High stress consulting = Early death?

April 13, 2018 1 comment

Nice little chart from 1843 on how much the residents of each country sleep on average vs. their GDP.

DataGraphicSleep

The part that caught my eye was on that may resonate with overworked consultants.

Two weeks of six-hour nights slows your brain as much as pulling two consecutive all-nighters; doing so consistently increases your chance of an early death by 13%.

Hmm.

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Categories: consulting, interesting Tags: ,

Big four’s consulting revenues on a tear

April 11, 2018 Leave a comment

Big 4 on fireThe WSJ reports that the Big Four make more money from their consulting businesses than they do from their traditional audit business and those consulting revenues are growing at a much faster rate than the flattish growth in audit.

Worth a quick skim.

 

Categories: consulting, trends Tags: ,

Funny: Hackers

April 10, 2018 Leave a comment

Another classic from the New Yorker.

hacking

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Consulting firm rankings

Interesting little report from IDC (“IDC MarketScape: Worldwide Business Consulting Services 2018 Vendor Assessment”) on consulting firm rankings for 2018. The takeaway for me was how closely clustered all these firms are. Also, I’m not sure which buyers actually look at these rankings for consulting.

Consulting firm rankings

 

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Uber’s Marcus Aurelius

Nice article on Uber’s new CEO in the New Yorker this week. Some familiar stuff (Uber’s awful culture, their brash tactics) plus some more light on the new CEO’s background (immigrant from Iran, the board room drama behind his appointment, India refusing to give him a visa when he was CEO of Expedia) etc. Quote of the article for me (from an ex-Uber employee):

The elephant in the room was whether the business model even works

Definitely worth a read.

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MBB vs AI?

There are so many articles about how AI is going to take over the world that it’s hard to keep up. However, one such (well written) article in the Economist this week caught my eye. In particular the following quote on the impending demise of the consulting business model:

The Googles, Amazons and Microsofts of the world may take over from the McKinseys, Boston Consulting Groups and Bains,” says Roy Bahat of Bloomberg Beta, a venture-capital firm. “Consultancies are built for two-by-two matrices. AI’s matrices are a million by a million

Although I’m clearly biased, I don’t think that’s the right framing. It’s not MBB vs. AI (or MBB vs the tech firms) it’s going to be whichever firm is able to leverage AI to support its consultants.

Categories: consulting, technology Tags: ,

IoT increasingly used to evolve business models

Sort of interesting data on the use of IoT data over the years from IDC (Source: IDC European Vertical Markets Survey, 2017). Key thing that struck me was the fact that an increasing number of companies are actually evolving their business models to take advantage of the data.

IoT use evolution

While IDC threw out the usual exemplars for this business model evolution (Kaeser Kompressoren selling air as a service, illy self-ordering coffee machines), I actually found an example from the “smart lighting” industry more instructive, where a lights provider is able to get a new revenue stream by selling data separately from the lights.

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