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Business Spend Pulse: UK firms slash consulting spend amid rising AI adoption
Summary by City AM
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Business Spend Pulse: UK firms slash consulting spend amid rising AI adoption
British businesses are paring back their spending on consulting firms as they turn to AI for problem-solving, according to City AM’s new Business Spend Pulse. Median spending on consulting fees fell by 1.9 per cent in August compared to last year, the tracker found, despite an overall 2.2 per cent increase in corporate spending. That compares to a near-doubling in the number of businesses adopting AI, with one in seven firms now spending money o…
·London, United Kingdom
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