BCG Named a Worldwide Leader in Artificial Intelligence Services by IDC MarketScape
BOSTON—Boston Consulting Group (BCG), one of the world’s leading management consulting firms, was named a Leader in the IDC MarketScape: Worldwide Artificial Intelligence Services 2023 Vendor Assessment (Doc # US49647023, May 2023). “BCG combines functional and industry expertise, technology expertise, Responsible AI framework, and its technology build and design unit, BCG X, to deliver AI services to clients as part of holistic business transformation consulting engagements,” the report said.
Based on IDC analysis and customer feedback, IDC evaluated the AI services of 25 vendors. Participating vendors were placed in the Leaders Category, the Major Players Category, or the Contenders Category. Due to its performance, BCG was placed in the Leaders Category.1
The report underscored BCG’s efforts to help clients “build ‘companies of the future’ or companies that fuse AI and other cutting-edge technologies with human skills to drive innovation, adaptability, and performance.”
The IDC MarketScape’s assessment also highlighted the firm’s BCG X offering which partners with BCG to help clients build, operate, and scale AI and advanced analytics solutions, and achieve return on investment from AI. “The firm also draws upon its growing portfolio of AI assets, including industry- and function-specific workflows and software products such as CO2 AI, PLAN, and Fabriq, tailored to client needs, to accelerate AI solution deployments,” the IDC MarketScape report added.
“We are honored to be recognized by the IDC MarketScape as a Leader in artificial intelligence services,” said Sylvain Duranton, global leader of BCG X. “Our BCG X team is proud to be a pioneer in building responsible and leading-edge AI and digital systems that transform our clients’ core businesses.”
According to the report, BCG’s strengths include:
- The ability to provide both functional and industry expertise, provide AI insights and competency, and deliver AI center of excellence services
- A broad scope of technology alliances and strategies around offerings, next-generation tools and methodologies, client adoption, sales and distribution, growth, and innovation and R&D
- Achieving business outcomes for clients with AI services
To be included in this IDC MarketScape assessment, vendors were required to show offerings across the life cycle of AI business and IT services; over $100 million in AI services revenue over the last calendar year, generated in each major geographic region; go-to-market alliances with a range of AI software providers; and AI service offerings and solutions addressing a range of industry verticals and business functions.
Access the IDC MarketScape report excerpt here.
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[1] IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.