facebook

Future Trends in AI Consulting: What to Watch for in 2024 and Beyond

ESG Trends

Accelerate IT operations with AI-driven Automation

Automation in IT operations enable agility, resilience, and operational excellence, paving the way for organizations to adapt swiftly to changing environments, deliver superior services, and achieve sustainable success in today's dynamic digital landscape.

Driving Innovation with Next-gen Application Management

Next-generation application management fueled by AIOps is revolutionizing how organizations monitor performance, modernize applications, and manage the entire application lifecycle.

AI-powered Analytics: Transforming Data into Actionable Insights 

AIOps and analytics foster a culture of continuous improvement by providing organizations with actionable intelligence to optimize workflows, enhance service quality, and align IT operations with business goals.  

Imagine a world where businesses that fail to adapt to the rapid advancements in AI fall behind, leaving a vast divide between those who thrive and those who merely survive. This is not a distant future—it’s happening now. According to a 2024 report by McKinsey, AI adoption has increased by 25% over the past two years, with 75% of companies planning to integrate AI into their business strategies by 2025. 

As businesses race to harness the power of AI, the demand for AI consulting services is skyrocketing. But what does the future hold for AI consulting? AI becomes more embedded in business processes; the role of AI consultants is set to expand and evolve. From the rise of AI ethics to the growing emphasis on AI-driven decision-making, these trends are not just shaping the future of AI consulting but also redefining how businesses operate in an increasingly AI-centric world.  

This blog delves into the key challenges, and trends that will define the future of AI consulting, providing insights that no forward-thinking business can afford to ignore. 

Defining AI Consulting: Why It Is More Important Than Ever

AI consulting involves providing expert advice and solutions to organizations on how to effectively implement and utilize AI technologies. Consultants help businesses identify AI opportunities, develop strategies, and integrate AI systems to drive efficiency, innovation, and competitive advantage. The importance of AI consulting services lies in its ability to guide companies through the complexities of AI adoption, ensuring they harness its full potential while mitigating risks. 

As AI continues to evolve, the role of consultants becomes even more critical in helping businesses navigate the rapidly changing landscape and capitalize on new opportunities. 

Current Challenges of AI Consulting

Despite its potential, AI consulting is not without its challenges. Here are some of the key obstacles faced by consultants: 

  1. Data Privacy and Security: With the rise of AI comes heightened concerns about data privacy and security. According to a survey, 49% of executives are concerned about data breaches and misuse when implementing AI solutions. Ensuring AI-ready data and  that AI systems are compliant with regulations such as GDPR and CCPA is a major challenge for consultants. 
  2. Integration with Legacy Systems: Many organizations still rely on outdated legacy systems that can be difficult to integrate with modern AI solutions. A report by McKinsey found that 70% of AI projects fail to achieve their intended goals, often due to issues with integration and implementation. 
  3. Talent Shortage: The demand for AI talent is outpacing supply. A study by the World Economic Forum predicts a global shortage of 2.3 million AI professionals by 2025. This talent gap can hinder the ability of AI consulting firms to deliver high-quality solutions. 
  4. Ethical and Bias Concerns: AI systems can inadvertently perpetuate biases present in training data, leading to ethical and fairness issues. According to a report, 40% of AI practitioners believe their work poses risks related to fairness and bias. 

Emerging Trends to Watch out for 2024

  • The Rise of AI-as-a-Service (AIaaS)  

AI as a Service (AIaaS) allows organizations to access AI tools and services on a pay-as-you-go basis, making it more accessible to businesses of all sizes. AI consultants play a crucial role in guiding organizations through the process of selecting and implementing AIaaS solutions that align with their specific needs. 

In the future, AI consulting will increasingly involve helping businesses integrate AIaaS offerings into their operations. This includes selecting the right AI platforms, customizing AI models to fit business requirements, and ensuring seamless integration with existing systems. AI consultants will also provide ongoing support and training to help organizations maximize the value of their AI investments. 

  • Focus on AI Ethics and Governance 

As AI technologies become more prevalent, ethical considerations and governance are becoming critical areas of focus. A report by McKinsey highlights that 71% of executives believe that ethical AI is a priority for their organizations. This trend is prompting AI consultants to offer services that include AI ethics audits, bias mitigation strategies, and compliance with emerging regulations like the EU’s AI Act. 

The EU AI Act, expected to be enforced by 2025, aims to regulate AI applications based on their risk level, affecting industries worldwide.

