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It seems like GPT style tools would allow McKinsey et al to operate with much fewer employees. You only need the public facing folks who interact with clients,
by crop_rotation 4y ago
It seems like GPT style tools would allow McKinsey et al to operate with much fewer employees. You only need the public facing folks who interact with clients, the other stuff could be done/accelerated by LLMs mostly.
- digdugdirk 4y agoThey'll wait until on-prem LLM's can be done relatively cheaply/easily. The potential ramifications of a data breach would be staggering for a consulting firm. Although it would be interesting to see what would happen if every client sued the firm at once.
- crop_rotation 4y agoI doubt they will have the competency to do on-prem competitive LLM anytime soon. They can use the Azure OpenAI service which I think offers better enterprise peace of mind.
- yamtaddle 4y agoThey'll have the competency to try. Unless their tech org has changed a lot, in fact, I can just about guarantee they'll burn a lot of money trying (and failing, by having approached the whole thing all wrong from the outset).
- deleted 4y ago[deleted]
- jrochkind1 4y agoSeems plausible that interacting with clients could be done by GPT too, with no reduction in value delivered.
- crop_rotation 4y agoThe LLM is quite far away from even being able to shake client's hands though. I doubt any consultancy work involving large money can be 100% virtual.
- triceratops 4y agoOk but you could have GPT on the client-side too.
- jrochkind1 4y agoThis is the way
- rqtwteye 4y ago“ You only need the public facing folks who interact with clients, the other stuff could be done/accelerated by LLMs mostly.” Maybe the unemployed people they always find on the street to do the actual project work are cheaper than LLM?
- crop_rotation 4y agoThe LLM will have no overheads though, and will be much faster. Many advantages over and above just cost.
- lm28469 4y agoIf it was the case, and it isn't, people would use the LLMs themselves and not pay top dollar for an intern to copy their question in chat gbt
- operatingthetan 4y agoRight, a lot of roles in consulting are political, the LLM isn't going to play politics. Companies aren't going to replace consultants with LLMs for their slide decks and advice, because the service the consultants are offering is persuasion.
- jrochkind1 4y agoI mean, the LLM is happy to give you the answer you told it you wanted in the first place, with lots of flowery language and justifications. We're really in core LLM competencies here. But, sure, the customer can't _know_ it's just an LLM or it's not going to work -- what are they even paying for then? But really, secretly replacing all consultants with an LLM seems just so perfect for these folks, whose "consulting" was already at the level of quality of an LLM regurgitating what everyone else is saying but making it sound pretty and customized to you. An LLM is _perfect_ for what this industry delivers.