Consulting is the industry and practice of helping organizations improve their performance by analyzing existing problems and development plans for improvement. Organizations hire management consulting firms to gain external advice or when they need specialized expertise and services which are offered by consultants include strategy, operations, financial advisory, human resources and internet technology.

According to the Statista’s research, the global consulting market reached a value of 160 billion U.S. dollars in 2019 and this value might further increase in the coming years because of artificial intelligence.

Let me explain why.

In today’s fast-paced business environment, CEOs and senior executives need to make informed decisions quickly to stay ahead of the competition which is why they often procure consulting and advisory services. Every company needs to become faster in order to stay ahead of the pack. That’s where artificial intelligence (AI) could come in – AI assistants can provide real-time consulting and advisory services to top-level executives.

AI business assistants like NeuronBlack is an example of the latest AI products that are designed to support senior executives by providing them with the confidence to make crucial business decisions based on reliable data analysis.

With tools like that, CEOs and senior executives can quickly seek advice on a wide range of business matters, from strategic planning to risk management. On top of that, these AI assistants are equipped with the latest technologies to process large amounts of data and provide meaningful insights in real-time. Executives can trust that the information they receive is accurate and up-to-date.

One unique feature of apps like NeuronBlack, is its global network of consultants and experts. Users can tap on a growing pool of professionals to augment their business projects. These consultants and experts bring diverse perspectives and deep industry knowledge to the table, helping users to make well-informed decisions.

In fact, this is also in line with the market, in that growing number of companies are trying to limit their risk of engaging a single consultancy firm. The greatest concerns being that it might create a single point of failure in engaging a single firm and also the ongoing concern about how information is treated.

AI consulting and advisory assistants might be the next leap for the consulting sector. This new capability provides top-level executives with the support they need to make crucial business decisions. With access to reliable data analysis and a vast network of experts, artificial intelligence is poised to be a game-changer in the world of business consulting.

NeuronBlack can be downloaded on Google Play.