3. Performance Testing Throughout the Sprint: Avoid End-of-Sprint Bottlenecks

  • AI-Powered Decision Support Systems

Decision support systems (DSS) powered by AI are becoming integral to strategic planning. A recent survey by Forrester found that 60% of companies are investing in AI-driven decision-making tools to enhance their forecasting accuracy and operational efficiency. AI consultants are playing a key role in designing and implementing these systems, which use machine learning algorithms to analyze data and provide actionable insights.

For Instance, retailers are employing AI-driven DSS to optimize inventory management, leading to a 20% reduction in stockouts and overstock situations.

 

  • Increased Adoption of AI-Powered Automation

AI-powered automation is transforming business operations by streamlining processes and enhancing efficiency. A report by Gartner estimates that by 2025, 70% of large organizations will have deployed some form of AI-driven automation, up from 25% in 2023. This trend is driven by the need to reduce operational costs, improve accuracy, and accelerate time-to-market. According to a study by McKinsey, organizations that implement AI automation can achieve up to 50% reduction in operational costs and a 40% increase in productivity.

 

  • AI Augmentation and Collaboration

The future of AI consulting is not just about automation but also about augmentation. AI is increasingly being used to augment human capabilities, rather than replace them. According to a Gartner report, by 2025, 75% of enterprises will shift from piloting to operationalizing AI, leading to a 5x increase in streaming data and analytics infrastructures. This shift towards AI augmentation will drive a new wave of collaborative AI solutions.

AI consultants will be at the forefront of designing AI systems that work alongside human employees, enhancing their decision-making processes and productivity.

Did you know? According to a report by Forrester, companies using cloud-based testing environments have reduced their testing costs by up to 45% while improving test coverage by 30%.

6. Implement API Testing Across Browsers

APIs are the backbone of modern web applications, enabling dynamic content and interactivity. However, differences in how browsers handle API calls and data can lead to inconsistencies in functionality. Implementing API testing within your cross-browser testing strategy ensures that API interactions work correctly across different browsers. 

Combining API testing with front-end tests allows you to verify the consistency of API responses across browsers. This is particularly important for features involving AJAX, WebSockets, and CORS (Cross-Origin Resource Sharing). By ensuring that API interactions are consistent, you can prevent issues that could disrupt the user experience, such as data not loading or incorrect information being displayed. 

7. Focus on Performance Testing Across Different Browsers

Performance is a critical aspect of user experience, and it can vary significantly between browsers due to differences in rendering engines, JavaScript execution, and resource handling. Incorporating performance testing into your cross-browser strategy helps identify and address performance bottlenecks specific to certain browsers. 

Set up performance benchmarks for key user journeys and regularly test them across different browsers. Focus on critical metrics like First Contentful Paint (FCP), Time to Interactive (TTI), and Cumulative Layout Shift (CLS) to ensure that your application delivers a fast and smooth experience on all supported browsers. According to Google, improving FCP by just one second can boost mobile conversions by up to 27%. 

Shaping the Future of AI Consulting with Innovation and Expertise

As we look toward the future, AI consulting is poised to be a cornerstone of digital transformation across industries. These trends indicate a future where AI consulting goes beyond just technology implementation to become a strategic partner in achieving business objectives. AI’s influence will continue to expand, with consultants playing a pivotal role in guiding organizations through the complex landscape of AI adoption.

For organizations aiming to stay ahead, embracing these trends is not just an option but a necessity, and platforms like Qinfinite are making advanced AI technologies more accessible to businesses of all sizes by supporting end-to-end AI transformation, offering businesses the agility and innovation. The future of AI consulting is bright, and with the right partners and tools, businesses can confidently stride into this AI-driven era.

Related Blogs

Want to know more about CX? Read interesting blogs below!

Blogs
Legacy Modernization

The Foundation for Innovation: Why Legacy Modernization is Essential for a Successful AI Strategy 

In today's competitive landscape, organizations are constantly seeking innovative ways to gain a competitive edge. Artificial intelligence (AI) has emerged as a powerful tool for optimization, automation, data-driven decision making and productivity

Read more
Webinar
Webinar

Unlocking Legacy Potential: How Intelligent Twin Power Modernization

Watch on-demand webinar to get insights & strategies from Forrester analyst on how to navigate complexities of modernization

Read more
Solution Article
AMS

Quinnox’s Next-Generation AMS Platform

Application Managed Services (AMS) has been a competitive environment for service providers. With most competing with a cost advantage, providers have been innovative in the benefits that are delivered to their clients.

Read more
Contact Us

Get in touch with Quinnox Inc to understand how we can accelerate success for you.