AI in Action: March 18, 2024
This Week's Focus: AI in Consulting
In today’s edition:
Accenture’s Strategic Embrace of AI
Visa Consulting & Analytics Launches AI Advisory Practice
IBM Integrates AI in Consulting Services
Deloitte Harnesses AI for Innovation and Impact
McKinsey’s Holistic Approach to AI and Digital Transformation
Accenture’s Strategic Embrace of AI
Accenture, a global leader in professional services, has undertaken a transformative journey to integrate artificial intelligence (AI) across its operations and service offerings. This case study explores Accenture’s strategic initiatives to harness AI, including the launch of Accenture LearnVantage, its collaboration with Cohere, the establishment of a generative AI studio in Dublin, and its overarching commitment to AI education and workforce upskilling. These efforts collectively aim to empower clients and their employees to navigate and thrive in the AI-driven economy.
Visa Consulting & Analytics Launches AI Advisory Practice
Visa, a global leader in digital payments, has unveiled its AI Advisory Practice, a testament to its three-decade legacy in leveraging artificial intelligence (AI) to revolutionize the payments industry. This new offering, provided by Visa Consulting & Analytics (VCA), aims to empower clients with actionable insights and recommendations to harness the power of AI, particularly generative AI, for transformative business solutions.
IBM Integrates AI in Consulting Services
IBM has unveiled IBM Consulting Advantage, a pioneering AI services platform, aimed at revolutionizing how its 160,000 consultants provide services to clients. This platform features generative AI assistants, known as IBM Consulting Assistants, designed to enhance the productivity and creativity of consultants by assisting in various tasks, including business case development, code generation, and user-centric design persona creation.
Deloitte Harnesses AI for Innovation and Impact
Deloitte’s recent strategic maneuvers in AI and accelerated computing highlight its commitment to enhancing business processes and delivering innovative solutions to clients worldwide. Through key acquisitions like OpTeamizer, partnerships with industry leaders such as NVIDIA and Google Cloud, and the development of internal AI-driven tools such as DARTbot and PairD, Deloitte is reinforcing its position at the forefront of technological advancement in the professional services sector.
McKinsey’s Holistic Approach to AI and Digital Transformation
The firm’s strategic focus on a comprehensive transformation encapsulated by its “Rewired” concept underscores its efforts to enact change across strategy, talent, operating model, technology, and data. QuantumBlack, AI by McKinsey, has been highlighted as a key differentiator, emphasizing the firm’s innovation in data science and AI. This recognition is further reinforced by McKinsey’s strategic collaborations and the creation of an open-source ecosystem, aimed at fostering sustainable and inclusive growth in technology.