Arthur Lawrence, a global consulting and staffing firm renowned for its expertise in talent acquisition, finance, and digital transformation, has successfully acquired Raisso, a leading player in healthcare staffing. The strategic acquisition, culminating in the rebranding of Raisso as 'Raisso – an Arthur Lawrence Company', signifies a significant milestone for both entities, promising enhanced synergies and expanded opportunities in the healthcare industry. Wajid Mirza, Managing Partner at Arthur Lawrence, expressed enthusiasm for the integration, highlighting Raisso's unparalleled expertise ..read more

Japanese trading giant Itochu, in collaboration with global consulting firm Boston Consulting Group (BCG), is set to establish a pioneering joint venture aimed at leveraging generative artificial intelligence to enhance business operations. With Itochu holding a majority stake and overseeing the appointment of the venture's president, the partnership marks a significant departure from traditional business consulting models. The initiative responds to Japan's escalating labor shortages, offering innovative solutions to bolster efficiency and navigate geopolitical complexities. The joint venture ..read more

Global consultancy Bain & Company forecasts a substantial financial opportunity for insurance organizations through the adoption of generative AI (GenAI), potentially boosting revenues by up to 20% and reducing costs by as much as 15%. Bhavi Mehta, the global lead of AI in Financial Services at Bain, emphasizes three key avenues through which insurers can benefit from GenAI: productivity enhancement, sales improvement via effective agents and digital advice, and enhanced risk identification and targeting for customers, agents, and the enterprise. Bain's report outlines four transformative ..read more

As the digital landscape evolves rapidly, private and public sector leaders recognize the profound impact of data proliferation and AI advancements on society and business operations, in reshaping industries and societal norms in 2024. Five pivotal digital trends stand out: the Synthetic Data Revolution, RoboCop Reimagined, AI Algorithms Unite, Phygital Everywhere, and Fake or Real. Generative AI enables the creation of synthetic data, offering personalized solutions while safeguarding privacy, particularly in finance and healthcare. Humanoid adoption, driven by AI, is transforming industries ..read more

KPMG is embarking on a transformative journey, allocating a $2 billion budget to infuse generative artificial intelligence (AI) into every facet of its operations, aiming to equip its 270,000-strong workforce worldwide with AI proficiency. Spearheaded by Steve Chase, KPMG's vice chair of AI and digital innovation, and David Rowlands, the global head of artificial intelligence, the firm seeks to revolutionize tasks ranging from drafting meeting minutes to analyzing tax documents. With a mission to integrate AI comprehensively, KPMG aims to position itself competitively in the market, aligning w ..read more

EY, the third-largest accounting and consulting firm in the United States with annual revenue of $21.07 billion, has appointed Shawn Smith as the new leader of its Americas financial services organization (FSO). With 33 years of experience at EY, Smith brings extensive expertise in providing tax advisory services to clients in banking, capital markets, insurance, and wealth and asset management. He most recently served as the America's leader of the FSO tax practice, overseeing a team of more than 2,500 professionals. Smith, holds a master’s degree in accounting and a bachelor’s degree in corp ..read more

Accenture Federal Services and Microsoft have collaborated to introduce a groundbreaking Cloud Modernization and Migration Factory on Microsoft Azure Government, specifically tailored for national security applications. This initiative addresses the unique challenges faced by federal agencies and defense organizations, offering end-to-end cloud modernization services while meeting stringent security standards, including those of the Special Access Program community. The factory, spearheaded by Accenture Federal Services’s CEO John Goodman and Microsoft Executive’s Vice President Jason Zander ..read more

Generative artificial intelligence (GenAI) holds immense potential to revolutionize government operations, making them more efficient and effective. A recent study projected that by 2033, GenAI could generate productivity improvements worth $1.75 trillion annually across all levels of government globally. GenAI tools are expected to augment the work of public servants, allowing them to focus more on high-value tasks by automating routine activities. Implementing GenAI in the public sector doesn't necessitate significant upfront investments in technology; instead, an iterative approach focusing ..read more

The Consulting Report is pleased to announce its 2024 Annual Publication, which features the top consulting firms, consultants and firm leaders.   The publication also covers important trends in technology, healthcare and government.  Access the publication here.   ..read more

Accenture and Adobe have strengthened their longstanding relationship with a strategic expansion, focusing on co-developing industry-specific solutions using Adobe Firefly, Adobe's suite of creative generative AI models. This collaboration aims to enable organizations to produce personalized content at scale, transforming their content supply chains. Accenture will integrate Adobe Firefly Custom Models into its marketing services offered by Accenture Song, providing clients with tailored insights to train bespoke models on their proprietary data and brand guidelines. By harnessing the power of ..read more