Consultancy industry news
Robo adviser disrupting management consulting around organisational health
Our Free Guide Helps You Understand:
- How robo advice is migrating from wealth management to management consultancy
- The implications for consulting firms’ business models
- How clients already bypass consulting firms’ lengthy and expensive survey tools with Footdown
This is a game changing piece of software that enables us to think differently about how we improve performance in the business. The speed, accuracy and focus of it is exactly what we need right now.
What does our research tell us?
ROBOTS TO DISRUPT CONSULTANCY
The market is already being threatened
The consultancy model of employing bright juniors to sift client business silos for data is being threatened by both robotic process automation and data science techniques enabled by the digital era. Automated approaches will soon be able to find and analyse disparate data far more quickly, accurately than teams of consultant, all without human bias.
CONSULTING FIRMS NEED TO CHANGE THEIR MODEL
Senior experience will count in the short-term
Organisations may still pay for the services of ‘experienced’ consultants, but over time their experience, itself the product of many years interrogating and responding to data in different business situations, may be eclipsed by what robo advice can offer.
FOOTDOWN ALREADY DISRUPTING AROUND ORGANISATIONAL HEALTH
Clients include HSBC, Vodafone, Price Bailey, Wiltshire Police, Thames Water, ARUP, Ferrotec and Roland
Focusing on organisational health has been proven to improve overall business performance. Footdown offers huge flexibility of topics for different sizes of team or organisation at a fraction of the cost of consultants, providing rapid, simple, actionable insight that their methods cannot deliver.
Its focus on organisational health can be used by those who are concerned about whole company or specific team underperformance, as well as those wishing to guard against complacency. Beyond operational management, you might also be about to embark on M&A activity, a strategic planning cycle or launch and monitor a transformation programme.
It’s so powerful, key consultants want to use it too!