-enhanced mouth is. High risk, high reward. You game?

2. The New Value Proposition: Welcome to the Age of Hyper-Efficiency

AI is redefining consulting at its core. Our interviews reveal a dramatic shift: clients now demand real-time, AI-driven insights, while consultants are rapidly integrating these tools into their daily work. Traditional hierarchies are crumbling as AI tackles junior-level tasks, and a new breed of 'AI-native' consultants is emerging. The consulting value proposition is evolving at breakneck speed - adapt or risk obsolescence. Here's what's coming:

πŸš€ The "Sonic Boom" Effect

  • We're not just adopting AI; we're hurtling towards a discontinuity. Forget gradual change. This is zero to light speed.

  • While we fiddle with current AI tools, the real game-changer is sneaking up: the drop-in AI worker. It's like going from a calculator to a supercomputer overnight.

  • Imagine AI colleagues automating entire job functions. Yeah, it's that big. We're talking AI that joins your Zoom calls, writes your reports, and maybe even cracks a joke or two.

πŸ€– AI Agents: Not Quite Yet, But...

  • Custom GPTs and AI assistants? They're just the warm-up act. Like comparing a tricycle to a Tesla.

  • The main event - truly independent AI agents - is still on the horizon. But it's a near horizon, not some far-off mirage.

  • The gap is closing faster than you might think. One day you're teaching AI, the next it's teaching you. Wild, right?

πŸŒ™ Moonshot Renaissance

  • AI is turning "not worth it" into "why didn't we do this sooner?" It's like suddenly having a magic wand for all those back-burner projects.

  • One consultant's mind-bender: A 100-hour project now takes 10 hours. Let that sink in. It's not just saving time; it's redefining what's possible.

  • "Moonshot thinking" isn't just for tech giants anymore. It's your new normal. Time to dream bigger, because AI's got your back.

🧠 The New "Full Stack" Consultant

  • Forget being a jack of all trades. AI's got that covered. It's mastering the basics faster than you can say "PowerPoint."

  • The future? Hyper-specialists with AI superpowers. Think industry guru meets tech wizard.

  • Deep industry knowledge + AI proficiency = the new consulting holy grail. It's not about knowing everything; it's about knowing how to ask AI anything.

3. The New Environment: Adapt or... Well, You Know

Here's the kicker: all this change? It's creating a whole new ecosystem. The consulting jungle is evolving, and only the fittest will survive. We're not just talking about new tools or skills. We're talking about a fundamental shift in how we learn, grow, and build our teams. Buckle up:

πŸƒβ€β™‚οΈ The Learning Imperative

  • "Adapt or die" just became very, very real. It's not about keeping up; it's about staying ahead.

  • Continuous learning isn't just nice-to-have. It's do-or-die. Your brain on AI steroids, constantly upgrading.

  • The biggest barrier? Time. (Ironic, given what AI promises, right?) But here's the thing: make time, or time will make you obsolete.

πŸ‘Ά The Vanishing Junior Consultant

  • Entry-level positions might become an endangered species. Sorry, fresh grads. AI doesn't need coffee runs.

  • AI's taking over data analysis, research, basic report writing... All the traditional "learning the ropes" stuff.

  • The big question: How do we nurture the next gen of leaders? When AI handles the grunt work, how do newbies cut their teeth?

And here's the kicker: This is just from 20% of our data. We're still digging, still analyzing, still uncovering jaw-dropping insights that might reshape everything we thought we knew about consulting.

Want the full story as it unfolds? Stay tuned. We're packaging these bombshells into a report that'll be your survival guide for the AI consulting revolution.

In the meantime, I'm dying to know: Which of these is making your palms sweat? What's got you excited? Hit reply and spill. Your input could shape where we dig next.

Here's to riding the wave, not getting swept away by it!

P.S. Time to update that daily routine. Carve out 15 minutes for AI updates. Trust me, it might be the most important quarter-hour of your day. It's like compound interest for your career – a little every day, and suddenly you're miles ahead.

Until next time,

Iwo

Senior LatAm Tech Hiring in 24 Hours

CloudDevs is the largest pool of tech talent in LatAm. Our 10,000+ pre-vetted LatAm engineers have a minimum of 7 years of experience and are hand-selected for your project in just 24 hours.

Our talent is rigorously tested for problem-solving, tech stack and communication, and specialize in everything from AI and healthtech to fintech and web3.

AI in Consulting: 10 Mind-Bending Insights (And We're Just Getting Started)

I've been elbow-deep in data, analyzing how AI is set to transform our industry. And let me tell you, even with just 20% of our data crunched, the insights are... well, they're making my head spin.

Here's a sneak peek at what we're uncovering. Fair warning: some of these might keep you up at night.

