Guide & Exercise

Exercise 3: Research Any Topic in 10 Minutes

A game-changer for consultants — research consulting topics, market trends, regulations and technical questions in ten minutes flat.

Resources / Exercise 3

At a glance. Three AI tools — ChatGPT, Google Gemini, Perplexity — turn ten minutes of research into a structured briefing. This guide gives you a comparison table, the 5 W's prompt framework, and a clear caution about verifying citations. Aimed at retired professionals starting consulting work.

1. Why Research Is the Highest-Value Use of AI

Before a client meeting, a consultant needs three things: facts, context, and the right questions to ask. Traditional research takes two days. AI compresses that to ten minutes — leaving you free to focus on judgement and relationships, the things only a 30-year career can teach you.

2. Three Tools, Three Different Strengths

ToolBest ForCostCitations?
ChatGPT (OpenAI)Structured analysis, frameworks, drafting briefsFree / Plus Rs 1999/moOnly with web-search on
Google GeminiCurrent news, Indian context, integration with Google SearchFree / Advanced Rs 1950/moYes, with source links
PerplexityResearch with footnoted citations, academic-style answersFree / Pro $20/moAlways — every claim cited

Rule of thumb: Start research with Perplexity (for citations). Use Gemini for India-specific or very recent news. Use ChatGPT to turn the findings into a structured brief or memo.

3. The 5 W's Research Framework — Copy This Prompt

Paste this into any AI tool, replacing the bracket with your topic:

I am preparing for a consulting engagement on [TOPIC]. Give me a research brief covering the 5 W's: 1. WHAT it is — definition, scope, sub-categories 2. WHO are the key players — companies, regulators, associations in India 3. WHEN — recent developments in the last 24 months, upcoming changes 4. WHERE — Indian market size, leading states/cities, global benchmarks 5. WHY it matters — opportunity, risk, top three trends Add a final section titled "Five smart questions I should ask the client". Keep the whole brief under 1,000 words. Cite sources where possible.

4. Worked Example — Researching "EV Battery Recycling in India"

A retired chemical engineer wants to consult on EV battery recycling. Ten minutes with Perplexity using the prompt above produces: definition, the four leading recyclers (Attero, Tata Chemicals, Lohum, BatX), the 2022 Battery Waste Management Rules, projected 100 GWh recycling need by 2030, and five client-ready questions. Total cost: zero. Total time: under 10 minutes.

5. Deeper-Dive Follow-Up Prompts

6. The Big Caution — Verify Every Citation

AI models occasionally fabricate sources that look real. They will give you "Indian Journal of XYZ, 2023, Vol 12" — and the journal may not exist. Before quoting any source to a client or in a written report:

7. Building a Research Habit

The senior consultants who get the most from AI build a simple daily habit: ten minutes every morning researching one topic they expect a client to ask about. Over a month that's thirty topics — a serious knowledge edge. Save your best prompts in a Google Doc; over time you will build a personal prompt library worth more than any course.

8. When Not to Trust AI Research

Avoid AI research for: live stock prices, today's news (use Google News instead), legal advice without a lawyer's review, medical diagnoses, and any number that must be precisely correct (use audited reports). Use AI to orient yourself, then validate with authoritative sources before action.

Try this now. Pick one topic you might consult on. Open Perplexity (perplexity.ai — no sign-up needed for basic use). Paste the 5 W's prompt. Read the answer. Click through two cited links to verify. Total time: 10 minutes. Save the output to a Google Doc — that is the start of your knowledge library.

Key Takeaways

Related Resources

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