Data Science: A New Era for the Consulting Industry

Consulting firms the world over, are looking to develop competencies that would create a definite competitive advantage for them in the market. The consulting sector is no longer immune to disruptive technologies that have significantly influenced other businesses, and is flooded with new players having a non-traditional approach toward consulting. Globally, companies seeking a consulting firm’s services not only demand greater specialization and transparency regarding the return on investment (ROI), but also insist on partnership through the implementation process. In this context, Fast data and big analytics have emerged as essentials for firms that need access to real-time data for strategic decision making. The value of data science lies in the actionable insights generated from this technology setup, while implementing consulting advice with customers and building transparency in the whole…

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