The AI-Pocalypse? The threat of AI to professional service firm revenues 2024 | Simon-Kucher & Partners | 24 January 2024 | The Royal Institution of Great, 21 Albemarle St, London W1S 4BS, UK

Discover how generative AI has moved from concept to concrete reality, fundamentally transforming the professional services sector.

With its remarkable natural-language capabilities, (generative) AI has transcended traditional automation technologies by excelling in cognitive activities like decision-making and creative thinking — areas once exclusive to human expertise and at the core of professional services. As such, generative AI has unleashed an unprecedent potential for enhanced efficiency in the sector.

Amid this exhilarating promise of heightened efficiency, a critical challenge emerges. Many professional services firms stand on the precipice of unforeseen repercussions that threaten to undermine the very gains they seek: the revenue models in place expose these firms to the peril of transferring benefits directly to clients. The consequence? A stark decline in revenues and profitability that contradicts the initial allure of enhanced efficiency.

This event by Simon-Kucher explores the potential and challenges of generative AI and unveils strategies to adapt revenue models for sustained profitability. We'll discuss the need for a fundamental redesign, embracing output and outcome-based pricing models. Engage with the leading growth consultants and experts in professional services to future-proof your business.

The event will:

• Discuss the impact of (generative) AI on professional services
• Assess the risk of the technology on revenues and profits
• Deep dive tactics and best practice approaches to transform the revenue model to capitalise on gains from AI

2024 Speaker

James Brown
Senior Partner