Revolutionizing business consulting with generative AI: Exploring transformative models for strategic decision-making, innovation, and operational excellence
Affiliation, Department, Institute, City, State, Country.
Research Article
World Journal of Advanced Research and Reviews, 2024, 22(02), 2273–2284
Publication history:
Received on 20 March 2024; revised on 12 May 2024; accepted on 16 May 2024
Abstract:
Automotive AI is at the forefront of rapidly disrupting the business consulting industry by revitalizing core issues in strategy formulation and management, innovation, and process improvement. This technology helps consultants solve problems by dealing with large amounts of material, thinking outside the box regarding business solutions, and optimizing processes at a higher level than before. Businesses can benefit from AI technology because AI models can make a deeper data analysis, automate processes, improve decision-making, and provide the setting for future improvement. In this paper, the author looks at the essence of applying generative AI in business consultants, particularly analyzing its value for enhancing strategic execution and organizational performance. The study focuses on case analyses and interviews with 20 consulting practitioners on the effective and ineffective practices of applying AI. Research indicates that although generative AI POSs have enormous value for enhancing consulting models, there are challenges that organizations can observe, such as ethical issues and the requirement for specialized knowledge. This paper will make general recommendations for organizations interested in deploying AI at its full potential, discussing the proper and improper ways of AI integration.
Keywords:
AI Revolution; Generative AI; AI Adoption; Ethical Issues; AI Solutions
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0