Adapt your processes, get your employees on board: McKinsey’s Prof. Dr. Niko Mohr (r.) talked about the fundamental transition that digitization entails.

Nowadays, approximately one out of four business graduates start their career in consultancy firms. Especially the digitization increases the fascination for the consulting sector even more, whereas it also rises new challenges at the same time. In cooperation with the Cologne Chamber of Commerce and Industry, ISM Cologne hosted the Digital Consulting Summit with experts from renowned consulting firms sharing their experiences as well as presenting ideas on the effective use of digital possibilities.

“Consulting Business is People Business and that is not going to change through digitization,” stated keynote speaker Thomas Oschlisniok of KPMG. “New tools and processes may enhance our tasks in terms of efficiency, but nevertheless the importance of human interaction between us and our clients as well as between colleagues actually increases significantly.” It is only via communication, transparency and empathy that digital technologies can be successfully implemented throughout companies.

Prof. Dr. Niko Mohr, partner at McKinsey, revisited these implementations in the second keynote of the evening. Hereby he especially focused on how digital transition not only requires technological innovation, but also change in a company’s organization and business model. Companies essentially need to adapt their processes to the ever-increasing speed of innovation and at the same time consider the placement of their business idea in its ecosystem.

In the conclusive panel discussion with speakers from Expense Reduction Analysts, scopevisio and Kottmann as well as experts from Accenture and KPMG, the summit participants discussed the increasingly demanding requirements in the consulting sector together with the expected qualifications of aspiring consultants. “It is not necessary to be a developer to take part in digitization. In the end it is all about generating unique solutions,” Markus Spiller (Accenture) concluded and encouraged the students: “Go out and experiment!”