Just from noodling around a little on the internet, I came across a very interesting article about use of AI by consultancies, advisory firms, etc. As it relates to the Big 4 Accounting Firms (EY, KPMG, PwC, Deloitte), here is a reference that I found:
The growth in AI gives them a chance to establish a strong practice in an emerging area. AI is a technology with implications to many business areas where talent is still scarce. Big 4 accounting firms are some of the largest employers in the world and they have deep enough pockets to make large investments in this space and they have the business development know-how and resources to make partnerships across the AI ecosystem to deliver end-to-end services.
Do we think HDC reached out to any of them? Likely not. We're stuck in the mud waiting to figure out how to protect our IP, and we're stuck in the mud waiting for feedback from a research institution. Meanwhile, the rest of the world is moving forward. I reviewed EY's website, and saw a succinct summary of the guy who heads up the organization's AI Lab, and he is responsible for projects driving strategic transformation of how the company operates, competes, and provides services. He is also strengthening relationships with start-ups and academic communities.
So what is our leadership doing? Anybody care to pick up the phone and tout our SVM-RFE? Of course not. Our team can't even get an update from SVM Capital, which we partly own. This do nothing and say nothing approach needs to stop. We need leadership with a focus on accomplishment.
