McKinsey & Company warns companies that AI spending may rise even further as agents become more common. Compared to text-based AI tools, agents can cost much more to run because they are actually completing tasks. Such tasks are often multistep processes, so the same goal can be accomplished in a variety of ways, and costs
AI is resetting assumptions about how quickly professional services firms should move, and consulting clients are getting impatient. “I am seeing clients ask for our help in delivering outcomes at a more rapid pace” compared to this time last year, Jeanelle Johnson, PwC’s managing partner for the Washington DC area, told Business Insider. “Something that
Alex Harman was on the last stretch of his trek to the top of Mount Kilimanjaro in Tanzania when he stopped on a steep part of the mountain. He had gone to bed at 3 p.m. the day before and set his alarm for midnight to start hiking early. Now the sun was coming up,
This as-told-to essay is based on a conversation with David Hatcher, the managing partner of Baringa. It’s been edited for length and clarity. I’ve been a consultant since the late ’90s. I spent most of my career focused on the energy sector, but these days, AI has become a big topic of conversation. I joined
