An expert consulting network platform is a marketplace that offers an opportunity to companies in hiring vetted subject-matter experts for one-on-one consultations on a wide variety of topics/fields. The calls tend to be ad-hoc in nature. Individuals and businesses both seek the advice of expert networks when they need very specific answers to very complicated questions.
Highlighting Features Of Expert Networks
Expert consulting network helps connect companies with subject matter experts engaged specifically for one-on-one consultations, usually over the telephone.
Expert networks are more common today. Since organizations need specialized knowledge that’s not available with their internal team, and many times very elusive to find, for them.
Investors who want third-party insight into specific industries, stocks, or markets that they want to invest in prefer expert networks.
As more business owners and organisations adopt the expert network mindset, a new opportunity in the form of an experts-on-demand model emerges. In simple terms, it is like a match-maker service that connects your requirements with the exact professionals who can support and counsel. It provides a medium for business leaders and executives to connect with recognized and experienced experts in an extensive range of areas. These experts can work on short projects, or for individual consultations.
Benefits Accrued With The Model
This model, akin to other gig economy set-ups, reaps significant rewards in terms of cost efficiencies. You in the end pay for only the information that’s desired. This means, there is no lost time training or researching a subject that you know very little about. You can connect with the source directly, to obtain the answers to your critical questions immediately. And with today’s expert cloud networks, you can pick the exact person you need, with verification and credentials that can be clearly seen.
One can experience a major evolution in how business is conducted nowadays. As recently outlined in Forbes, freelance expertise is available today by the minute, and at exactly the perfect time, given the economic strain on most organizations these days. Technology is accelerating our access to legitimate, trusted expertise.
Expert network platforms pave the way for independent experts to work from anywhere, with clients anywhere across the globe, with comparative ease. It enables the resource-drained start-ups and SMEs to obtain the expertise they need, without the likely heavy price tag of a consultant. This creates a win-win situation for both parties. In this way, supporting the knowledge-sharing economy. And, most importantly, giving businesses a way forward in recovery with an expert helping to navigate.
Corporate Expert Networks Are Growing
The largest, and fastest-growing, of all expert networks, is consulting. Big information services companies are recalling former consultants to offer their expertise to businesses. These expert consulting network providers act as curators and facilitators between experts and organizations that need them. This model, however, comes with some limitations since the relationship seldom continues with the experts.
Simultaneously, an increasing number of start-ups and SMEs recognise the competitive advantage that expertise provides. As a result, they are starting to use expert networks. It’s worth noting for consulting leaders, because if large consultancies don’t understand this and upgrade, they’ll miss out on a lucrative, growing market.
The Bottom Line
The decision-makers sitting at the top badly need expert advice right now, at a time when every business decision must be well informed. The competition is fierce, and the market is volatile to be making lopsided decisions. On the other hand, business leaders need specialist insights to help make complex decisions.