CQ Directory Insights – African Consulting Market #4: The Industries

Welcome to the fourth issue of our New Blog Series -the “CQ Directory Insights”. In this series, you will learn “everything-you-need-to-know” about the African Consulting market through a set of fun infographics. In the previous issue, we discussed that the Top Three Capabilities in the African consulting market are Strategy, Human Capital and Operations. The total number of capabilities covered on average is 2.5 and almost a quarter of the consulting firms is specialized in only one capability.

In this issue, we will take a look at the top Consulting industries the region and how they compare to those on a global scale.

The Industries

According to Consulting Quest’s research and data from the Global Directory, the Top Three Industries of the African Consulting market are 1) Financial Services; 2) Health & Life Sciences and 3) Energy & Environment. Interestingly, the consulting offering does not reflect the local needs, which are primarily rooted in Agriculture, Natural Resources and  Financial Services.

In addition, over 14% of the consulting firms in Africa are specialized in one industry, yet the total industries covered on average is 6.3. This finding is congruent with our previous observation that large global Consulting Firms are over-represented in the region compared to the rest of the world. 

This post concludes our series on the African consulting market. In the next series, we will shift our focus to the Consulting market in Asia-Pacific and explore the unique consulting offering there. Stay tuned!

About Consulting Quest Global Directory

Consulting Quest Global Directory is the World’s Largest Professionally-Managed Directory in the Consulting Industry. Searchable by consultancy name or by region, capability or industry, it lists and describes more than 6000 consultancies worldwide, with links to their websites and social media channels. With such a powerful database, we decided to dig deeper into the directory and analyzed the consulting offering in each of the following regions of the world: North America, Europe, Middle East and Africa, Asia-Pacifics and LATAM.

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The Hottest Applications in AI

The Hottest Applications in AI

Artificial Intelligence and its application is no longer a far-fetched future, but more and more an everyday reality. All kinds of technologies will adopt AI components and procedures and various industries will experience its tremendous impact.

Greater efficiency in all types of sectors, unbridled creativity, reduced human error, much higher productivity are some of the key contributions AI will inevitably deliver.

 

The main areas of application of AI include:

 

  1. More Effective Decision Management

AI systems operate on rules and logic. They are especially suitable in a wide variety of enterprise applications, assisting in or performing automated decision-making. Some of the  vendors in that area are Advanced Systems Concepts, Informatica, Maana, and Pegasystems.

2. Biometrics – The Interaction of Machines and Humans

Biometrics is still in its early stages, but it has a solid future ahead. Mainly there is a lot of improvement to be made in how people and machines interact. That includes imaging, touch recognition, speech recognition, and reading body language. Some of the companies developing the applications currently are Affectiva, Agnitio, FaceFirst, Sensory and Tahzoo.

3. NLP: Natural language processing (NLP) and Text Analytics

Facilitating the understanding of a sentence structure, meaning, emotion, and intent via statistical and machine learning methods is currently under development. The areas that will benefit the most are fraud detection and security, automated assistants, and mining unstructured data. Companies working in that field currently are Basis Technology, Coveo, Expert System, Indico, Knime, Lexalytics, Linguamatics, Mindbreeze, Sinequa, Stratifyd, and Synapsify.

4. Deep Learning Platforms – Artificial neural networks with multiple abstraction layers

Currently primarily used in pattern recognition and classification applications supported by very large data sets. Ersatz Labs, MathWorks, Peltarion, Saffron Technology, and Sentient Technologies are currently developing applications.

5. Robotic Process Automation

The task here is how to automate human action using scripts to support efficiently business processes. Currently these applications are used where it’s too expensive or inefficient for humans to execute a task. Main vendors in that field include: Advanced Systems Concepts, Automation Anywhere, Blue Prism, UiPath, and WorkFusion.

 

Despite the many business benefits AI technologies can deliver, there are certainly obstacles to AI adoption. Some companies and industries are reluctant to invest or are just not very interested in AI. These are sectors and jobs where machines will not be able to replace humans as easily.