The “AI-pocalypse” in professional services? More Roman Empire than dinosaurs

Times are changing in the professional services industry. GenAI appears to have a meteorite-like impact and many firms are still unable to fully grasp the change. Will junior positions be at stake? And can tech innovations remodel complete workflows? In the first article of this miniseries, Simon-Kucher experts present the results of our latest survey and highlight the real underlying issues with the “AI-pocalypse”: The impact on pricing and revenue models. 

There’s a lot of fear-mongering whenever an innovative business tech is introduced: Millions of jobs might be at stake. Industry experts and studies have outbid each other when it comes to analyzing the share of work likely automated by GenAI as well as the pace at which this change will happen. 

Unlike previous waves of automation, GenAI is not just targeting blue-collar workers, but might have a so far unseen impact on white-collar workers such as lawyers, consultants, marketers, and auditors.…