ChatGPT & Consulting: Perspectives of the Big 4 and MBB
ChatGPT & Consulting:
Perspectives of the Big 4 and MBB
SCD Advisory is an independent M&A boutique specialized in the Consulting sectors: we have collated some views on the ChatGPT topic from the main players in the Consulting market.
Recently, the launch of ChatGPT, the new chatbot developed by OpenAI, has caused quite a stir. Although this tool, based on artificial intelligence, was created to improve our lives, access to new business opportunities and address humanity's biggest challenges, many point to its limitations: unreliability, misinformation, cybercrime, impacts on the job market. According to an article from the Financial Review, lawyers, tertiary educators, logistics teams and management consultants are the professions likely to be most affected by artificial intelligence.
-?????????The Financial Review: Growing artificial intelligence use to shake up about 500,000 Australian jobs (afr.com)
-?????????The Guardian: OpenAI CEO calls for laws to mitigate ‘risks of increasingly powerful’ AI | ChatGPT | The Guardian
KPMG: The consulting firm uses its own chatbot, KymChat, developed by Microsoft. The tool will enable KPMG to access to internal database of partner and staff resumes and certain financial data.
PwC: The firm plans to invest $1B in generative artificial intelligence technologies in collaboration with Microsoft and OpenAI to improve its consulting, audit and tax services.
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EY: How ChatGPT delivers business benefits across a variety of business functions and industries?
Deloitte: The capabilities of artificial intelligence technologies have multiplied with the arrival of ChatGPT which also brings some lasting problems and new risks especially if artificial general intelligence could surpass humans.
BCG: Generative AI will impact CEO’s organization and their industry on various aspects: i) industry disruption, ii) competitive advantage, iii) creative destruction, iv) productivity gains and v) technical limitations. The CEO’s goal is to unlock hidden value and improve efficiency through generative AI.
McKinsey: Power of generative artificial intelligence increasing better and faster human capabilities but caution is required.
Bain & Company: Partnership combining OpenAI's artificial intelligence technology advances with Bain's digital application strategy and delivery capabilities with Coca-Cola as its first clients.