How AI shapes consulting & creates 4 types of AI consultants

How AI shapes consulting & creates 4 types of AI consultants

Are you looking to use AI in your business and need to find the best AI consultants? Read on, we have compiled all that you need to know on AI consulting.

Artificial Intelligence will be one of the hot topics of 2018. Many organizations believe artificial intelligence has huge potential and would impact all the World. Currently, AI has created a huge Revenue potential for sales and marketing related topics, but moreover, this disruption is expected to other jobs. A recent Harvard Business Review article claims that in near future even the elite consultants face the risk of getting replaced by artificial intelligence.

Why is AI consulting becoming important?

Integration of artificial intelligence related products is becoming more important. Currently, there is a huge demand for artificial intelligence related products, but the market experiences problems from the supply side. Either the technology hasn’t been developed yet or the Companies don’t know which firm to hire. Hence, artificial intelligence consulting will be a highly important industry in the near future.

(Courtesy of Capgemini Consulting)

A recent report by Capgemini Consulting presents this problem. Many firms miss the chance to implement low complexity and high benefit artificial intelligence use cases. This is the “must do quadrant”. 54% of the firms in this quadrant haven’t implemented the suggested use case yet.

Another survey conducted by Boston Consulting Group and MIT Sloan Management Review shows the expectations of respondents. Many industries have the potential to adapt the technology and the rest expects to reach the same potential in five years.

These two studies show that while businesses have high expectations from AI, they are currently not leveraging AI as much as they can. BCG – MIT Sloan Management Review shows the high expectations of companies. Capgemini Consulting’s report shows that there are potential use cases that are not adopted yet.

Artificial Intelligence Consultants

1- AI Strategy consultants

Companies like Blu focus on helping companies formulate their AI strategy. Blu offers Artificial Intelligence Consulting services that help businesses navigate the ever-changing technological landscape and bring closer to customers. The company brings an unmatched team of experts that are on the frontiers of multiple streams of AI and combine that with business acumen that takes companies to the next level.

2- AI implementation consultants

Other consultants focus on developing custom AI solutions. GoodAI Consulting is an AI-focused consulting firm using artificial intelligence solutions to maximize business success for companies and organizations across a range of industries. The company analyzes how AI can help a client’s business, do the necessary research legwork on their behalf, and implement practical solutions. GoodAI Consulting started because of high demand for the know-how and experience of GoodAI researchers. Their R&D team focuses solely on general AI research.

Companies like LeaderGPU also provide turnkey projects. They provide the consulting and implement the custom artificial solutions.

(Courtesy of Saleshacker)

3- Traditional management consultants

Traditional consulting firms such as Big 3 have been active in strategy side of things for a long time, but as the greater dependence on data continues, companies’ focus will likely to shift towards artificial intelligence. So this raises the question of whether consulting will be able to survive without artificial intelligence implementation or not.  Those two industries will likely to become more interlinked because of the advantages of a possible partnership. There are numerous recent acquisitions and investments from consulting firms into AI companies such as SparkBeyond.

4- SME AI consultants

Artificial Intelligence is not only used by large companies. Increasingly small and medium enterprises try to integrate the technology into their structure. Even though artificial intelligence provides huge scalability advantages, integration into a differently sized organization requires a different type of focus points. Therefore, some artificial intelligence consulting firms choose to focus on small and medium enterprises and provide custom tailored solutions

WildFire is an example of these consulting firms. The firm provides award-winning AI, data science, and big data consulting services. Their specialty is data science, AI, machine learning, deep learning and big data. The company helps fortune 3000 and medium to small companies with an end to end AI, big data strategy, and implementation.

(Courtesy of CNN)

How to choose your AI consultant?

Of course, deciding on which firm to hire depends on many factors; but here three major questions you need ask;

  • Is it really necessary? That should be the question you need to start with. There are many publications indicating the potential gains from implementing the solution, but is it going to be a positive return in the short run? You should ask your consulting about her projections fort he short-run, medium-run and the long-run. Maybe it would be wiser to implement some other technology for the short-run if the firm is on early growth stage or there are much more important opportunities to invest in.
  • Do you have the necessary human capital? After the solution scheme is provided it would also be important to decide on doing the project in-house or outsource it. You should always make sure that the people with rights skills deal with the issue so that your employees would have a greater likelihood to learn something from the process and, can help you in later stages. Thus your team’s skill level will make it easier or harder to evaluate the performance of the consultant. So that, there would be constant sharing of information to ensure that state of the art solution is implemented.
  • Does the consultant have the necessary experience? Right now, there are many small size artificial intelligence consulting firms. Depending on your industry you need to make sure you selected the right vendor. Different industries need different types of skill sets. Vendors past Project would be the greatest source of information. The profile of the team also matters. It is quite likely that people with advanced degrees have the capability to ensure the highest quality of work. The different consulting firm have different expertise, one can have the best team to do text classification and the other can be good at object detection.

Future of AI consulting

In their latest report, Gartner predicts that by 2020 startups will dominate the artificial intelligence scene. That is to say giant tech firm like Google and Facebook will have less presence unless some acquisitions take place. Therefore, artificial vendors will become highly specialized and provide solutions in that specific industry. But it is relatively early to make accurate predictions, tech giants could easily dominate AI solutions by buying off AI startups and hiring researchers as they have been doing for the past year.

Are you looking for the right AI consultant for your company? Let us know. We can find the best AI partner for your business.

If you still have unanswered questions, in our previous posts, we provided an introduction to artificial intelligence. Then, we analyzed the costs and benefits of creating an in-house artificial intelligence solution.

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