How AI will impact the lives of management consultants?

15

October

2023

5/5 (1)

The most lucrative, looked upon career for most MBA graduates is management consulting. But with the generative AI capabilities the tech giants are building up, management consultants across the globe are worried about losing their jobs to someone not even human.

However, in my opinion, the fear is slightly irrational. The reason a client wants a consultant to look into their business problem is because they want a human to understand the issues they are facing, and give a humanly answer, something made specially for them. Generative AI, despite all its capabilities, is still a tool which gives output based on the input data it has. However, for a human being, that is not the case. We have the ability to steal ideas from secondary research, but ultimately, the output that we provide, will have our usage of creative liberty.

Management consultants can leverage the power of AI to delegate their mundane tasks, and do their research faster. Consultants are known for their power of being decisive and intelligent, and this is something AI lacks. It can give you ten alternative solutions to the problem by analysing the data at hand, however, when it comes to choosing one solution considering the externalities and long-term impacts, AI might not be the most reliable friend.

To conclude, I would like to end by stating that, till the businesses exist, they would require advice, and no matter how much data AI analyses, they would require a human to come to them and explain to them the sense of the vast amount of data. We are far from the time where AI will be the sole decision maker, and robots will replace human judgement. This being said, consultants need to continuously upgrade their skillsets to compete with the technology.

I tried giving a business context to chat GPT to validate my point of view, and wasn’t surprised by the result is generated. The AI tool gave me all possible generic solutions to the problem, and very general recommendations. However, if this same would be given to a consultant, he would create a solution keeping in mind all social and external factors, and along with the solutions, give the client an implantation plan to help them execute the ideas suggested. Thus, Generative AI, for management consultants, is like an advising friend with limited knowledge, but still would like to help.

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How I learnt to write a code for my web application using ChatGPT?

11

October

2023

5/5 (2)

Gone are the days when google was the go-to place for finding answers to the queries in mind, just to receive vague and confusing answers. Now, we are here in the era of generative AI, and that is becoming a part of our day-to-day life, faster than we imagined! While traditional AI tools were like a pizza vending machine, dispensing standard information outputs, generative AI is capable of being the chef that caters to our personalised requirements in terms of toppings, sauces and even the crust. I have been using this chef’s help in my everyday routine to expand my knowledge base in varied niches.

Coming from a computer science background, I had always had an inclination towards developing my coding and development skills. However, one of the biggest issues I faced was that after writing the code as with all the programmers was,  I couldn’t spot errors easily, and to find the errors in my work would consume a lot of time and effort.

Thanks to the power of generative AI tools like ChatGPT, now this work has become a piece of cake. Earlier to spot an error in your code, you would require to google that particular error and scroll through multiple webpages to finally land on a solution. And many a times the solution does not seem perfect as it was not able to provide you with the exact reasoning behind the error.

But now, this cumbersome task of spotting the errors in the code, or debugging, can now be done with just few clicks.  This not only saves your time but also provides you with detailed explanation.

Apart from this learning how to integrate APIs is much simpler as you get all of the required answers on the same platform. This immensely shortens the learning time helps boost your learning.

Using the above given code, I could get an idea how to implement APIs on my webpage. The cumbersome task of having multiple ways to login to the website, was done in seconds with the help of generative AI. I agree that AI cannot replace the human creative angle, but it sure is a helpful tool to start with.

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