AI Creates PowerPoints at McKinsey Changing Junior Employees

McKinsey consultants are utilizing the agency’s proprietary AI platform to take over duties which have historically been dealt with by junior workers.

Kate Smaje, McKinsey’s international chief of expertise and AI, advised Bloomberg on Monday that McKinsey workers are more and more tapping into Lilli, the interior AI platform the agency launched in 2023. Whereas workers are permitted to make use of ChatGPT internally, Lilli is the one platform that enables them to enter confidential consumer knowledge safely.

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Over 75% of McKinsey’s 43,000 workers at the moment are utilizing Lilli month-to-month, Smaje disclosed. Lilli was named after Lillian Dombrowski, the primary lady employed by McKinsey in 1945.

By Lilli, McKinsey consultants can create a PowerPoint slideshow by way of a immediate and modify the tone of the presentation with a instrument referred to as “Tone of Voice” to make sure that the textual content aligns with the agency’s writing type. They will additionally draft proposals for consumer initiatives whereas sustaining the agency’s requirements, discover inside material specialists, and analysis business tendencies.

Lilli has superior sufficient to take over duties usually assigned to junior workers, however Smaje says that does not imply McKinsey goes to rent fewer junior analysts.

“Do we want armies of enterprise analysts creating PowerPoints? No, the expertise might try this,” Smaje advised Bloomberg. “It isn’t essentially that I will have fewer of them [analysts], however they are going to be doing the issues which can be extra precious to our shoppers.”

McKinsey advised Enterprise Insider that Lilli was educated on the agency’s total mental property, encompassing over 100,000 paperwork and interviews throughout the agency’s practically 100-year historical past. McKinsey workers who use Lilli flip to it 17 instances per week on common, a McKinsey senior accomplice advised BI.

A case examine revealed on McKinsey’s web site exhibits that Lilli solutions over half 1,000,000 prompts each month, saving staff 30% of the time they might have spent on gathering and synthesizing info.

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Consulting companies have been tapping into AI for years. Bain consultants have entry to Sage, an AI chatbot powered by OpenAI. At Boston Consulting Group, workers use an AI instrument referred to as Deckster to fine-tune their PowerPoint shows.

In the meantime, at different corporations, AI is taking up duties as soon as accomplished by human staff. IBM CEO Arvind Krishna stated final month that the corporate changed tons of of human assets workers with AI, then used the freed-up assets to rent extra programmers and salespeople.

A report from SignalFire, a enterprise capital agency that tracks over 650 million workers on LinkedIn, discovered that new graduates accounted for simply 7% of recent hires in 2024 at large tech corporations, down 25% from 2023, as AI takes over entry-level duties.