IT consulting firms

Extracted Attributes

• Criticism

  Practice of labor arbitrage, potential negative impact on American workers

• Deliverables

  Recommendations for achieving company objectives, often complemented by implementation support

• Primary Role

  Advise businesses on how to best utilize technology to drive efficiency, security, and growth

• Industry Scope

  Part of professional services, can consult in broad domains like management and engineering

• Typical Clients

  Company executives

• Nature of Business

  Professional service firm providing expertise and specialized labor for a fee

• Categories of Firms

  Global IT consulting specialists, large generalist firms with IT consulting divisions, niche firms

• Key Services Offered

  IT strategy and planning, IT assessments, security risk assessments, governance/risk/compliance, cloud and data migration planning, business continuity and disaster recovery planning, IT budgeting, system implementation, software development, IT infrastructure modernization

• Average Annual Growth Rate

  Around 4%

• IT Consulting Market Share

  Over $110 billion of the global consulting market

• Example Firm (Cognizant) - Type

  American multinational IT consulting and outsourcing firm

• Example Firm (KPMG) - Employees

  273,424

• Example Firm (Wipro) - Employees

  256,921

• Example Firm (Infosys) - Employees

  343,234

• Example Firm (KPMG) - Headquarters

  Amstelveen, Netherlands

• Example Firm (Wipro) - Headquarters

  Bengaluru, India

• Example Firm (Cognizant) - Employees

  Approximately 336,300 worldwide

• Example Firm (Infosys) - Headquarters

  Bengaluru, India

• Example Firm (Cognizant) - Headquarters

  Teaneck, New Jersey, USA

• Example Firm (Ernst & Young) - Employees

  365,399

• Annual Revenue (Global Consulting Market)

  Several hundred billion dollars

• Example Firm (Ernst & Young) - Headquarters

  London, England

• Example Firm (HCL Technologies) - Employees

  225,944

• Revenue Growth (10 largest firms, 2010-2015)

  $170 billion

• Example Firm (HCL Technologies) - Headquarters

  Noida, India

• Example Firm (Tata Consultancy Services) - Employees

  614,795

• Example Firm (Tata Consultancy Services) - Headquarters

  Mumbai, India

Timeline

• Cognizant founded as an in-house technology unit of Dun & Bradstreet. (Source: web_search_results)

  1994-XX-XX

• Beginning of a period where the 10 largest consulting firms collectively made $170 billion in growth revenue. (Source: Wikipedia)

  2010-XX-XX

• End of a period where the 10 largest consulting firms collectively made $170 billion in growth revenue. (Source: Wikipedia)

  2015-XX-XX

• Ernst & Young had 365,399 employees. (Source: web_search_results)

  2022-06-XX

• Tata Consultancy Services had 614,795 employees. (Source: web_search_results)

  2023-03-XX

• Infosys had 343,234 employees. (Source: web_search_results)

  2023-03-XX

• Wipro had 256,921 employees. (Source: web_search_results)

  2023-03-XX

• HCL Technologies had 225,944 employees. (Source: web_search_results)

  2023-03-XX

• KPMG had 273,424 employees. (Source: web_search_results)

  2023-09-XX

• IT consulting firms are criticized for practicing labor arbitrage and abusing the H-1B visa program, to the detriment of American workers. (Source: related_documents)

  XXXX-XX-XX

Consulting firm

A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad range of domains, for example, management, engineering, and so on. Management consultants, in particular, typically work with company executives and provide them with generalists and industry-specific specialists, known as subject-matter experts, usually trained in management or in business schools. The deliverable of a management consultant is usually recommendations for achieving a company objective, leading to a company project. Many consulting firms complement the recommendations with implementation support, either by the consultants or by technicians and other experts. Consulting services are part of the professional services and account for several hundred billion dollars in annual revenues. Between 2010 and 2015, the 10 largest consulting firms alone made 170 billion dollars growth revenue and the average annual growth rate is around 4%. According to The Economist, the industry's most important firms are the "Great eight" consulting firms which consist of Bain, BCG, McKinsey, Deloitte, EY, KPMG, PwC and Accenture.

Web Search Results

• Top 10 IT Consulting Firms

  Industry Impact: IT consulting firms represent over $110 billion of the global consulting market and plays a vital role in helping businesses drive digital transformation, efficiency, and cybersecurity. Top Firms Ranked: The leading IT consulting firms include Accenture, Deloitte, IBM, McKinsey, and BCG, each offering deep expertise in areas like AI, cloud, enterprise software, and digital strategy. [...] At its core, IT consulting focuses on advising businesses on how to best utilize technology to drive efficiency, security, and growth. Consulting firms offer services ranging from system implementation and software development to cloud migration and IT infrastructure modernization. These firms generally fall into three categories: global IT consulting specialists, large generalist firms with IT consulting divisions, and niche firms that focus on specific technologies or industries. [...] 1. Cognizant Cognizant is a leading American multinational IT consulting and outsourcing firm headquartered in Teaneck, New Jersey. Founded in 1994 as an in-house technology unit of Dun & Bradstreet, Cognizant has evolved into a global provider of business consulting, information technology, and outsourcing services. The company employs approximately 336,300 professionals worldwide, delivering services across industries such as financial services, healthcare, manufacturing, and retail.

