- What is Predictive Analytics? Learn the about the process, applications, software and more here.
- Read how to convert analytics into action here.
Last year, Microsoft purchased LinkedIn, the world’s largest networking and job search platform, for $26 billion. LinkedIn now has more than 500 million members, and its job platform hit a record 10 million jobs posted. Why did Microsoft buy LinkedIn? LinkedIn provides Microsoft with vast data to fuel its machine learning and business intelligence strategies.
Learn about the benefits of the Microsoft/LinkedIn acquisition here.
Coming soon, a new version of LinkIn’s app that will match you up with a mentor…read about it here.
Dive deeper into LinkedIn’s newer features here.
A couple of years ago, a team of thought leaders put their minds together to study professional services, especially consulting and law, to understand how these industries are changing and why. Then they spoke extensively with more than 50 leaders of incumbent and emerging firms, their clients, and academics and researchers who study them.
So what did these thought leaders learn from this study and the interviews?
The same forces that disrupted so many businesses, from steel to publishing, are starting to reshape the world of consulting.
Learn more here.
So just what do 100 Managing Directors, Partners and Vice Presidents think about the state of the consulting industry?
According to the team at CONSULTING magazine, they are exceptionally positive about the prospects for growth in 2017 and maintain a “pedal to the metal” philosophy. The magazine has just published its annual “executive outlook” for the new year and the CROIXSTONE consulting team noted the following highlights with great interest.
Read the full article here.
According to a new study conducted by LinkedIn, freelancers now account for nearly 35% of the USA workforce…and the trend is only gaining traction with more professionals opting out of traditional “full-time” employment.
The Croixstone Consulting team found the following survey findings of particular interest:
Gain more insights into the Freelance Economy here.
So which city in the USA has the most fulfilled workers?
During the summer of 2016, Censuswide surveyed 1,000 professionals across the USA about their overall level of job satisfaction and the factors that contribute to it. Charlotte tops the list with 65% of its professionals feeling very or completely fulfilled at work, and chefs rank the highest in job satisfaction with 84% reporting they feel very or completely fulfilled at work.
The next time you are feeling down about your career, you may wish to visit one of the Queen City’s great local restaurants at lunch and sit next to the apparently happy chef to change your mood. After your meal, call the Croixstone Consulting team and we’ll be glad to talk about our management consulting opportunities!
Read more about the survey on LinkedIn’s blog here.
So is the gig economy disrupting the traditional consulting industry?
Yes, according to many experts. Back in 2013, Harvard Business Review published a fascinating article entitled “Consulting on the Cusp of Disruption” which predicted the disruption of established consultants as first smaller, then larger, clients start using alternatives to the big brands for all but “a core of critical work”.
In follow-up to this prediction, the Croixstone Consulting leadership team reviewed this week a newly-published article by Andrew Hill, Management Editor of the Financial Times, entitled “When McKinsey Met Uber: The Gig Economy Comes to Consulting” which spotlights the trend of business consultants setting out on their own as a higher-paid, and growing stratum of “gig consultants”.
We found the following factoids from the Financial Times article to be of particular interest:
Read the full article here (subscription may be required).
So how big is the U.S. consulting industry?
According to data published in June 2016 by Consultancy.uk (an online platform for the advisory and consulting industry), the U.S. consulting industry (the world’s largest and most mature consulting segment), grew strongly last year at a healthy 8% to reach nearly $55 billion.
Given Croixstone Consulting’s home here in Charlotte, the nation’s 2nd largest financial market, it was no surprise to see that, once again, the Financial Services industry remains far and away the U.S. consulting market’s biggest spender. Banks and insurers, among others, spent nearly $14 billion on consultants in 2015, up 9% on last year, although the growth rate was slower than the year previous.
Other industries showed robust growth as well. Retail was the fastest growing sector, expanding 11% to approach $4 billion as retailers bolstered their digital investments in order to tap into the rise of e-commerce and omnichannel demands. Consulting to the public sector remains the poor relation of the industry, according to the researchers, with a 2.6% growth to $6 billion, as public sector investment sunk to the lowest level in over 60 years. The U.S. energy & resources consulting market grew by 5% to $7.3 billion, while pharma grew by a strong 10% to $1.7 billion, despite mounting pressures in the space, including an increasingly intense debate about drug pricing practices.
Learn more here.