GoKawiilKPMG consulting chief says AI has erased traditional advisory fee model
KPMG's global head of consulting, Svilena Tzekova, told CNBC that AI now lets clients access advice that once took consultants days or months to produce, making much of the firm's traditional fee-for-advice business obsolete. She said the industry has not yet settled on new pricing models, as clients want to pay for outcomes while procurement teams still judge bids by headcount and hourly rates, even as AI computing and usage costs add new expenses.