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Gen AI in Consulting

The document outlines a session on the application of Generative AI in consulting, covering topics such as problem-solving, automation, data insights, and customization. It includes practical demonstrations and hands-on exercises, as well as discussions on challenges like ethics and data security. The session aims to equip consultants with actionable tools and frameworks for addressing client problems effectively.

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shruti.soni
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25 views

Gen AI in Consulting

The document outlines a session on the application of Generative AI in consulting, covering topics such as problem-solving, automation, data insights, and customization. It includes practical demonstrations and hands-on exercises, as well as discussions on challenges like ethics and data security. The session aims to equip consultants with actionable tools and frameworks for addressing client problems effectively.

Uploaded by

shruti.soni
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Generative AI in Consulting

IIM Udaipur
1st March 2025
What We Will Cover In Today’s
Session?
Generative AI in Consulting (30 minutes)
• Problem Solving: Discuss how generative AI can help consultants in solving client problems, e.g., data analysis,
scenario modeling, or generating recommendations.
• Automation & Efficiency: Show how it can automate routine tasks, such as report generation, market research
summaries, or proposal writing.
• Data Insights: Explain how generative AI can uncover hidden insights by analyzing large datasets (e.g., identifying
trends, making predictions).
• Customization: Explain how it can generate tailored reports or solutions based on client-specific needs or data.
• Collaboration: Discuss how AI can assist consultants in brainstorming, content generation, and refining strategic
ideas.
Practical Demonstration (20 minutes)
• Live Demo: Show real-time examples of generative AI in action (e.g., using a GPT model to generate an executive
summary, create client proposals, or develop creative ideas).
• Hands-on Exercise: Allow participants to try a simple generative AI tool themselves (e.g., asking an AI tool to
generate a business insight or summarize a report).
Challenges and Considerations (10 minutes)
• Ethics: Discuss the ethical considerations, including bias in AI and potential misuse of AI-generated content.
• Limitations: Highlight where generative AI falls short, e.g., when it comes to creativity, understanding nuances, or
highly technical fields.
• Security and Privacy: Talk about concerns regarding client data security when using AI tools.
Q&A and Wrap-Up (15 minutes)
• Open the floor to any questions.
• Wrap up with a few actionable takeaways, such as potential use cases consultants can start exploring right away, or
further resources for learning.
Let’s get our hands dirty

1. Covid-19 data set


https://www.kaggle.com/datasets/imdevskp/corona-virus-report

2. Indian startup funding


https://www.kaggle.com/datasets/sudalairajkumar/indian-startup-funding

What are the top 5 industries receiving the most funding?


What other insights can you give me from this data
Generate a PPT report

3. Failed banks data


https://www.kaggle.com/datasets/utkarshx27/failed-banks-database

Analyse this data set of banks which failed, telling me the key reasons why they failed

4. E commerce customer data

https://www.kaggle.com/datasets/adityasingh01676/ecommercecustomerdata
Typical Types of Client Problem
Statements
Entering a new market M&A / Due Diligence

Industry Analysis Competitive Response

Growth Strategy Increasing Sales

Developing a new product Reducing costs

Pricing Strategies Turnarounds

Improving the bottomline Starting a new Business


Frameworks

Classic frameworks provide a generic structure for you


to think about business problems.
● Revenue-Cost model
● Three C’s / Four P’s
● Porter’s Five Forces
● Classic ways to enter a new
market
● Value Chain

They should not be memorized—it will make your thinking sound


artificial.
Sample Approach
Bucket Problems

The first basic step in any case interview is to break apart


the problem “horizontally”.
Problem: A company’s profits have been
declining…why?

Revenue Costs
s

This is basically a logic tree


The key is to make this first pass “MECE” or “Mutually Exclusive
and Collectively Exhaustive”
© Victor Cheng
Drill Down
Once you’re satisfied you’ve listed all of the MECE
buckets, you then “drill down” to find root causes.
Problem: A company’s profits have been
declining…why?

Revenues Costs

Price Volume Mix Fixed Variable

Price falling? Volume down? Shift to less Rent too high? Labor costs
profitable up?
lines?

The key is to figure out what is driving the problem © Victor Cheng
Drill Down

Frameworks often overlap-say, for example, you know


that prices have been falling.

Revenues Costs

Price Volume Mix Fixed Variable

Prices ARE
falling.

© Victor Cheng
Drill Down

Use Porter’s to find out why prices are


falling.

•Industry rivalry
•Buyers What is driving
•Suppliers price decline?
•Substitutes
•Threats of new
entrants

© Victor Cheng
Examples of Problem Statements

Your client is Tesla. They are looking to enter into the


Indian market. Come up with a go-to-market strategy

Your client is Flipkart, looking to gain market share


from Amazon

Your client is State Bank of India, who wants to


digitize their loan application process.
Examples of Problem Statements
Your client is an Indian sweets manufacturer who is
facing decline in profits.
How will you proceed to help him out?

Your client manufacturers hair products, who is


thinking about entering the sunscreen market.
Is this a good idea?

Your client has manufactured a breakthrough


technology for mitigating frequent household repairs.
How will you price the product?
Consulting Problem-Solving Tools

1 2 3

Balanced GE-Mckinsey Nine BCG Growth Share


scorecard Box Matrix Matrix

4 5 6

Value Chain
PESTLE Analysis SWOT Analysis
Analysis
Balanced Scorecard

The balanced scorecard provides a set of performance measures that


reflect an entity’s goals and strategies. The framework includes
measures from four perspectives.

● Financial Perspective: Evaluate shareholder value creation.


● Customer Perspective: Assess customer needs and satisfaction.
● Internal Operations Perspective: Optimize processes for
efficiency and quality.
● Innovation and Improvement Activities Perspective: Foster
innovation and learning for future growth.
Balanced Scorecard
PESTLE Analysis
P E S T L E
Political Economical Social Technologic Legal Environmen
al tal
Example: Example: Example: Example: Example: Example:
● Current tax ● Inflation ● Lifestyle ● Level of ● Employme ● Weather
policy Rate attitudes innovation nt laws ● Climate
● Brexit ● Exchange ● Cultural ● Automation ● Discriminat Change
● Trade rates barriers ● Technologic ion laws ● Environme
policies ● Economic ● Population al ● Health and ntal Policies
● Political growth growth awareness safety ● NGO
stability ● Interest ● Population ● Cybersecur ● Copyright Pressure
● Governmen rates Age ity Protection ● Recycling
t policy ● Disposable ● Health ● Technologic ● Consumer ● Pollution
income Consciousn al Change Safety ● Sustainabili
● Unemploy ess ● Internet ty
ment Rate ● Target availability
Demograph
ics
SWOT Analysis Examples

Apple Swot Analysis


Strengths Opportunities
● Brand recognition ● Expand Distribution Options
● Innovative Products ● Create New Product Lines
● Ease of use ● Technological
Weaknesses Threats
● High Prices ● Tough Competition
● Closed Ecosystem ● Law Suits
● Lack of Experimentation ● International Issues
SWOT Analysis Examples
Starbucks Swot analysis
Strengths Opportunities
● Great Brand Recognition ● Diversify Products for Culture
● Recognizable Chain ● Expand in Asia and Africa
● High Quality Unique Products ● Use Technical Advances as a
way to Distribute Products
Weaknesses Threats
● High Prices ● Low Cost Coffee Sellers
● Easy to imitate Products ● Independent Coffee House
● Products don't Account for ● Other Business imitate
Cultural Diversity in some Products
Regions
Attendance/Feedback

Public 19
Questions
THANK YOU

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