1. The New Value Proposition: Welcome to the Age of Hyper-Efficiency

AI isn't just changing the game; it's creating a whole new playing field. We're seeing a seismic shift in what clients will expect and what we can deliver. The value we bring is evolving at warp speed, and if we don't keep up, we'll be left in the dust. Here's what's coming:

πŸš€ The "Sonic Boom" Effect

  • We're not just adopting AI; we're hurtling towards a discontinuity. Forget gradual change. This is zero to light speed.

  • While we fiddle with current AI tools, the real game-changer is sneaking up: the drop-in AI worker. It's like going from a calculator to a supercomputer overnight.

  • Imagine AI colleagues automating entire job functions. Yeah, it's that big. We're talking AI that joins your Zoom calls, writes your reports, and maybe even cracks a joke or two.

πŸ€– AI Agents: Not Quite Yet, But...

  • Custom GPTs and AI assistants? They're just the warm-up act. Like comparing a tricycle to a Tesla.

  • The main event - truly independent AI agents - is still on the horizon. But it's a near horizon, not some far-off mirage.

  • The gap is closing faster than you might think. One day you're teaching AI, the next it's teaching you. Wild, right?

πŸŒ™ Moonshot Renaissance

  • AI is turning "not worth it" into "why didn't we do this sooner?" It's like suddenly having a magic wand for all those back-burner projects.

  • One consultant's mind-bender: A 100-hour project now takes 10 hours. Let that sink in. It's not just saving time; it's redefining what's possible.

  • "Moonshot thinking" isn't just for tech giants anymore. It's your new normal. Time to dream bigger, because AI's got your back.

🧠 The New "Full Stack" Consultant

  • Forget being a jack of all trades. AI's got that covered. It's mastering the basics faster than you can say "PowerPoint."

  • The future? Hyper-specialists with AI superpowers. Think industry guru meets tech wizard.

  • Deep industry knowledge + AI proficiency = the new consulting holy grail. It's not about knowing everything; it's about knowing how to ask AI anything.

2. The New Business Model: Disruption is an Understatement

Hold onto your hats, folks. The way we do business? It's about to be turned on its head. AI isn't just a new tool in our belt; it's reshaping the entire economics of consulting. We're talking new markets, new pricing models, and a whole new way of thinking about the value we bring. Check this out:

πŸ’₯ The Democratization Double-Edged Sword

  • Top-tier consulting for all? It's coming. No more "sorry, we only work with Fortune 500s."

  • Prices are set to plummet. Great for clients, but for us...? Time to rethink our value prop, folks.

  • Silver lining: A whole new market of SMBs suddenly in our reach. Think of it as consulting's own gold rush.

πŸ’° From Time to Outcomes

  • Billing for time? That's so 2023. Like charging for the number of typewriter keys hit.

  • The shift to outcome-based pricing is accelerating. No more hiding behind billable hours. Results or bust.

  • Get ready to put your money where your AI-enhanced mouth is. High risk, high reward. You game?

3. The New Environment: Adapt or... Well, You Know

Here's the kicker: all this change? It's creating a whole new ecosystem. The consulting jungle is evolving, and only the fittest will survive. We're not just talking about new tools or skills. We're talking about a fundamental shift in how we learn, grow, and build our teams. Buckle up:

πŸƒβ€β™‚οΈ The Learning Imperative

  • "Adapt or die" just became very, very real. It's not about keeping up; it's about staying ahead.

  • Continuous learning isn't just nice-to-have. It's do-or-die. Your brain on AI steroids, constantly upgrading.

  • The biggest barrier? Time. (Ironic, given what AI promises, right?) But here's the thing: make time, or time will make you obsolete.

πŸ‘Ά The Vanishing Junior Consultant

  • Entry-level positions might become an endangered species. Sorry, fresh grads. AI doesn't need coffee runs.

  • AI's taking over data analysis, research, basic report writing... All the traditional "learning the ropes" stuff.

  • The big question: How do we nurture the next gen of leaders? When AI handles the grunt work, how do newbies cut their teeth?

And here's the kicker: This is just from 20% of our data. We're still digging, still analyzing, still uncovering jaw-dropping insights that might reshape everything we thought we knew about consulting.

Want the full story as it unfolds? Stay tuned. We're packaging these bombshells into a report that'll be your survival guide for the AI consulting revolution.

In the meantime, I'm dying to know: Which of these is making your palms sweat? What's got you excited? Hit reply and spill. Your input could shape where we dig next.

Here's to riding the wave, not getting swept away by it!

P.S. Time to update that daily routine. Carve out 15 minutes for AI updates. Trust me, it might be the most important quarter-hour of your day. It's like compound interest for your career – a little every day, and suddenly you're miles ahead.

Until next time,

Iwo

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