AI Disruption Forces McKinsey to Rethink Consulting Business Model

What Happened

Global consulting giant McKinsey is grappling with the rapid advancement of AI, which is automating tasks traditionally handled by its consultants. As AI technologies like ChatGPT and other automation platforms become more capable, clients are reevaluating the value of expensive consulting services. In response, McKinsey is investing in its proprietary AI tools and reshaping its workforce, aiming to pivot its business model toward more tech-driven services. This internal change has stirred existential questions about the future of consulting, as automation threatens both the structure of advisory firms and the career prospects of thousands of analysts globally.

Why It Matters

The rise of AI within major consulting firms like McKinsey highlights the broad impact automation is having on white-collar professions. As the consultancy sector adapts, the move indicates major transformation on a global scale. Read more in our AI News Hub