Artificial intelligence is the key to success, but knowing how to use it makes all the difference. That’s where AI consulting companies help. Here, we’ll discuss the top ten AI consulting services firms that work with Fortune 500 companies around the globe.
Artificial intelligence is no longer an option for businesses. It is a must-use technology if organizations want to survive market competition and stay active in this ever-changing global scenario. However, every business, big or small, cannot and may not want to build the AI model from scratch or maintain an in-house team of AI experts.
In such instances, it makes sense to hire AI consulting services and partner with reputed service providers to integrate artificial intelligence with business processes and embrace digital transformation. This resulted in various firms offering AI consultancy solutions for startups, SMBs, MSMEs, and large enterprises. Even some of the Fortune 500 Companies prefer to collaborate with AI consulting firms to achieve their goals.
So, how big is the AI consulting market? Well, according to BCC Research, the global AI consulting services market is expected to touch $64.3 billion by 2028 at a CAGR (compound annual growth rate) of 34.2%. As per Grand View Research, the global AI market is $196.63 billion in 2023 and is estimated to grow at a CAGR of 36.6% from 2024 to 2030.
In this blog, we’ll take a look at the top AI consulting companies that work with Fortune 500 businesses and clients from various other industries.
The biggest barrier to AI adoption is the lack of expertise and the cost of building the models from scratch. Choosing the wrong technologies or approach can lead to more challenges and losses instead of empowering the business. But how can an enterprise overcome these issues without increasing expenses?
That’s where AI consulting services come into the picture. An AI consulting company is a service provider that assists various businesses in understanding and adopting AI technologies to achieve their goals. From creating the strategy to ensuring long-term maintenance and support, the consulting company has many roles and responsibilities. However, not all firms offer the same services. For example, some AI consultancy companies are limited to strategy formation or tech support.
Some companies offer end-to-end support, including AI product development services and staff augmentation services. The top four (Deloitte, EY, PwC, and KPMG) cater exclusively to MNCs and large enterprises and have premium charges. Fortune 500 Companies may prefer to work with such service providers or opt for other leading AI consulting companies.
DataToBiz is a leading AI product development company offering end-to-end and tailored services for clients from various industries, such as manufacturing, finance, EdTech, healthcare, telecommunication, surveillance, logistics, retail and eCommerce, IT, energy, hospitality, and many more. The award-winning company offers full-scale solutions for businesses to address and overcome challenges. Generative AI, NLP, computer vision, ML modeling, etc., are a part of the company’s AI services.
Additionally, DataToBiz also offers custom services for data analytics, data engineering, business intelligence, and IT staff augmentation. It is a reliable and cost-effective company providing AI consulting for MNCs, Fortune 500 firms, startups, SMBs, MSMEs, and large-scale enterprises. The company has ISO certification, along with compliance with SOC 2, GDPR, CCPA, DSS, NIST, and HIPPA. From strategy formation to deployment, integration, and maintenance, the experts from the company handle each process with seamless efficiency.
Glassdoor Rating: 4.8 Stars
IBM is among the top AI consulting companies in the world and works with Fortune 500 firms, multinational companies, and large enterprises. It offers adaptive solutions for clients from healthcare, manufacturing, IT, finance and insurance, marketing, etc. The company uses an open enterprise-grade AI approach to provide flexibility and scalability for clients while prioritizing safety and compliance with holistic AI. Using its decades of experience in the field, the company has developed various artificial intelligence solutions like Watsonx, Granite, and others.
IBM’s AI consulting services help businesses redesign workflows and scale the systems quickly using hybrid cloud technologies. Automation, IT modernization, edge computing, data science, ESG reporting, data management, and cloud security are some of the extensive services offered by the service provider. The company’s generative AI services help different departments like customer service, HR, marketing, finance and accounting, etc. It encourages businesses to become more successful using sustainable processes.
