TECH & AI4 October 2026· 9 min
Digital Transformation of Consulting Firms: The $700B Reinvention
Consulting firms are racing to reinvent themselves in the AI era. From McKinsey's $1B AI investment to Big Four automation plays, the industry is undergoing its most radical shift in decades.
SOURCES
[1]IBISWorld — Global Management Consulting Market Report, 2023–2024
[2]McKinsey Global Institute — The State of AI in 2024
[3]Gartner — C-Suite Survey on Consulting ROI, 2023
[4]BCG Annual Revenue Estimates — The Economist, 2024
[5]PwC Annual Report 2023 — AI Audit Innovation
[6]Financial Times — McKinsey AI Workforce Strategy, March 2024
[7]Harvard Business Review — AI-Augmented Teams Productivity Study, 2024
[8]Forrester Research — Subscription vs. Project NPS Benchmarks, 2023
[9]Management Consulted — Consulting Compensation Report, 2024
[10]Wall Street Journal — McKinsey Lilli Platform, 2024