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McKinsey sees AI surge boosting consulting amid industry slump

Australian Financial Review

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Date Published
19 Aug 2024
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Australian
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8 Mar 2025, 02:41 pm

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McKinsey is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.

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CompaniesProfessional ServicesConsultingPrint articleAmbereen ChoudhuryAug 19, 2024 – 3.07pmSaveLog 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?LoginClients are increasingly seeking advice about artificial intelligence-linked projects, according to McKinsey, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.About 40 per cent of the strategy firm’s client projects involve the technology, with the number of AI-related customers in the past 12 months approaching 500, Rodney Zemmel, senior partner and head of the firm’s digital business, said. He didn’t elaborate on the potential revenue from these streams.Loading...BloombergSaveLog 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?LoginFollow the topics, people and companies that matter to you.Find out moreRead MoreConsultingStrategy consultingMcKinseyFetching 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 end‘We’ll fight’: Alex Waislitz on family battles and bad betsPatrick DurkinJob appointments have never been purely merit-based: CEW chiefWhy this CEO saves creative work for after her periodNew Zealand pops its cork for one of the world’s great wine festivalsMax AllenWhy Hawaii’s data-driven wellness retreat is a haven for high-flyersA last-chance tote bag and a groovy case for trumpetersVictor Smorgon’s star fundie eyes 50pc returns for new fundAlex GluyasForrest family powerbroker had alleged role in big Fortescue decisionsEllison-run garnet mine faces punishment over unsanctioned development