Crazyrebel(l)s ist umgezogen! » lways been humanity’s greatest progress-wh

How Can AI-Based Automation Transform the Business Consulting Landscape?
Posted by lindawilson on January 22nd Jimmy Butler Jersey , 2019




The invention has always been humanity’s greatest progress-wheel. From the dawn of scientific renaissance led by Leonardo Da Vinci and et al, the industrial revolution, driven by Europe, electronics’ advent centered around the transistor, and finally the digital age’s evolution catalyzed by the Silicon Valley, the human world has become what it is today based on these game-changing phase shifts. And Dion Waiters Jersey , we are again at the juncture of a new revolution—AI. According to visionaries, what we have till now is only ‘narrow AI’ and it’s far from its true potential. When AI’s true prowess unfolds, we would witness much greater and faster phase shifts than ever before based solely on this technology.


Hence, automation based on data analysis and AI has already disrupted major industries, especially those involving mundane tasks. The most notables are in web-based services, customer servicing Goran Dragic Jersey , manufacturing, and more. However, even though majorly based on manual brilliance, AI is undeniably disrupting business consultancy services too on a scale incomprehensible. This new innovation has contributed to the growth of a new generation of tech-savvy, and data-equipped consultancy firms that are slowly replacing their conventional counterparts. Here are a few ways how AI-based automation is transforming this complex industry:


Data Collection, Analysis Alonzo Mourning Jersey , and Insights


Data-based decision making is the new elixir for business success. Business consultancy is all about unlocking unique insights based on huge chunks of existing information to help a firm grow. Computational programs based on AI have the capability to collect, organize, and screen through massive amounts of existing data on a scale that is clearly impossible by sole human capabilities. These include every department of an industry—production and operations, supply chain, marketing, sales Miami Heat Jersey , and more. In every one of the above cases, AI algorithms can churn out the primary level insights after fed with gazillions of raw data. Business consultancy firms, hence, can be more data-informed than ever before and devise unique strategies based on these insights and would help its client firms to grow.


Management or Admin Operation Automation


Business consultancy firms are most plagued with routine tedious tasks such as creating client invoices, insight and result reports, payroll methods Dwight Howard Jersey , and more. A recent research report suggests that a significant amount of time is lost by business consultancies of all scales on these mundane, so-called ‘administrative, official’ tasks that drive away their focus from the real solutions.


AI-based RPA or robotic process automation can be the ideal solution to digitize these mundane, admin tasks. From creating and generating invoices, managing payroll systems, generating data-rich reports Zach Randolph Jersey , record-keeping, analysis to find record-book or data-book mismatches, scheduling meetings, internal process automation, RPA can be a real game changer for business consultancies. Doing away with manual requirements in mundane operational tasks would enhance the overall productivity of business consultancy firms and allow them to focus on what is actually necessary!


Predictive Analytics


An essential part of the business consultancy is not just to give decisions that would be necessary to augment the growth of client firms in the present market scenario, but actually Marc Gasol Jersey , predict what the market would behave in the upcoming periods and how the client firm should tackle those. Traditional approaches included nerdy domain researchers working day in and day out feeding on existing data and churning out predictions and hence creating strategies according to those future scenarios. Obviously, those were error-prone and consumed huge amounts of time and cost!