I'd trust the output of this model just as little as I'd trust anything produced by McKinsey or its ilk, so sure. But clearly I'm not the target audience...
Strategic consulting is never about knowledge. It’s all about personal relationships and having another external company to blame for all important decisions. Nobody gets fired for hiring IBM. Or whatever sh*t company.
The course notes for MITs Statistics For Applications are online, so you can learn all you need to know what you need and to write the right prompts! Right?
The role of McKinsey and co has always been reputation laundering, not actual consulting.
Companies bring in McKinsey and pay the big bucks so that when something goes wrong or in unpopular they can point the finger and McKinsey. McKinsey consultants are paid to say the things that corporate leadership doesn't want to say.
The entire role of a consultant is the create theater to present the illusion that they are doing serious "business". Look how professional they are? If they get it wrong, then maybe nobody can get it right. Worst case we can shake our finger at them and frown, can you believe how they handled those layoffs? ... then call them back next month when it needs to be done again.
Everything goes right? Well, what great leadership this corporation has. Either way McKinsey gains a good reputation around other corporate leaders in need of these services.
AI is not replacing that particular service anytime soon.
This seems like an advertisement for Xavier AI which is okay but anyone reading this should be skeptical of even the possibility of replacing judgement calls with AI.
AI _can_ help you create dashboards, analyse data and help with reports. AI can't realistically replace good taste. A good taste involves experience and a person's ideology - their prediction towards how things will play out in the future. This will be the biggest skill differentiator in a time where getting unambiguous things done can be oneshotted.
Consultancies will still exist because people with good taste exist.
Queue the cynical takes on reputation laundering/taking the blame and personal relationships.
While possible, surely we can all agree then when a large business is trying to pivot/explore a new field, it does not necessarily have in-house talent to make that work, nor does it actually have technical/business/operational knowledge on how to make that work. Even for something as simple (to us) as making a new app for example, do you really think they can just hire a bunch of freelancers or even a specialized app dev shop and that would work? You need people who have done this before to manage that work, and McKinsey is a safe option to pick.
It's almost a trope at this point saying the knowledge they offer is useless but you clearly overestimate the knowledge big orgs have/have actionable access to.
If your new strategy fails, it is easier to CYA by pointing at McKinsey / Bain / BCG, who came up with said strategy. After all, those are the elite firms you hired - and if they were wrong, who would possibly have been right, and foreseen it?
If you put the blame on some AI model/service, you'll own it.
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[ 2.8 ms ] story [ 40.0 ms ] threadThe only search results for this term are this article and promotional things for this company getting funded (Xavier)
Consultants prove their value in knowing which screw needs to be tightened, not in tightening the screws. (https://calvincorreli.com/blog/1397-knowing-which-screw-to-t...) LLMs won't replace that until they can guide a complete novice to the answer.
Companies bring in McKinsey and pay the big bucks so that when something goes wrong or in unpopular they can point the finger and McKinsey. McKinsey consultants are paid to say the things that corporate leadership doesn't want to say.
The entire role of a consultant is the create theater to present the illusion that they are doing serious "business". Look how professional they are? If they get it wrong, then maybe nobody can get it right. Worst case we can shake our finger at them and frown, can you believe how they handled those layoffs? ... then call them back next month when it needs to be done again.
Everything goes right? Well, what great leadership this corporation has. Either way McKinsey gains a good reputation around other corporate leaders in need of these services.
AI is not replacing that particular service anytime soon.
AI _can_ help you create dashboards, analyse data and help with reports. AI can't realistically replace good taste. A good taste involves experience and a person's ideology - their prediction towards how things will play out in the future. This will be the biggest skill differentiator in a time where getting unambiguous things done can be oneshotted.
Consultancies will still exist because people with good taste exist.
While possible, surely we can all agree then when a large business is trying to pivot/explore a new field, it does not necessarily have in-house talent to make that work, nor does it actually have technical/business/operational knowledge on how to make that work. Even for something as simple (to us) as making a new app for example, do you really think they can just hire a bunch of freelancers or even a specialized app dev shop and that would work? You need people who have done this before to manage that work, and McKinsey is a safe option to pick.
It's almost a trope at this point saying the knowledge they offer is useless but you clearly overestimate the knowledge big orgs have/have actionable access to.
If you put the blame on some AI model/service, you'll own it.
The internal website had an article on the main page: "Here are the Partners in this year's delegation to Davos."
I realized: wow, I work for the Illuminati.