How PwC, KPMG, BCG and EY Are Embracing AI In-House
Australian Financial Review
SKIPPED
Details
- Date Published
- 12 Jan 2024
- Priority Score
- 2
- Australian
- Yes
- Created
- 8 Mar 2025, 02:41 pm
Description
Partners at the big consulting firms believe the winners of the lucrative AI race will come from those businesses where staff embrace tools built in-house.
Summary
The article explores how major consulting firms such as PwC, KPMG, BCG, and EY are integrating AI to enhance productivity and secure their footing in the technology landscape. By developing custom AI solutions for tasks like email and presentation creation, as well as data analysis and coding, these firms aim to gain a competitive edge. While these developments signify advancements in AI usage within the corporate sector, the article does not specifically address existential or catastrophic AI risks, focusing more on business strategy and productivity improvements. The detailed explanation of these AI integrations highlights a growing trend in corporate environments but lacks a significant discussion on broader AI safety implications or regulatory frameworks.
Body
TechnologyBig four consultantsPrint articleTess BennettTechnology reporterJan 12, 2024 – 5.04pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginBig professional services firms are racing to position themselves as leaders in generative artificial intelligence by rolling out custom-built virtual assistants to their employees that can craft emails and PowerPoint presentations, analyse corporate data and write code.In a bid to boost productivity and win clients, the big four consulting firms have committed billions of dollars globally to introduce powerful generative AI platforms in-house that draw on technology from the likes of Microsoft and OpenAI.Loading...Tess Bennettis a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.Connect withTessonTwitter.EmailTessattess.bennett@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreBig four consultantsAIPwCKPMG AustraliaDeloitteEYAccentureFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions