What the world’s top consultants think about blockchain, AI and 3D printing – Management Today

The 5 big trends that McKinsey, BCG and co. are all talking about.

To most business leaders, the term ‘management consultant’ is synonymous with ‘expensive advice’. However, it is actually very easy to gain the benefit of at least some consulting advice for free.

Last year, the world’s leading consulting firms published a huge amount of free content, designed to both educate and impress those grappling with the challenges of running a successful business in our rapidly changing world. And because this ‘thought leadership’ is seen as a vital marketing tool, it is available for free to everyone—from a small business owner to the CEO and board of a multi-national organisation.

Some of this content is weak, a dreary sermon that tells you what you already know. But don’t let this put you off: Among the 5,000 items we’ve added to our database over the past year there is much that can help you avoid reinventing the wheel when tackling your own challenges, as well as insights that will keep you ahead of the competition. Here are the top five topics that consulting firms are writing about, and our view on where to start when exploiting this free advice:

. . .

3. BLOCKCHAIN
In our experience, most business leaders who are au fait with blockchain work within the financial services sector. Yet, according to experts, blockchain technology—which creates a permanent and transparent record of transactions—will disrupt many other sectors. The Boston Consulting Group’s Thinking outside the blocks, a good resource for those wanting to understand more about the technology, describes blockchain as the disruptive technology for storage, as the PC was for computation and the internet for communication.

The same firm’s Seven possible killer apps for blockchain and digital tokens covers what blockchain could mean in practice. For example, it could help make supply chains cheap and transparent: ‘The item itself—like a bitcoin—can carry a continuous identifier that accesses digitally signed data entered on a blockchain by freight forwarders, customs authorities, shippers, wholesalers, retailers, and trusted independent certifiers. This can replace the bill of lading, but it can also certify that the goods were handmade in Firenze, manufactured by a Fair Trade Federation member, or free of genetically modified organisms.’
More at: What the world’s top consultants think about blockchain, AI and 3D printing –  Management Today

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