Project Flux Is AI Replacing Consultants? An Ex-Big 4 Player Weighs In
Summary
In this episode of the Project Flux podcast, Ikum Kandola, co-founder of TheAX.ai, shares his journey from PwC to launching a consultancy that leverages AI to transform traditional consulting models. The conversation explores the current state of the AI bubble, the challenges and opportunities in the consulting industry, and the importance of adapting to new technologies. Ikem discusses the concept of 'consultancy as a service' and how TheAX.ai aims to democratise access to consulting services, making them more efficient and effective. The episode also touches on the cultural resistance to AI in the UK and the potential for AI to revolutionise education and consulting practices.
Takeaways
- Ikum Kandola transitioned from PwC to co-found TheAX.ai
- The AI bubble is a topic of debate; some believe it's underhyped.
- PwC taught Ikem valuable lessons but also had aspects he wanted to unlearn.
- AI risks in consulting include public perception and data security.
- The productionization of consulting can lead to more efficient services.
- Client reactions to TheAX.ai have varied, with increasing acceptance over time.
- Cultural resistance to AI is prevalent in the UK consulting industry.
- AI in education could provide personalized learning experiences.
- The UK aims for AI sovereignty but faces challenges in implementation.
- Consultancy as a service could reshape the consulting landscape.
Chapters
00:00 Introduction to Ikum Kandola and AI Insights
02:54 The AI Bubble: Hype or Reality?
05:27 Lessons from PwC: Learning and Unlearning
08:07 Navigating Risks in AI Consulting
10:33 The Shift to Productization in Consulting
13:03 Customer Reactions to New Consulting Models
15:42 Cultural Attitudes Towards AI Adoption
18:35 The Future of AI in Education
21:11 Consultancy as a Service: A New Paradigm
21:46 Subscription Model in Consulting
23:50 Marketplace Dynamics for Consultants
25:23 AI's Role in Consulting Transformation
27:29 Real-World Applications of TheAX.ai
30:57 Levelling the Playing Field for Boutique Consultancies
32:30 Impact of AI on Large Consultancies
35:30 Investor Insights on AI in Consulting
37:34 Competing with Established Firms
39:45 Future Curriculum for Consultants
links and Stuff
- Try the AXcelerate productisation assessment: https://bit.ly/4qRSXKn
- Company website: TheAX.ai
- My LinkedIn: https://www.linkedin.com/in/ikum/
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