Glassdoor Rating: 4.0 Stars
Accenture is an AI services company helping various large enterprises and Fortune 500 firms reinvent their processes with data and artificial intelligence. It partners with leading tech providers like Google AWS, SAP, Oracle, Salesforce, etc., to help businesses build a comprehensive ecosystem to streamline their internal systems. The company’s generative AI consulting services are much in demand in the global market along with other services like cloud computing, cyber security, supply chain, sustainability, Metaverse, finance and risk management, and many more.
Accenture has a presence in several industries, such as aerospace, banking, capital markets, energy, consumer goods, public sector, insurance, life sciences, etc. It emphasizes responsible AI for businesses to bridge the gap between intention and execution. The company understands the importance of aligning the AI strategy with business requirements and long-term goals. The services are customized to suit each client’s requirements and scaled for large enterprises across all verticals.
Glassdoor Rating: 3.9 Stars
LeewayHertz provides AI consulting services and development solutions for enterprises to amplify operational efficiency and streamline workflows. The company works with clients from finance and banking, manufacturing, retail, insurance, hospitality, healthcare, startups, consumer electronics, and other sectors. It offers AI and ML strategy development services, custom app development, Copilot development, AI integration, enterprise AI development, fine-tuning LLMs, data engineering, and generative AI development services.
LeewayHertz has expert AI professionals to provide end-to-end development services for Fortune 500 companies, large enterprises, and mid-scale businesses. It prioritizes speedy development and deployment by following agile methodologies. The company’s advanced tech stack makes it easy to complete and deliver projects within the pre-determined schedule without compromising quality or exceeding the budget. The AI team has experience working with diverse models like Llama-3, GPT-4, Stable Diffusion, Google Gemini, and many more. From neural networks to algorithms, applications, and embedding models, the company can work with any kind of requirement.
Glassdoor Rating: 4.0 Stars
Deeper Insights offers AI as a service and AI consulting services for businesses to initiate digital transformation 2.0 and solve data intelligence challenges using advanced technology. The company helps clients find ways to work smarter, scale easily, and become more efficient without increasing expenses. It deals with enterprises, Fortune 500 companies, and SMBs from healthcare, real estate, legal, government, financial services, aviation, and environment. From data extraction to advanced analytics, the company’s team of experts will provide customized services for various requirements.
Deeper Insights combines AI and data science to build custom dashboards for businesses to make data-driven decisions, assess risk, predict outcomes, and so on. The company collaborated with clients on multiple levels to offer tailored consulting solutions for AI discovery, architecture design, app development, deployment, generative AI, and maintenance and support to handle the systems in the long term.
Glassdoor Rating: 4.9 Stars
Boston Consulting Group (BCG) is a global consulting firm offering a range of services for clients from different parts of the world. It provides AI consulting services for Fortune 500 companies and large enterprises to help them seamlessly scale the systems and processes according to their needs. The company blends technology and human expertise to maximize productivity, increase business potential, and innovation using artificial intelligence. Be it responsible AI or generative AI, the company knows how to create a tailored strategy to help clients overcome business challenges.
BCG has a strong presence in many industries, like automotive, IT, healthcare, industrial goods, public sector, insurance, retail, media, travel, and many more. Apart from AI, it takes care of business transformation, operation and sales, marketing, cost management, people strategy, sustainability, etc. The company follows a 10-20-70 approach, with 10% emphasis on algorithms, 20% on tech and data, and 70% on people and processes. Its DRI (deploy, reshape, and invent) interconnected values support businesses in end-to-end digital transformation and AI adoption.
Glassdoor Rating: 4.3 Stars
Infosys is a global IT service provider with a vast experience in the industry. It offers AI product development and consulting services through Infosys Applied AI. The company has collaborated with NVIDIA to build powerful generative AI platforms and boost business productivity. The company’s clients include Fortune 500 firms and large enterprises that require extensive scaling and future-proofed AI solutions to streamline their processes. The Applied AI cloud is used to quickly deploy and contextualize various solutions for clients.
Infosys has won numerous awards for its innovative and trustworthy services. With a presence in manufacturing, IT, healthcare, and many other industries, the company has worked with clients from over fifty-six countries around the world. From enterprise agile DevOps to data analytics, blockchain, application modernization, quality engineering, generative AI, and more, the company provides diverse services for organizations to effectively manage every aspect of their business.
