Can artificial intelligence do the work of high-powered consultants? A Munich-based startup founded by a math major is doing just that. His fast-growing software startup offers companies like 3M, Cisco, and General Electric better results at a fraction of the cost -- and he's grabbing market share in a $15 billion market from consulting powerhouses like IBM and Accenture. Should investors in those incumbents be worried? Before getting into why, let's take a trip down my memory lane.

Can artificial intelligence do the work of high-powered consultants? A Munich-based startup founded by a math major is doing just that. His fast-growing software startup offers companies like 3M, Cisco, and General Electric better results at a fraction of the cost -- and he's grabbing market share in a $15 billion market from consulting powerhouses like IBM and Accenture. Should investors in those incumbents be worried? Before getting into why, let's take a trip down my memory lane.