• List of IT consulting firms

  | Name | Headquarters | Total employees | As of | --- --- | | Tata Consultancy Services | Mumbai, India | 614,795 | March 2023 | | Infosys | Bengaluru, India | 343,234 | March 2023 | | Wipro | Bengaluru, India | 256,921 | March 2023 | | HCL Technologies | Noida, India | 225,944 | March 2023 | | birlasoft | Pune, India | 12,193 | March 2023 | | Tech Mahindra | Pune, India | 152,400 | March 2023 | | Hinduja Global Solutions | Bengaluru, India | 21,685 | December 2022 | [...] | Ernst & Young | London, England | 365,399 | June 2022 | | Globant | Luxembourg City, Luxembourg | 27,500 | September 2023 | | Grant Thornton International | London, England | 62,000 | December 2022 | | Indra "Indra (company)") | Madrid, Spain | 56,573 | March 2023 | | KPMG | Amstelveen, Netherlands | 273,424 | September 2023 | | Luxoft | Zug, Switzerland | 17,000 | March 2023 | | Orange Business Services | Paris, France | 29,100 | December 2022 | [...] | WNS Global Services | Mumbai, India | 59,755 | March 2023 | | ITC Infotech | Bengaluru, India | 12,000 | June 2021 | | NTT Data | Tokyo, Japan | 195,100 | March 2023 | | firstsource | Mumbai, India | 23,018 | March 2023 | | Fujitsu | Tokyo, Japan | 124,216 | March 2022 | | LTIMindtree | Mumbai, India | 84,546 | March 2023 | | Mphasis | Bengaluru, India | 34,042 | March 2023 | | Pactera | Dalian, China | 23,954 | | | Neusoft Group | Shenyang, China | 20,000 | December 2020 |

• IT Consulting Firms: IT Strategy Ranking - Vault

  2024 Ranking #11 View Profile #15 ## Cognizant Cognizant is a global consulting firm, providing business consulting, information technology, and outsourcing services. The firm focuses on digital business, digital operations, and digital systems & technology. Key industries include banking, financial services and insurance, healthcare, life sciences, manufacturing & logistics, retail & consumer goods, information, and media & entertainment. View Profile 4.89% of Votes 2024 Ranking #13 [...] View Profile 11.35% of Votes 2024 Ranking #6 View Profile #9 ## Capgemini Capgemini SE is a multinational consulting company that provides consulting, technology, professional, and outsourcing services. The firm helps companies transform and manage their business through technology—from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. View Profile 10.34% of Votes [...] Tata Consultancy Services (TCS) is a global provider of IT services, business solutions, and outsourcing. Through its network delivery model, TCS offers services in e-business, application development and maintenance, architecture and technology consulting, engineering, security, infrastructure development and management services. Industries include communications and information technology, engineering, materials, services, energy, consumer products and chemicals. View Profile

• IT Consulting Services & Solutions - Judge Group

  ## Frequently Asked Questions IT consulting is a service that provides expert advice and support to businesses and organizations on information technology (IT) issues and strategies. IT consultants work with clients to help them solve complex IT problems, optimize their IT systems, and develop IT strategies that align with their overall business goals. [...] An IT consultant is a professional who provides expert advice and guidance to organizations on matters related to their IT infrastructure, services and systems. They may work on projects related to network design and implementation, software development, data management, cybersecurity, and other areas.

• IT Consulting Support & Services for Businesses - Ntiva

  IT consultants provide strategic advice. Their primary goal is helping your organization use technology and IT resources to reach your strategic business goals. IT consultants solve IT problems. Common IT consulting services include: IT strategy and planning IT assessments Security risk assessments Governance, risk, and compliance Cloud and data migration planning Business continuity and disaster recovery planning IT budgeting [...] Business interruptions happen, and a continuity and disaster recovery plan is vital to keep your company up and running through whatever crisis you might face. As an information technology consulting firm, Ntiva helps you formulate a BC/DR plan that encompasses how employees communicate in a crisis, where they go to find the information they need, and how they can access the tools and processes they need to perform their jobs in any situation. [...] ## What Is the Difference Between IT Consulting and IT Services? The main difference between IT consulting and IT services is the difference between strategy and implementation. An IT consultant tells you what to do, and why, perhaps even how. But an IT services firm implements that strategy. An IT consultant hands you a plan. An IT services company carries out that plan. An IT consultant tells you to migrate to the cloud. An IT services firm carries out that migration.