Glassdoor Rating: 3.7 Stars
Cognizant is an IT consulting company with a strong client base in several countries. It provides custom services for data and AI, cybersecurity, automation, cloud, business processing, quality assurance, software engineering, and more. The company’s AI consulting services promote business growth and better decision-making through data-driven models. It helps businesses anticipate change and take advantage of market opportunities before competitors. Generative AI, data strategy and management, business intelligence and visualization, and data modernization are some services offered by the company.
Cognizant has experience in several industries, such as automotive, banking, consumer goods, education, travel, hospitality, oil & gas, retail, manufacturing, life sciences, healthcare, and many more. It follows a modern approach to AI governance to ensure businesses effectively build and deploy powerful AI systems that can be trusted to do the job without worrying about risks. The company also has an R&D department that constantly works on improving AI-based decision-making methods to integrate them with business systems.
Glassdoor Rating: 3.7 Stars
Deloitte is a vast global company that has worked with various industry leaders over the decades. Though the company provides services for startups and SMBs as well, it is better known for its work with Fortune 500 and large enterprises. From healthcare to consumer goods, energy, financial services, telecommunication, media, and public services, the company knows how to help clients from each industry. Its AI and data services include automation and analytics to support businesses in implementing the right growth strategy and achieving their goals.
Apart from AI consulting services, Deloitte provides tailored services for audit and assurance, financial and risk advisory, legal, tax, human capital, core business operations, etc. It modernizes data and analytics models using next-gen cloud platforms to empower organizations in making data-driven decisions. Age of With™ is a trademarked Deloitte service that focuses on integrating artificial intelligence with various business processes to create a digital-first establishment.
Glassdoor Rating: 4.0 Stars
InData Labs offers AI consulting and custom AI solution development services for businesses to align their objectives with the right technology. Validating project ideas, streamlining operations, and minimizing risks are the three major focus areas in AI consulting services. The company develops new AI products and integrates existing products to increase business efficiency and productivity. It also provides maintenance and support services in the long term. The company has clients from FinTech, automotive, eCommerce, gaming, logistics, sports, retail, pharma, MarTech, and other industries.
InData Labs also offers software development services, big data and cloud services, generative AI services, data analytics and data science services, and more to Fortune 500 firms, SMBs, and large enterprises. The company has flexible cooperation models to collaborate with clients based on their requirements and challenges. It adopts an innovative approach to support businesses in choosing and using the latest technology as a part of their day-to-day operations.
Glassdoor Rating: 4.3 Stars
AI consulting services prevent enterprises from making major mistakes when adopting the latest technology in their business. The right service provider or consulting partner will assist you in identifying the challenge areas and developing to a comprehensive strategy to overcome the concerns.
Choose an AI consulting company that provides end-to-end services for all artificial intelligence and digital transformation-related services. This will help you build a long-term partnership and achieve your goals.
AI consulting and product development services are essential for a business to tackle the changing market conditions and make proactive data-driven decisions while minimizing risk. Increase ROI, improve business efficiency, and enhance customer experience by becoming a digital-first business.
Check out the links below to learn more!
Generally speaking, the top five AI companies are the big tech firms or tech giants with a massive reach in the international market.
According to US News Money, Microsoft is in the first position (as of 4th Oct 2024) and a prime choice, especially for those wanting to invest in the stock market.
Almost all the top companies in the market work with artificial intelligence and many of them actively build their own models from scratch. For example, Google, Amazon, Microsoft, Apple, IBM, OpenAI, DeepMind, etc., heavily invest in AI.
Not possible. While AI is becoming integral to many businesses, it cannot replace the management, employees, and other stakeholders. Even AI consulting firms cannot by run only by artificial intelligence. Consultants will use AI more to streamline and automate their tasks but human intelligence and expertise cannot be replaced.
Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
They have the experience and agility to understand what’s possible and deliver to our expectations.
