McKinsey says it needs to reinvent itself and that AI is the answer: 'It's going to be most of what we do in the future'

• Generative AI is a major focus at top consulting firms like McKinsey & Company.
• McKinsey's AI arm QuantumBlack employs 2,000 data scientists and has five global R&D centers.
• McKinsey's revenue hit $16 billion in 2023, driven by generative AI and strategic partnerships.

Generative AI has become the leading conversation topic at the world's premiere consulting firms.

"It's become a huge part of what the firm does, and I actually think it's going to be most of what we do in the future," Ben Ellencweig, a senior partner at McKinsey & Company, told Business Insider. "How do we actually inject gen AI and AI thinking into ways of doing business?"