Digital Tech, Key To Industry Transformation-Expert

An expert in digital technology and management consulting practitioner, Olawale Akinlolu, has said embracing digital technology is no longer an option but a necessity for thriving in today’s marketplace.
In a chat with newsmen, Monday, Akinlolu noted the profound impact of digital transformation on the consulting landscape, heralding a shift in how services are delivered to clients.
Emphasising the importance of digital advancements, he said, “Gone are the days of traditional business practices, digital tools have become crucial in reshaping the consulting industry’s dynamics”.
The expert stressed that this shift not only brings new opportunities but also poses significant challenges, urging practitioners to adapt to this evolving landscape.
He highlighted the integration of digital tools like automation and artificial intelligence (AI) as instrumental in revolutionising consulting practices.
“These technologies enable consultants to efficiently analyze vast datasets, offering invaluable insights to clients with accelerated turnaround times for projects”, he said.
Furthermore, Akinlolu addressed the transformative impact of automation on streamlining routine tasks, freeing up consultants to focus on higher-value activities such as strategic development and in-depth analysis.
He also emphasised the potential of AI tools such as Natural Language Processing and Machine Learning in processing unstructured data, providing deeper insights into consumer behaviour and sentiment analysis.
According to the expert, in addition to enhancing analytical capabilities, digital technologies have revolutionized client engagement within the consulting realm.
Akinlolu asserted that virtual collaboration tools and online platforms facilitate seamless communication between consultants and clients, reducing the necessity for face-to-face meetings and cutting down on travel costs.
He also highlighted the emergence of online marketplaces simplifying the accessibility of consulting services for businesses.
These platforms, he said, “empower businesses to search, compare, and find the right consultant, streamlining the procurement process”.
Akinlolu, however, noted that a significant shift in the skillset demanded within the consulting field, adding that consultants are now expected to possess expertise in digital technologies such as data analytics, AI, and cybersecurity, alongside essential skills like communication and collaboration.

Despite the rising competition spurred by digital advancements, Akinlolu believes traditional consulting firms can adapt by offering specialized services and evolving to meet the demands of the digital landscape.

By: Corlins Walter