The cloud providers will increasingly compete with management consultancies, which charge fat fees for helping clients navigate technological disruption. “The Googles, Amazons and Microsofts of the world may take over from the McKinseys, Boston Consulting Groups and Bains,” says Roy Bahat of Bloomberg Beta, a venture-capital firm. “Consultancies are built for two-by-two matrices. AI’s matrices are a million by a million.” In this race, consultancies with deep expertise in data and technology are better placed than those that focus on general strategy.
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