Digital consulting is a boosting market. According to Statista, it has been on the rise starting from 2011 and has grown by $7 billion since then.
In this context, large global consulting companies - McKinsey, YE, Deloitte, BGT, etc. - have been expanding their services to digital and managed a range of tactical acquisitions to enhance their IT capabilities. These moves, in turn, relate to the ever-growing demand for the design, technology and analytics professionals in business. For more and more companies adopt digital transformation and address to the consultancies for this purpose.
AlixPartners, the global business advisory firm, announces that it has advised British Steel (“British Steel” or the “Group”), the £1.4bn turnover UK-based steel manufacturer, on the raising of £90 million of asset-backed financing from White Oak Global Advisors LLC, the San Francisco-based credit fund. The new senior secured facility is the first major FILO (“first-in, last-out”) facility in the European asset-backed debt markets.
Artificial intelligence (AI) and machine learning are rarely out of the headlines. Autonomous vehicles are expected to be on British roads by the end of the year. AI has been found to be better than doctors at diagnosing conditions such as skin cancer. And just this month, IBM unveiled a machine that could effectively argue with a human on a subject it had not prepared beforehand.
Accenture announced that Accenture Interactivehas appointed ad industry veteran Adam Kerj as chief creative officer for the Nordic region. In this role, Kerj will focus on building Accenture Interactive's creative capabilities in Sweden, Norway, Denmark and Finland. The appointment is part of a strategic effort to strengthen Accenture Interactive's presence in the region.
Syneos Health, a leading biopharmaceutical solutions organization, today announced the acquisition of Kinapse, a market leading advisory and operational solutions provider to the global life sciences industry, from Hg, a specialist investor based in the U.K.
Alibaba Group Holding, the world’s largest e-commerce services provider, is making a push into Southeast Asia by offering a suite of cloud computing solutions to help retailers embrace digitalisation and provide the kind of online-offline shopping experience that is already commonplace in China.
In the coming years, millions of workers will see their jobs change as a result of digital transformation and artificial intelligence technologies. While AI will create new jobs, the positions will require a different set of skills.
Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country's asset management market — which many predict will soon become the world's second largest.
The first management consulting firm was formed in 1886 by Arthur D. Little, with the intent of providing technical research and “management engineering” to companies. Soon after, in 1926, McKinsey & Company was founded. Since then, McKinsey, along with several other management consulting giants including BCG and Bain have grown to form a $145 billion industry that serves clients in almost every sector imaginable.
Accenture has formed a strategic alliance with and made a minority investment in Malong Technologies, an artificial intelligence (AI) start-up headquartered in Shenzhen, China. Malong has been recognized by global companies and organizations and analyst firms as an AI pioneer and innovation leader. Through the alliance, Accenture’s Applied Intelligence practice and Malong will offer computer vision and product recognition capabilities to clients worldwide. The alliance gives Accenture a strategic AI presence in China and forms part of its wider regional growth strategy
After living in the shadows from general management for well over a decade, Agile is now bathing in the sunshine, even “eating the world.” As the largest and fastest growing firms on the planet embrace the substance of Agile management, more than 90% of senior executives give “high priority” to becoming agile. As less than 10% currently see their own organization as “highly agile,” consulting firms are gearing up to meet the obvious need. But with apparent big success comes big risks, as I outlined in my talk last week’s Agile 2018 conference. As Charles Dickens suggested in A Tale of Two Cities, Agile now enjoys both the best and the worst of times.
Beaconforce began as a change management consulting firm, looking at intrinsic motivation and ‘flow state’ – or being in the zone. Put simply, when people enjoy what they’re doing, they perform better. After working with their clients on improving their organizations, Anthony told us that they wanted a say to sustain the positive changes they’d made after the team left.
Through research, Accenture, a leading global management consulting firm that provides strategy, consulting, digital, technology and operations services has identified that many companies attempting to add cloud to a legacy organization are unprepared for the challenges ahead.
As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services.
The allocation of financial capital has long been recognized as a critical driver of an organization’s performance. The value of managing and allocating human capital, however, is less widely known. But the results from a new McKinsey Global Survey confirm the positive effects of talent management on business outcomes.1According to respondents, organizations with effective talent-management programs2have a better chance than other companies of outperforming competitors and, among publicly owned companies, are likelier to outpace their peers’ returns to shareholders.
ALM Intelligence has ranked Deloitte as a global leader in the report, entitled Product Development Operations Consulting 2018. On Product Development Operations Consulting, Nathan Simon, Senior Director, Management Consulting Research at ALM, highlights, “With predefined, sector-specific process models linked to PLM and in some instances activated with automation and cognitive technologies, Deloitte is unparalleled in its ability to help clients rapidly move up the capability maturity curve in a balanced way across the delivery continuum – from ideation through commercialization and ultimately product retirement.”
Today’s management consulting scenario is very different from what it used to be just a few years ago. Previously, consulting firms restricted their engagement scope to more as an advisor, specifically excluding their involvement in execution, or implementation, of their recommendations within the client’s organisation.
Consultancy firms working for the government on a potential multibillion-pound project to build a nuclear power station in north Wales are also advising its Japanese developer.
Arup, the engineering and design company, and PWC are advising the Department for Business, Energy & Industrial Strategy and Horizon Nuclear Power, a subsidiary of Hitachi, which is developing the Wylfa Newydd project on Anglesey.
Michael Houston, Worldwide CEO of Grey Group, announced the launch of Grey Consulting. This new global enterprise practice for the network will draw on existing strategic planning resources, which include over 150 professionals across the world, technologists, and leading-edge creative intelligence.
Omnicom Group has bought a majority stake in management and technology consulting services company Credera, marking the holding company’s first acquisition in this space.
The acquisition will further strengthen the capabilities of digital and CRM specialist unit Omnicom Precision Marketing Group (OPMG).
