• Artificial Intelligence

    10 High-Impact, Practical Ways Consultants Can Use AI to Improve Efficiency by 50% or More

    May 21, 2025

    This article reviews 10 ways you can use AI in your consulting firm to improve efficiency. I have a lot of people tell me that AI is pretty cool but ask, how can I use it to boost the efficiency of my consulting practice? It is easy to get caught up in the hype of new technology, but there really are some immediate benefits that you can implement quickly to have more time with family and friends and less time at the office. Here is my list: AI-Powered Proposal and Report Generation Use Case: Automate the creation of consulting proposals,…

  • Artificial Intelligence

    Exposing Weaknesses in AI

    May 7, 2025

    Today, I am taking a risk. A risk of exposing weaknesses in AI and applying it to the business valuation profession. So, follow along with my experiment and let’s see what happens. First of all, you should know that I have the paid version of ChatGPT ($20/month) and I used the 4o model for my test. Since I am a tech wizard and not a CVA, I started simple. Prompt #1: What kind of data do you need to calculate DCF? Here was the response from ChatGPT. Prompt #2: Yes, could you give me a downloadable DCF template and then…

  • Artificial Intelligence

    Prompt Engineering: For Business and Financial Consultants (Explained Simply)

    April 23, 2025

    Prompt engineering is just a fancy term for “asking better questions” when using AI tools like ChatGPT. Think of it like giving clear instructions to a smart assistant. The better your instructions, the better and more useful the answer. Why It Matters for Consultants If you are a business or financial consultant, you use your brainpower to solve problems, explain ideas, create reports, and make decisions. AI can speed that all up. But to get great help, you need to know how to ask. The Basics (anyone can do this) Here is the secret: Do not just ask one-line questions.…

  • Artificial Intelligence

    AI Keeps Leaping! Gemini 2.5 Pro EXP Shines and Your Shortcut to Staying Current

    April 9, 2025

    Just like I predicted in my last post, the AI chatbot race is heating up, with models leapfrogging each other constantly! This time, Google’s new Gemini 2.5 Pro Experimental made a splash, and based on my own quick test, it is impressively capable. [Check it out here: https://deepmind.google/technologies/gemini/pro/] Putting Gemini 2.5 Pro to the Test I gave it a real-world challenge: write Python code to pull data from a CSV file into an MSSQL database. Honestly, it blew me away. In roughly five minutes, it churned out 379 lines of code that worked; needing just one tiny fix that it…

  • Artificial Intelligence

    AI: The Invisible Power Behind the Screen

    March 26, 2025

    Just like flipping a switch to turn on a light, most of us do not think about what had to happen to make that light turn on. Artificial Intelligence (AI) has already become as effortless as a light switch. You type a prompt into ChatGPT or Copilot, and it returns an answer, yet you likely have no idea how it works or what went into making it function. Unlike understanding electricity or the internet, grasping AI requires a foundational knowledge of its mechanics. While the full explanation is more complex than I can cover here, let’s break down some basics.…

  • Artificial Intelligence

    Future Forward: AI Insights Not to Be Ignored

    March 5, 2025

    In 1997, I was invited to be a guest speaker at a local heavy equipment dealers association dinner at Tuscany in Salt Lake City. The dinner was amazing, but then it was my turn to speak about the changing landscape of this new thing called the “Internet.” I explained that e-commerce would disrupt everything. I told them the day would come when anyone would be able to buy heavy equipment online. I was basically laughed off the stage as they explained why this would never happen with heavy equipment. Well, here is the mini excavator I just ordered completely online.…