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Posts Tagged ‘Consulting’

Et tu Bloomberg?

September 1, 2017 Leave a comment

As if ML killing off consulting wasn’t enough, FT reports that Bloomberg has launched a consulting practice focused on brand, communications and marketing to start with. Apparently they already have 5 clients, plan to hire up to 25 more this year and charge around $150-200k a month for a team. Worth a quick scan.

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Categories: consulting, trends Tags: ,

The end of consulting?

August 30, 2017 Leave a comment

Provocative article in HBR (“AI may soon replace the most elite consultants“) that predicts that the end is near for management consulting firms, basically through a combination of ML + a voice interface. It’s a bit sparse on data, but it catalogs a bunch of scenarios where a management team could potentially ask Alexa (e.g.) a set of questions that they would normally hire a consulting team for.

My thoughts on whether this will come to pass are obviously biased. I think companies use consultants for a variety of reasons, only some of those being ones that can be fully automated. However, it would be presumptuous to assume that ML won’t be able to help / supplement what consultants do. In fact, most consulting firms that I know about are already preparing the next generation of consultants to be even more analytically savvy.

Worth a quick read.

Funny: How consultants wish they traveled

Another classic from the New Yorker. Reminds me of how consultants wish they were treated while traveling.

Ruling-class

Categories: consulting, funny, travel Tags: , ,

Funny: The partner / consultant relationship

This cartoon from the New Yorker reminds me of the Partner / consultant relationship.

 

benjamin-schwartz-how-we-doing-on-those-commandments-new-yorker-cartoon

Categories: humor Tags: ,

Hotels:The view from the other side

December 27, 2015 Leave a comment

Consultants would feel right to assume that they know something about how hotels work, since they are in them ~3-4 nights a week.

heads in beds

But not is all as it seems. I finally got a chance to read a book (“Heads in beds“) from a hotel worker that offers a perspective from the other side of the check in counter. Key takeaways:

  • Hotel workers hate their jobs
  • Private Equity is evil
  • Don’t try to stiff the bellman
  • Checking in with a $20 (or a $100) works wonders for upgrades
  • The rest of the hotel staff hate the concierge (as well)
  • They don’t really clean your room (or the glasses)
  • You don’t have to pay for the movies or the mini-bar

 

It’s a bit puerile, but laugh out loud in some parts. The appendix alone is probably worth the price of the book. Worth a read.

Categories: consulting, travel Tags: , ,

A peek into the future of consulting?

November 8, 2015 Leave a comment

The Economist had an early review of a new book that promises a look into the future of professional work (including, I’m assuming consulting).

future of professions

The summary seems to be that technology is going to take away a lot of the work that we normally do. I agree on the mundane things (gathering data, looking for trends, …); I’m less convinced when it comes to the non-sexy, but essential part of consulting (e.g. managing clients, understanding client dynamics / politics). Looks interesting.

Categories: books, consulting, future Tags: ,

Uber accounts for half of all rides expensed as business travel

NPR had a interesting fact this morning: Uber accounts for half of all rides expensed as business travel. Lyft, by contrast, accounts for 1%. Now wonder Uber has a sky high valuation.

I actually think this figure is understating the case. At least among consultants, Uber is the ride of choice by far. On a related note, SPG recently announced that members will get points for riding Uber. Uber should (righly) expect to see a bump from consultants ordering black cars.

Categories: trends Tags: