A survey among buyers of consultancy services has identified the top management consulting and M&A advisory firms for the education sector. The list recognises large consultancies such as EY-Parthenon (the strategy consulting subsidiary of EY) KPMG, PwC, and boutiques with a focus on the education sector such as Cairneagle Associates and William Clarence Education.

Every year industry platform EducationInvestor organises the EducationInvestor Awards, a competition that is awarded to organisations and individuals that have made an outstanding contribution to the education sector in the past twelve months. Awards are also provided to firms and people that have done an outstanding job in promoting excellence and innovation within the industry.

Three categories look specifically at the performance of consulting firms in the sector. In the advisory and finance segment of procedings, nominations have been handed out for the services of consultants to education institutions, and to private sector entities looking to invest in education. Meanwhile, nods were also handed out to five firms for the financial advisory category.

A new report has revealed that rather than being a method of avoiding losses, predictive maintenance of equipment could create major value for businesses. As a result, more than eight in every 10 companies are exploring the topic, with the market for predictive maintenance expected to grow by as much as 40% in years to come.

Big data has been making headlines in a number of industries, promising to revolutionise the way in which businesses are able to make decisions, thereby leading to greater operational efficiency, cost reduction and reduced risk. In multiple sectors, it is also being used to predictively improve business performance, such as the aviation industry, where big data, and associated analytics are leveraged for the maintenance of aircraft, not merely to improve long term outcomes through predictive maintenance system.

Combined, the globe’s top ten strategy consulting firms hold an estimated 20% to 25% share of the globe’s $110+ billion strategy & operations consulting market, but with digital disruption at play, they are having to quickly adapt to a new marketing environment to maintain usual rates of business. In today’s digital and mobile world, social media is a key channel for sharing updates, achievement and recruitment needs – and as a result, combined, the elite group of strategy consultancy firms have more than 6 million followers.

Last month BCG celebrated a milestone that not so long ago was thought of as meaningless. The MBB strategy giant surpassed the 1 million followers mark on LinkedIn. Founded on December 28, 2002, and launched on May 5, 2003, both recruiters and employers around the world now use LinkedIn to source candidates for jobs, and it can be a helpful tool for job hunting, career networking, and professional development.

In 2017, nearly half (48%) of all acquirers of marketing services businesses came from a non-traditional marketing communications background, with consulting firms playing a highly active role. Accenture and Deloitte rank high in the list of the top ten acquirers – the two consultancies, along with McKinsey & Company, have now spent $1.2 billion on marketing services assets, sending an aggressive signal to market incumbents.

Global consulting and technology firm Accenture marked its first serious foray into marketing services when it acquired London creative agency Karmarama in 2016, and now has 18,000 digital and creative professionals worldwide. Deloitte Digital made nine marketing services acquisitions in 2017, including that of Market Gravity in the UK, Acne Agency in Sweden, and now features as a key challenger on Gartner’s Magic Quadrant for digital marketing.