How Data Analytics Are Changing the Consulting Industry

Like other industries, the consulting industry is being disrupted in many ways.  With the rise of artificial intelligence, machine learning, blockchain and advanced analytics, consultants may find themselves working closely with artificially intelligent systems that can analyze huge volumes of data that are incomprehensible to the human mind.  Learn more about how data analytics are changing the consulting industry – and what is perhaps the most important consulting skill going into the 2020s.


Re-Envisioning the Future with Generative Design
Could the current manufacturing, distribution, assembly and maintenance processes become obsolete in the not too distant future?  Today, we take a look at generative design as an innovative approach to thinking outside the box when it comes to design and its implications to manufacturing.
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At Croixstone we are inspired by mavericks…those unconventional thinkers who can see past conformity and who can accomplish what others say can’t be done.  Generative design has the ability to generate unconventional design options that go beyond our imagination alone and can be used to create everything from running shoes, earbuds and airplane partitions, to a revolutionary approach to designing the office space and buildings of the future.
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So what is generative design? According to Autodesk, a leader in 3D design, engineering and entertainment software, “Generative design is a technology that mimics nature’s evolutionary approach to design. It starts with your design goals and then explores all of the possible permutations of a solution to find the best option. Using cloud computing, generative design software quickly cycles through thousands—or even millions—of design choices, testing configurations and learning from each iteration what works and what doesn’t. The process lets designers generate brand new options, beyond what a human alone could create, to arrive at the most effective design.”  To better understand what generative design is all about, click here for a short video.
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  • Learn how generative design and additive manufacturing (i.e., 3-D printing) is changing the manufacturing world here.
  • Check out how generative design could radically transform the look of our world here.
  • Delve into a new world of highly efficient products made by generative design here.
  • Take a sneak peak into the first large-scale generative designed office here.

Automation, Big Data and the Future for Accountants

So what does the rise of intelligent machines mean for the future of accountants?  

Accounting Today recently endeavored to answer that question with help from two executives from Genpact, a global leader in digitally-powered business process management and services with experience in serving one-fifth of the Fortune Global 500.

Gianni Giacomelli (Chief Innovation Officer) and Prashant Shukla (Vice President, Marketing) of Genpact shared the following insights.

  • A large number of positions now handled by people, including accounting jobs, will be supplemented or replaced in some way by intelligent machines
  • The accounting industry is already seeing a displacement of jobs through outsourcing and robotic process automation
  • By diving into LinkedIn analytics, it is evident that numerous, expanded career paths may exist for accountants in roles traditionally unrelated to finance and accounting
  • One-third of 1,120 randomly selected people with “accountant” roles in their LinkedIn profile have held a role unrelated to finance and accounting
  • Customer service, operations, and sales and marketing were all well-represented in the LinkedIn research
  • Additionally, positions in research, program management, consulting and business analysis stood out

The bottom line?  

The Genpact executives believe that accountants offer skill sets that can help address a wide array of business challenges and the future offers expanded opportunities for these professionals in non-traditional finance and accounting roles.

Read the full article here.


The Gartner Top 10 Strategic Technology Trends for 2017

These are the top 10 strategic trends Gartner sees breaking out of the emerging space to have a potentially substantial impact over consumers and industries during the next five years.

  • Artificial Intelligence (AI) and Advanced Machine Learning
  • Intelligent Apps like VPAs (virtual personal assistants) and VCAs (virtual customer assistants)
  • Intelligent Things like drones, autonomous vehicles, and smart appliances
  • Virtual and Augmented Reality
  • Digital Twins
  • Blockchain and Distributed Ledgers
  • Conversational Systems
  • Mesh App and Service Architecture (MASA)
  • Digital Technology Platforms
  • Adaptive Security Architecture

Learn more about each of these top 10 strategy trends via Forbes here.


5 Ways Work Will Change in the Future

Are you ready to peek into the future?

The Croixstone Consulting team recently reviewed a study published in the UK’s The Guardian newspaper that highlighted five ways that work will change in the future.

1. Workplace Structures
Forget the rigid corporate ladder – now the corporate lattice allows free-flowing ideas and career paths

2. Artificial Intelligence
The robots are coming and if the forecasts are correct, they could impact millions of jobs

3. The Human Cloud
Websites that match employers with freelancers are growing fast

4. Workplace Monitoring
Are you ready to be tracked in a much different way?

5. The End of Retirement
There’s no more automatic “out” at age 65

Read the full article here.