<description>&lt;p dir="auto"&gt;AI is reshaping the consulting industry faster than the internet or remote work ever did. Some say the industry's days are numbered. So why are Anthropic and OpenAI building PE-backed consulting firms of their own? And how will private equity firms and the companies they own feel the change?&lt;/p&gt; &lt;p dir="auto"&gt;We get into what AI is actually doing to the consulting industry, why it's hitting faster than any tech shift before it, and how consulting firms are using AI to transform themselves to stay ahead of their clients. If you're an investor, an operator, a consultant, or just trying to figure out where the AI transition leaves you, this episode separates the signal from the noise.&lt;/p&gt; &lt;p dir="auto"&gt;Joining Devin is Matt Umscheid, CEO of Investor Group Services, a consulting firm supporting hundreds of middle market private equity firms. Matt is a former consultant, operating partner, and three time PE-backed CEO so he's seen the consulting model from every seat that matters.&lt;/p&gt; &lt;p dir="auto"&gt;For more information, visit their website (&lt;u&gt;&lt;mark&gt;&lt;a class="autolinked" href="https://igsinsights.com/" target="_blank" rel="noopener noreferrer" data-behavior= "truncate"&gt;https://igsinsights.com/&lt;/a&gt;&lt;/mark&gt;&lt;/u&gt;) or LinkedIn (&lt;u&gt;&lt;mark&gt;&lt;a class="autolinked" href= "https://www.linkedin.com/company/igsinsights/" target="_blank" rel="noopener noreferrer" data-behavior= "truncate"&gt;https://www.linkedin.com/company/igsinsights/&lt;/a&gt;&lt;/mark&gt;&lt;/u&gt;)&lt;/p&gt;</description>

Private Equity FunCast

Jim Milbery and Devin Mathews

Will AI Kill Consulting? (w/ IGS CEO Matt Umscheid)

JUN 24, 202658 MIN
Private Equity FunCast

Will AI Kill Consulting? (w/ IGS CEO Matt Umscheid)

JUN 24, 202658 MIN

Description

AI is reshaping the consulting industry faster than the internet or remote work ever did. Some say the industry's days are numbered. So why are Anthropic and OpenAI building PE-backed consulting firms of their own? And how will private equity firms and the companies they own feel the change? We get into what AI is actually doing to the consulting industry, why it's hitting faster than any tech shift before it, and how consulting firms are using AI to transform themselves to stay ahead of their clients. If you're an investor, an operator, a consultant, or just trying to figure out where the AI transition leaves you, this episode separates the signal from the noise. Joining Devin is Matt Umscheid, CEO of Investor Group Services, a consulting firm supporting hundreds of middle market private equity firms. Matt is a former consultant, operating partner, and three time PE-backed CEO so he's seen the consulting model from every seat that matters. For more information, visit their website (https://igsinsights.com/) or LinkedIn (https://www.linkedin.com/company/igsinsights/)