siliconindia | | November 20188By Lalit Khanna, Founder & Managing Director, SL ConsultantsEstablished in 2009 as a one-stop shop, SL Consultants has helped companies across myriad industry segments implement high-impact strategies swiftly and effectively to improve productivity.T he business consulting market in India is grow-ing at a rapid pace as it is projected to rise over $12 billion mark by the end of the year 2018. The management consulting segment contributes nearly $1.5 billion to the overall revenue of the business consulting industry. After maintaining a consistent growth rate of 6.75% for a couple of years, the industry is now at the onset of major disruption, which will make it one of the fast-pacing industries in India. The dig-italization, emerging market trends, and market-liberaliza-tion schemes and policies introduced by the Government of India back in 2014 are still wheeling the industry. The organizations are opting for cutting-edge technolo-gies like AI, Natural Language Processing, and IoT to dig-itally optimize their existing business operations as well as design and develop new innovative products. For this, the startups, as well as established firms, are seeking expert ad-vice from external advisory firms armed with the tech-sav-vy workforce. With the simpler norms and procedures to enter into the market for MNCs, local advisory firms are leveraging the opportunity to assist international brands in positing themselves into the Indian market. However, the Indian market is full of ups and downs for which the con-sulting firm and its client have to stay prepared in advance: Digital Transformation and Automation The introduction of the latest advents in technology and digitization is leading to more tech-oriented consulting work for consulting firms. With the continual development of technology, the needs of businesses keep on changing. Be it healthcare or telecommunications, technology is greatly impacting how organizations work. Where start-360 DEGREE BUSINESS CONSULTANCY IS THE NEED OF THE HOURIN MY OPiNion
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