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The Future of AI in Transforming Heavy Industries

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Hello followers! Today, we’re diving into how AI is shaking up traditional sectors like consulting, law, and accounting with a fun and fresh tone.

AI is no longer just a buzzword; it’s a powerful force reshaping long-established industries. Think about the past: mainframes, PCs, internet, mobile — each wave transformed how we work and do business. Now, AI is teaming up with humans to boost productivity and reimagine workflows, especially in sectors that rely heavily on repetitive tasks.

For example, implementing a CRM system like Salesforce traditionally involves a lot of human labor. But with AI, many of these tasks can be automated. The AI acts as a reliable partner, doing large chunks of work, while humans handle the nuanced parts. This shift reduces costs and increases margins, making firms more agile and profitable.

Moreover, instead of competing with giant firms like Accenture or TCS, startups should focus on serving smaller markets neglected by big players. Think small businesses that can’t afford full-time knowledge workers. AI-powered solutions can offer these companies affordable, outcome-based services—charging per event rather than hourly or monthly fees.

Take the example of Gruve, a newly funded AI consulting startup. They acquired a security firm and transformed its operations using AI, resulting in an 80% gross margin—something that traditional security services struggle to achieve. Their success shows how outcome-based, AI-driven models can be disruptive and profitable.

Big consulting firms may try to buy or develop AI capabilities, but their existing business models—especially with ongoing revenue streams—pose a challenge to rapid transformation. The ‘innovator’s dilemma’ suggests they might resist shifting to outcome-based pricing until it becomes unavoidable, at which point smaller, nimble startups could take the lead.

So, what’s a true AI teammate? It’s a digital assistant that collaborates seamlessly with humans, not replacing but augmenting their work. Despite concerns about job displacement, history shows that technology expands markets rather than shrinking them. AI will handle tasks humans can’t easily reach, enabling us to focus on higher-value activities.

Investors should adopt a disciplined approach with clear strategies. Practice, patience, and a focus on niché markets are essential, as the AI revolution is still gaining momentum. Remember, in this unpredictable landscape, having your own guiding principles is key to thriving.

Overall, AI’s potential to redefine industries is immense. Embracing outcome-based models and serving underserved markets will be critical in riding the wave of innovation and profit.

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Written by Nuked

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