Navigating the New Frontier: AI and Consulting in Australia and New Zealand

August 14, 2024, 3:57 am
Goldman Sachs
Goldman Sachs
Location: United States, New York
Employees: 1-10
The landscape of business is shifting. New players are entering the arena, and established firms are adapting to stay relevant. In this dynamic environment, two stories emerge: the rise of Invartis Consulting in Australia and New Zealand, and Asteri's innovative approach to bridging the AI skills gap. Both narratives highlight the urgent need for businesses to evolve and embrace change.

Invartis Consulting has made a bold move by launching its Australia and New Zealand (ANZ) operations. At the helm is Nigel Jansz, a seasoned expert with a rich background in wealth asset management. His arrival signals a new chapter for the firm, which is headquartered in Singapore and operates globally. The Melbourne office is now the sixth in its portfolio, reflecting a strategic expansion into a market ripe with opportunity.

Jansz’s experience is extensive. He comes from EY, where he led the Technology, Data, and AI practice within the Wealth Asset Management sector. His journey has taken him through the ranks of Deloitte, Goldman Sachs, and National Australia Bank. This wealth of experience positions him as a key player in the consulting landscape. He understands the nuances of the Australian market and the pressing needs of its superannuation and wealth sectors.

Invartis Consulting specializes in management and technology consulting for the investment management industry. With Jansz at the helm, the firm aims to leverage its deep industry expertise to help clients navigate complex transformation programs. The goal is clear: to enhance efficiency and technology integration within the Australian financial services sector.

The firm’s strategic vision aligns with the growing demand for technology-driven solutions in finance. As businesses grapple with digital transformation, Invartis Consulting is poised to provide the necessary guidance. The expertise brought by Jansz is not just about consulting; it’s about fostering a culture of innovation and adaptability.

Meanwhile, the conversation around artificial intelligence (AI) is heating up. Asteri, a leader in AI workforce solutions, is addressing a critical issue: the skills gap created by the rapid integration of AI into business operations. With 82% of companies exploring or using AI, the need for skilled employees has never been more urgent. Yet, many organizations struggle to find the right talent to effectively deploy these new tools.

Asteri’s approach is to empower employees with the skills needed to thrive alongside AI. The company’s advanced AI skills engine provides unbiased data on workforce capabilities. This allows businesses to make informed decisions about upskilling and reskilling their teams. The goal is to create a symbiotic relationship between humans and AI, where both can excel.

The statistics are staggering. A report by Goldman Sachs predicts that AI could replace 300 million full-time jobs by 2030. However, 87% of businesses believe AI will drive revenue growth and operational efficiency. The challenge lies in navigating this duality. Asteri emphasizes the importance of strategic workforce planning to ensure that employees are equipped to meet the demands of an AI-driven future.

Asteri’s founders recognize that many existing learning and development programs are outdated. They were designed before the full impact of AI was understood. To combat this, Asteri is creating a knowledge graph that identifies essential skills in real-time. This innovative tool helps companies track which skills are gaining prominence and which are becoming obsolete.

The urgency of this initiative cannot be overstated. Companies that fail to adapt risk losing their competitive edge. Asteri’s message is clear: proactive measures are essential. Businesses must act now to ensure they are not left behind in the AI revolution.

As the consulting landscape evolves, both Invartis Consulting and Asteri are leading the charge. Invartis is focused on transforming the financial services sector in Australia and New Zealand, while Asteri is addressing the workforce challenges posed by AI. Together, they represent a new wave of innovation and adaptability in the business world.

The intersection of consulting and AI is a fertile ground for growth. Companies that embrace this change will not only survive but thrive. The future belongs to those who are willing to invest in their people and technology. As the business landscape continues to shift, the importance of strategic foresight and agility cannot be overstated.

In conclusion, the stories of Invartis Consulting and Asteri serve as a reminder of the importance of adaptability in today’s fast-paced business environment. The challenges posed by AI and digital transformation are significant, but they also present opportunities for growth and innovation. As businesses navigate this new frontier, the ability to harness technology and empower employees will be key to success. The future is here, and it demands a new way of thinking. Embrace it, or risk being left behind.