The Innovation Show
Rita McGrath, Alex Osterwalder and Ryan Shanks - The Future of Consulting in an Age of Ai
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- The consulting industry is evolving rapidly as AI reshapes traditional roles, potentially leading to job displacement and a polarized job market.
- Organizations must foster innovative cultures that dismantle legacy hierarchies to effectively integrate AI solutions while promoting continuous experimentation.
Deep dives
Transforming the Consulting Model
The consulting industry is experiencing a significant shift driven by advancements in technology, particularly artificial intelligence (AI). Traditional consulting relied on a leverage model that categorized individuals as finders, minders, and grinders, which generally positioned the highest earners at the top while relying on lower-level workers for execution. However, AI has the potential to eliminate many tasks typically performed by these lower-level consultants, raising concerns about job displacement and the overall viability of the traditional consulting model. This change could result in a more rapid evolution of the profession, as companies adapt to navigate the new landscape where analytical problems can be solved almost instantaneously by machines.
