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The US Treasury Department has terminated its contracts with consulting firm Booz Allen Hamilton following the conviction of a former contractor linked to the company for leaking sensitive tax data of thousands of wealthy Americans, including President Donald Trump, to media organisations.The decision comes amid broader efforts by the Trump administration to act against entities…
McKinsey is rapidly integrating AI, now employing 25,000 AI agents alongside 40,000 humans, with parity expected soon. This “25 squared” approach sees client-facing roles grow 25% while backend positions shrink, boosting output. AI saves millions of hours annually on routine tasks, allowing consultants to focus on complex challenges and unique human skills like judgment and…
IBM Consulting’s head, Mohamad Ali, has important advice for consultancies. He believes consultancies must reinvent themselves as software companies to remain viable in the age of artificial intelligence (AI). In a recent interview, Ali stated that this major rethink is required due to increased competition from technology companies and growing scepticism from clients regarding traditional…
The government has put forward a plan to set up multi-disciplinary partnership (MDP) firms that can compete with global consulting and auditing giants. These new firms would provide a range of services under one umbrella. This includes cost record maintenance, accounting, auditing, assurance, company secretarial work, legal services, valuation and management. The move is aimed…
