Member-only story
From PowerPoints to Algorithms: The Evolution of Management Consulting
Rise of the Consulting Titans: From Suitcases to Supercomputers
In the past two or three decades, consulting has transformed from a niche advisory service to a behemoth industry, thanks to the meteoric rise of Tier 1 and 2 firms like MMB, to Deloitte, EY, PWC etc. I remember when I first joined Deloitte, I was in awe of its sheer scale. With over 455,000 employees globally, it felt like being part of a huge machine designed to solve some pretty complex things.
As a brief history of where I used to work, Deloitte, started as an accounting firm in the mid-19th century, has diversified its services to include consulting, financial advisory, risk management, and more. The firm’s ability to adapt and evolve has been a significant driver of its growth, leading to revenues that surpass $50 billion annually. This expansion was fueled by the increasing complexity of global business operations and the demand for expert guidance in navigating these challenges. From corporate strategy and operational improvements to digital transformations and mergers, Deloitte positioned themselves as indispensable partner to businesses across all sectors.
However, with great growth comes great challenges. As these firms expanded, so did the expectations of…
