An inside look at how 2 startups are disrupting the way professional services firms like Deloitte and McKinsey do business

• Management consulting firms like the Big 3 and accounting firms like the Big 4 continue to dominate the multi-trillion-dollar professional services industry.
• But technology poses a threat to these behemoths, and there’s an opportunity for innovative startups to disrupt the industry.
• Business Insider spoke with the founders of two startups — Wonder and Vic.ai — and their investors about how their companies are shaking up the traditional consulting and accounting industries.

Management consulting firms and accounting firms have for decades cemented themselves as important players in the business world due to their expertise, prestige, and size.

But technology is threatening to disrupt the professional services industry’s status quo, according to an October report from CB Insights, as innovations in information, expertise, insight, and execution threaten firms’ traditional way of doing business — and the high price tags their work commands.

Two startups, Wonder and Vic.ai, are using technology to bring experts directly to clients and to automate accounting tasks, departures from how professional services firms normally service clients.