GenAI: The End of Consulting? (feat. Lilli by McKinsey)
ฝัง
- เผยแพร่เมื่อ 11 มิ.ย. 2024
- Most consulting firms, ranging from MBB (McKinsey, BCG, Bain) to the Big4, are moving into the field of GenAI. But how does GenAI actually change the consulting industry? Will it be the end of consulting as we know it?
We will answer the question and use McKinsey's GenAI Tool Lilli as a reference to highlight the impact on the consulting industry.
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🚀 CASE SIMULATION
Our interactive case interview simulation was developed by MBB (McKinsey, BCG, Bain) consultants. We offer a case interview experience as close to the real interview as it gets.
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Timestamps:
00:00 Intro
00:36 What is Lilli
01:38 How consulting firms manage their knowledge
04:04 What makes Lilli so powerful
06:20 How does Lilli change consulting
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Great explanation for Lilli! Wondering if there are any AI tools to lighten the workload for back-office research yet? There's a lot of labor-intensive work for research too.
The back-office research has access to Lilli as well which also helps them quite a bit. Other than that we are not aware of any tools. But maybe a researcher wants to chime in and give his/her insights :)
Does every employee has the same level of access to this database?
Yes, everyone has the same access to the database from day 1. However, there is a limit to how many documents you can download in a day (20 or so). Then your access will get blocked and you have to justify what you need all the documents/knowledge for. This is to stop people from downloading 100s of documents before they leave the firm.
It has been said that Lilli will be creating strategy decks in Phase 3 of implementation.
Well, we're curious to see what comes next. It's not integrated with PowerPoint yet and will always require a lot of human intervention. But one can dream :D
There is a project for that in S&CF, but it's more to come up with the strategy rather than to write the deck writing. The deck is not the hard part