The $250 billion consulting industry, dominated by Big 4 firms—Deloitte, PwC, EY, and KPMG—faces a major disruption from artificial intelligence (AI). Reports suggest AI could replace up to 50% of consultants by automating various tasks, such as research and financial modeling, delivering faster and more accessible insights. Here are five ways AI is transforming the Big 4 landscape:
- Deep Research: AI can replace 19% of data collection time, proven by a Fortune 500 retailer replicating a costly Deloitte project using ChatGPT.
- Slide Decks: AI tools like Beautiful.ai can automate slide creation, saving firms significant amounts.
- Executive Summaries: AI can condense long reports instantly, matching pricey deliverables in minutes.
- Strategy Writing: AI can streamline strategic planning, allowing quicker insights.
- Financial Analysis: Tools like Microsoft Copilot enable fast financial modeling, rivaling high-cost KPMG analyses.
AI-driven solutions empower businesses to compete without hefty Big 4 fees. Comment “Consulting AI” for a free “Consultant’s AI Playbook” to maximize your strategy.
