https://andrewsheves.com/tags/future-of-work/Recent content in Future of Work on Andrew ShevesHugoen-usTue, 22 Aug 2023 00:00:00 +0000https://andrewsheves.com/2023/08/22/risk-and-crisis-consulting-is-facing-its-kodak-moment/Tue, 22 Aug 2023 00:00:00 +0000https://andrewsheves.com/2023/08/22/risk-and-crisis-consulting-is-facing-its-kodak-moment/<h2 id="why-the-industry-is-in-trouble">Why the Industry is in Trouble</h2> <p>Despite being the inventor of the first digital camera in the late 1970s, <a href="https://en.wikipedia.org/wiki/Kodak">Kodak famously ignored the switch to digital photography,</a> losing the company its commanding market lead and significantly hurting the business.</p> <p>Risk and crisis consulting is currently facing its own Kodak moment.</p> <p>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.</p>