Consultancies are urged to evolve into software-driven entities to thrive amidst the artificial intelligence boom. This strategic shift is deemed necessary to reverse a period of sluggish growth and capitalise on the increasing demand for AI integration. IBM's CEO, Arvind Krishna, highlighted that generative AI is gaining traction, boosting IBM's consulting business. He noted that a significant portion of their AI business originates from consulting, emphasising its crucial role in designing and implementing AI use cases.
To meet evolving client expectations, consulting firms must incorporate AI and technology assets into their services. Clients are actively seeking consultants who can leverage AI for improved productivity, quality, and cost savings. This transformation requires consultants to tackle complex problems with speed and precision, delivering tangible business value.
IBM itself is undergoing a similar shift, with a focus on expanding its Watsonx platform and Granite AI models. The company aims to drive AI adoption and generate substantial savings through internal AI initiatives. By embracing AI and software development, consultancies can unlock new opportunities, enhance their competitive advantage, and deliver greater value to clients.
