TECH & AI22 April 2026· 9 min
Digital Transformation of Consulting Firms: Reinventing the Advisory Model
As AI and data analytics reshape every industry, consulting firms face a paradox: they advise clients on transformation while urgently needing to transform themselves. Here's what the numbers reveal.
SOURCES
[1]McKinsey Global Institute, 'The Economic Potential of Generative AI', 2023
[2]Goldman Sachs, 'The Potentially Large Effects of Artificial Intelligence on Economic Growth', 2024
[3]Source Global Research, 'AI Capabilities in Professional Services Survey', 2024
[4]BCG x MIT, 'Navigating the Jagged Technological Frontier: Field Experimental Evidence on the Effects of AI on Knowledge Worker Productivity', 2023
[5]Accenture Annual Report & AI Strategy Disclosure, 2024
[6]Deloitte Global, 'AI in Professional Services Survey', 2024
[7]Harvard Business Review, 'The Consulting Industry's AI Reckoning', 2023
[8]Financial Times, 'McKinsey, BCG and Bain revenues surge past $60bn', 2024
[9]KPMG, 'Clara AI Platform Technical Documentation and Case Studies', 2023