Navigating the Future of Consulting: AI, Digital Transformation, and Career Insights with Mayank Mittal

Value Drivers

Can smaller consulting firms ever compete with the giants like BCG and McKinsey? Today, we dig into the unconventional paths and creative approaches that smaller firms leverage to carve out their own space in the consulting world. Join us as we welcome back Mayank Mittal, a tech industry executive and the author of "The Art of Building Great Products," who shares his journey from a large consulting powerhouse to his current role at Consulum, a government advisory firm focusing on digital transformation. Mayank provides candid insights into the contrasting work environments, highlighting the benefits of creative flexibility within smaller firms compared to the structured, process-oriented nature of industry giants.

We also explore the evolving landscape of management consulting amidst the rapid advancements in AI technology. As Mayank discusses, the rise of AI is radically transforming both the consulting industry and its client businesses. Hear about the new roles emerging in this space, such as prompt engineers and Chief AI Officers, and how consulting firms are adapting to guide clients through this AI-driven evolution. Mayank sheds light on the specific challenges and opportunities smaller firms face when integrating AI into their service offerings, stressing the importance of relationship-building and delivering heart-driven work to establish credibility and trust.

Finally, don't miss Mayank's insights on the revolutionary potential of AI in government sectors, especially in regions like Saudi Arabia and the UAE. Discover how AI technologies are being woven into public services and regulatory frameworks, from AI regulatory bodies to innovative applications like the Invest AI Bot. For those aspiring to make their mark in consulting, we offer valuable book recommendations and expert career advice on navigating the realms of digital transformation and AI. Tune in to gain actionable insights and practical guidance that will prepare you for the future of consulting.

--------- EPISODE CHAPTERS ---------

(00:00:54) - Government Digital Transformation Consulting Differences

Mayank discusses his transition from BCG to Consulum, focusing on digital transformation strategies for government entities in Saudi Arabia and UAE.

(00:10:54) - Navigating Digital Transformation in Consulting

Smaller consulting firms face challenges in breaking into a market dominated by giants, while AI is transforming the industry and client businesses.

(00:17:10) - The Future of AI in Consulting

Gen AI adoption is reshaping job market, creating new roles and driving revenue for consulting firms.

(00:28:04) - Government Adoption of AI Technologies

AI is being integrated into government entities in the Middle East, with dedicated regulatory bodies and specific applications in education, finance, and tourism.

(00:38:28) - Consulting Career in Digital Transformation

Career advice for consultants, and the importance of networking and LinkedIn.

Resources

The Tim Ferriss Show

https://podcasts.apple.com/us/podcast/the-tim-ferriss-show/id863897795

The 22 Immutable Laws of Marketing: Violate Them at Your Own Risk! by Al Ries and Jack Trout

https://www.amazon.com/22-Immutable-Laws-Marketing-Violate/dp/0887306667

Autobiography of a Yogi by Paramahansa Yogananda

https://www.amazon.com/Autobiography-Self-Realization-Fellowship-Paramahansa-Yogananda-ebook/dp/B00JW44IAI

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Please note that information provided in the podcast is for informational and educational purposes only and is not a recommendation to take any particular action, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Brio360 does not provide legal or tax advice.