- IT consulting firms provide information to their clients that has little to do with what is true, and is based around their financial biases and lines of business.
#3: A Steady Stream of Continually False Information Emanating From Consulting Firms
The amount of false information originating from consulting firms is astounding, and it is straightforward to find. And yet, for some curious reason, their inaccuracy is little discussed, at least in a published form.
Consulting firms essentially recommend whatever is hot at the time (AI, Six Sigma, automation, ERP) without evidence and with a complete lack of concern for accuracy. This lack of respect for anything they say is true is not only based on reviewing countless presentations and documents from consulting firms but also in our experience subcontracting to consulting firms and seeing the complete disregard for what is true. Consulting firms publish false information not only in presentations but on their websites. Furthermore, a consulting firm has no level of prestige that will provide accurate or honest information.
Price Waterhouse Coopers has gotten into the fake research act and has created academic titles for people that are nothing more than marketing individuals, as is covered in the article Why PwC’s Research Fellows are Fake and Pretend to be Academic.
McKinsey produces false forecasts which simply match whatever their clients want to hear. After the forecast proves incorrect, McKinsey never seems to face the consequences, as is covered in the article How McKinsey Lies to Clients By Producing Deliberately Inaccurate and Corrupt Forecasts.
KPMG created a fake report for the government of South Africa, which was ostensibly designed to point to corrupt entities, but which, in reality, made false claims against political enemies that were restricting and opposed to KPMG’s corruption. KPMG later retracted the report, as is covered in the article How Deloitte, McKinsey, the Guptas, KPMG and SAP Ripped Off Eskom.
If your company has hired a consulting firm, far more likely than not, your company is getting financially biased and inaccurate information. We have never seen one whose output could be trusted in all of our experiences with consulting companies, which spans several decades. This is true also of small, medium, and large consulting firms.
The Inverse Relationship Between Entity Size and Information Quality
The entities that provide the more corrupt information, the major brands, are paradoxically given the highest credibility. This is because the brand or size of the entity is the focus of credibility rather than the quality of the output or the financial conflicts. Gartner, KPMG, Accenture, McKinsey, etc., have enormous financial conflicts and a business model that requires providing false information — yet this topic is too complicated for most of the buyers of these services to wrap their heads around.
A Pandemic of Rigged and Financially Biased Research
If you visit the websites of other entities or even university websites, you won’t see anything that has been covered so far listed on their websites. The presented idea is that their research is valid, “don’t worry about the details.”
Just look at the output.
Turn off your brain.
However, everywhere one looks, there is a problem with rigged research manipulated to meet the financial objectives of the entity producing the research.
The Necessity of Validating Advisory Information and Research
We hope the case has been made that there are many problems with advisory information and research. The major problem is that the entities providing this information do their utmost to hide their financial conflicts, exaggerations, and distortions.
We constantly review advisory documents and research, which gives us an advantage over those who only occasionally review this material.
As you can see, if you have made it this far, it is challenging to obtain accurate information from the entities listed above.
- Virtually all of the research, consulting, and advice that can be purchased is aligned with established interests.
- If you have purchased research or consulting information, we can be hired to evaluate and provide our analysis. We can provide a number of different types of analyses of the material that will enhance your decision-making abilities and help moderate the influence of the types of poor quality information that we have profiled in this article.
- We can also be hired to investigate topics and perform original research on technology topics.
You can contact us at email@example.com