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 world chief of know-how and AI, instructed 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 permits them to enter confidential shopper 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 girl 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 known as “Tone of Voice” to make sure that the textual content aligns with the agency’s writing model. They will additionally draft proposals for shopper initiatives whereas sustaining the agency’s requirements, discover inside material consultants, and analysis trade developments.

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

“Do we’d like armies of enterprise analysts creating PowerPoints? No, the know-how might do this,” Smaje instructed Bloomberg. “It isn’t essentially that I’ll have fewer of them [analysts], however they’ll be doing the issues which can be extra worthwhile to our shoppers.”

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

A case research printed on McKinsey’s web site reveals that Lilli solutions over half 1,000,000 prompts each month, saving employees 30% of the time they’d 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 known as Deckster to fine-tune their PowerPoint shows.

In the meantime, at different corporations, AI is taking on duties as soon as accomplished by human employees. IBM CEO Arvind Krishna mentioned final month that the corporate changed tons of of human sources employees with AI, then used the freed-up sources 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 latest hires in 2024 at massive tech corporations, down 25% from 2023, as AI takes over entry-level duties.