Tag: artificial intelligence

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The transformative power of AI for consultancy companies

Ai 2024

In an era where data drives decisions and competition is fiercer than ever, artificial intelligence (AI) has emerged as a game-changer for professional services firms. Companies operating in business management, management consulting, and finance consultancy are increasingly leveraging AI to enhance efficiency, deliver deeper insights, and create sustainable competitive advantages. As of late 2025, AI adoption in these sectors is accelerating: over 80% of management consultants use AI in daily work, with 36% reporting it contributes to at least half their processes. Globally, 72% of companies incorporate AI in at least one business function, and the AI consulting services market is projected to grow from $11 billion in 2025 to over $90 billion by 2035.

This article explores why AI is indispensable for these firms, delving into key applications, real-world examples from leading players like McKinsey, BCG, and Deloitte, benefits, challenges, and future outlook. By integrating AI, these companies are not just optimizing operations—they are redefining value delivery in a digital-first world. Continue reading “The transformative power of AI for consultancy companies”

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Commission invests to boost global research and innovation leadership

Ai2

The European Commission adopted the main Horizon Europe work programme for 2026-2027, a €14 billion investment designed to drive research and innovation (R&I) across the EU’s strategic goals. These goals include achieving climate neutrality, boosting the use of artificial intelligence (AI) in research and innovation, and ensuring resilience in a rapidly changing world.

To achieve this, the programme introduces new cross-disciplinary calls and topics that will boost decarbonisation and the use of AI in research. It also expands the ‘Choose Europe‘ initiative to attract global talent and makes applying for Horizon Europe funding and participation simpler. Continue reading “Commission invests to boost global research and innovation leadership”

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Call for strategic investment in AI infrastructure

Ai 2024

The European Economic and Social Committee (EESC) is urging the European Union to boost its investment in secure connectivity, resilient infrastructure, and supply chains to ensure it stays competitive in the rapidly evolving field of general-purpose AI (GPAI). These measures are seen as essential in maximising the benefits of generative AI in line with European values, needs, and fundamental rights.

In its exploratory opinion on Artificial intelligence/the way forward, in which it focuses on the key aspects of GPAI, the EESC stresses that the dynamism and complexity of AI require ongoing updates to the EU’s AI Act. This adaptability is necessary to create a trustworthy AI environment that reflects the EU’s fundamental rights and values.

While GPAI models are largely technical and apply predominantly in the business-to-business (B2B) sector, their indirect impact on workers and consumers cannot be overlooked. This is why the EESC recommends organising dialogues with key stakeholders, including representatives of employers’ organisations and trade unions, to raise awareness about GPAI and address concerns about workplace codes of practice and workers’ rights. Continue reading “Call for strategic investment in AI infrastructure”