Consulting giants face investor panic as AI disrupts traditional business models
By
Maria Ward-Brennan, Rosie Harris-Davison
Summary
Major consulting firms including Accenture, IBM, and Capgemini are experiencing sharp share price declines as investors grow concerned that artificial intelligence is disrupting the traditional professional services business model. The article examines whether the AI threat to the consulting industry is real or overblown, analyzing how these firms are adapting to the technological shift.
Source
bskyConsulting giants face investor panic as AI disrupts traditional business modelscityam.comKey quotes
· 3 pulledA bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and Capgemini and exposes cracks in their traditional business models.
Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry.
Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real.
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