Is ChatGPT the future, better and cheaper version of Management Consulting?
Artificial Intelligence, exemplified by technologies like ChatGPT, is undoubtedly stirring excitement with its innovative applications. But, it's also clear that AI has the potential to disrupt millions of jobs – including those currently deemed high-skilled and well-paid. 🤔💼
The burning question is: Can AI like ChatGPT make management consultants obsolete in the future? How might this digital revolution impact the core value propositions of consulting firms? And importantly, how are these firms preparing to ride this wave of technological transformation? 🎯💡
Stay tuned until the end for a glimpse into the future of the consulting industry based on current predictions. 🌐🔮
00:00 Intro: How AI is impacting our world right now
01:49 What is ChatGPT capable of?
02:10 What are the top value propositions of traditional management consulting companies?
04:38 How does ChatGPT impact these value propositions?
11:20 The big reveal: Will ChatGPT replace management consultants and what are the top consulting companies doing in response?
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