Risk and Crisis Consulting is Facing its Kodak Moment
Why the Industry is in Trouble Despite being the inventor of the first digital camera in the late 1970s, Kodak famously ignored the switch to digital photography, losing the company its commanding market lead and significantly hurting the business. Risk and crisis consulting is currently facing its own Kodak moment. AI and machine learning tools reduce the effort, time, and cost of routine risk and crisis tasks by well over 90%. Consultancies believe they can harness these efficiencies to improve their profit margins and assume that only the largest firms will want, or be able, to develop their own tools. ...