Their business model is based on the fact that most non-tech companies have a deeply seated prejudice against paying software and system engineers high salaries and that most of their software engineering senior leadership is hopelessly out of date in technology, but are well-connected with the rest of the leadership team, and can't be replaced directly by more competent, younger people.

So they spend vastly more money to outsource things to Accenture than they would do paying good salaries to engineers. But then, the idiots at Wall Street are allergic to any dollar spent on salaries, while always thinking dollar wasted on companies like accenture is "investment" and thus "a good thing".

/not admitting I work there but… you know

> executives expect 4.2% of their revenues coming from metaverse in the next 3 years—a value of $1 trillion

I wonder if that KPI is still on target.

At least with AI there’s some actual value there, the consulting firms have to jump on every trend because they market themselves as “thought leaders”. I expect a lot of AI shake out this year, people will find where it works and where it doesn’t as well as begins to realize AGI isn’t right around the corner. I’ve gone from pretty skeptical to cautiously optimistic about LLMs with respect to code. I was working on something a couple weeks ago and ran out of free tier claude. I was willing to pay the $20 out of my own pocket to keep using it for work tasks. That forced me to rethink my stance.

:)