3 Minutes Read By Toni Stork

The Future of Consulting: Adapting to New Realities

#Industry Trends

The consulting industry has played a vital role in helping businesses navigate complex challenges and achieve their goals for decades. However, as the business world changes, so too must the consulting industry adapt to new realities. In this article, we will explore the key changes in consulting over the next three years, the future of consulting, the impact of technology, and how to stay attractive to consulting talents.

Key Changes in Consulting in the Next 3 Years

The consulting industry is evolving, and companies will expect more solution-oriented, actionable results from consulting work and less abstract strategy work. In addition, consulting services will move away from classic strategy consulting towards engagements with a stronger focus on combining and implementing these strategies. The range of consulting services will also expand with digital services driving change in digital pricing, digital ESG solutions, and digital transformation of macro issues.

1. The Future of Consulting

The future of consulting will require less time on-site with clients as technology facilitates digital communication and collaboration. However, consulting will remain a team approach, and the output has to be action-oriented and bring direct added value to the client. Hands-on consulting is the future, focusing on common issues to drive forward.


2. The Impact of Technology on the Consulting Industry

Technology has already had a significant impact on the daily work of consultants. It supports everything from internal and external communication with Teams and mail to data cleansing, transformation, and analysis with Excel or Python, to preparing project results with PowerPoint. New disruptive technologies, such as AI, will enter the consulting industry and improve the efficiency of processes through increasing automation.


3. How to Stay Attractive for Consulting Talents

To stay attractive to consulting talents, firms must become frontrunners in digitalization topics, building digital leaders through interesting projects, clients, industries, and ongoing learning and development opportunities. Company culture and environment will play a key role in attracting and retaining talent, focusing on building up digital expertise and working with other great minds to provide actionable solutions that lead to outstanding client and employee satisfaction. Continuing to be a growing and developing company, being in touch with universities, and engaging with professors focusing on digital topics are also essential.


Adapting to New Realities

The consulting industry must be willing to adapt to new realities, embrace new technologies, and focus on producing actionable, solution-oriented results that add value for clients. By staying ahead of the curve and building a culture that prioritizes innovation, collaboration, and continuous learning, consulting firms can ensure their continued success in the years to come. In the end, it is the ability to deliver high-quality project results and a positive impact on the client's business development that will remain the cornerstone of the consulting industry.

By Toni Stork

Contact an expert

Do you want to know more about our expertise? Get in touch!

Industry Insights

Decoding Data & AI: Why is everyone talking about MMMs (Marketing/Media Mix Models)?

OMMAX holds in-depth expertise in data strategy, data engineering, and advanced data analytics. We have a proven track record of successful projects [...]

Industry Insights

FAQ about Digital Due Diligence

In today’s technology-driven world, digital maturity is pivotal to business success. For many companies, brand building, marketing and transactions [...]

Industry Insights

The Power of Digital Due Diligence: Assessing Digital Growth Potentials

Digital markets are based on other mechanisms than classic markets. Due diligence analyzes a business's present position and future potential. This [...]

Industry Insights

The perfect Sales Pipeline: A Six-Step Approach

In the dynamic landscape of today's tech-driven business environment, the efficacy of sales processes can either become lucrative cash-generating [...]

Case Studies

The Median Case

MEDIAN is the biggest private operator of rehabilitation facilities in Germany with an outstanding reputation. The group operates 122 rehab clinics, [...]

Case Studies

The WAGO Case

WAGO is an internationally leading supplier of connection and automation technology and interface electronics, as well as the global market leader in [...]

Case Studies

ghd: Scaling digital marketing and sales performance holistically

As an innovative and premium brand for hairstyling products, ghd seeks to provide their customers with an at-home hair salon experience with [...]

Case Studies

DISTRELEC: Assessing digital and commercial readiness and implementing key value creation initiatives

Distrelec is a leading European B2B distributor of electronic and technical components with around 400 employees. Beyond its main markets of [...]

Sign Up for the Newsletter

Development and Execution of a Customized Digital Growth Strategy