The New IT Organization
How Smaller Management Consulting Organizations are Supporting the Future of IT
Why Do Companies Hire Management Consultants?
The Top 4 Categories of Answers
Companies may have a temporary need to augment staff due to transformation and change management activities within the organization. Digital transformation, organizational change, program redesign and transition projects are sometimes root cause for these types of immediate ramp ups.
Companies may need to measure and improve performance in certain areas and choose to hire external resources with successes in targeted areas of performance. These may include planning, implementation, training activities, policy and procedural development.
Companies may need resources with specific business skills in certain business verticals but also in areas such as data analytics, cybersecurity, risk management, finance, organizational change management and artificial intelligence.
Companies may need skilled project management resources due to the planning and implementation of newly funded products, programs or infrastructure.
What are the key advantages of consulting with small, expert firms?
Small management consultancies have obvious benefits such as flexibility, availability, dedicated leadership, relationship building, transparency and cost, but there are other advantages: Smaller firms were previously at a disadvantage because of limited access to data, research and broad expertise within the company but new and more accessible internal and external capabilities in data analytics, strategic technologies + strategic business skills, help smaller firms continue to move towards a more level playing field; at least for the target markets in scope. Expert smaller firms also make continuous learning a priority, use well defined frameworks and methodologies, collaborate and form relationships with industry experts and other niche consulting and service practices around the globe, to form an “ecosystem of experts” in many areas.
How Much Support Do Smaller Firms Contribute to Information Technology (IT) and Business Consulting?
Management consulting revenue statistics (annual) vary widely with industry reports ranging from 250 to 900 billion dollars globally. Smaller firms have a substantial IT market presence (estimated at 10-36 billion dollars in revenue contributing to IT related services) and bright future; with estimated revenue growth throughout 2021. This trend is expected to continue for expert firms that continue their high levels of focus, value and preparation for the impact of disruptive technologies such as comprehensive analytics related to business and artificial intelligence on customer requirements.
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