The radical change you didn't see coming
In an increasingly competitive business world, the search for efficiency and productivity is constant. But what if I told you that there is a technological tool that could change the rules of the game in your organization? We are talking about Chat GPT, a pre-trained generative language model that is proving to have a significant impact on work productivity. A recent study of Harvard Business School, in collaboration with Boston Consulting Group, sheds light on this phenomenon.
Employees who use ChatGPT work harder and better
Employees who use ChatGPT significantly outperform those who don't, showing a 25.1% increase in speed and a 40% improvement in quality of work. In addition, employees completed 12.2% more tasks. According to a recent Harvard Business School study, AI was shown to have a leveling effect on skills, boosting the performance of lower-performing consultants by 43%, reducing the performance gap between high- and low-performing consultants.
The study also identified two effective approaches to navigating AI's 'Steep Frontier': centaur behavior, which involves a clear division of labor between AI and humans, and cyborg behavior, where humans and AI work closely together. However, the study warns of the risks of relying too much on AI, such as decreased vigilance and poorer decision-making.
The studio that changes everything
Context
The study titled "Navigating the Jagged Technological Frontier: Field Experimental Evidence of the Effects of AI on Knowledge Worker Productivity and Quality" focuses on how artificial intelligence, specifically Chat GPT, can affect productivity and quality of work.
Methodology
The study sample included 758 consultants and was divided into several groups to compare different conditions:
- No access to AI
- Access to GPT-4
- Accessing GPT-4 with an Indication Engineering Overview
18 realistic consulting tasks were assigned to the participants.
Key results
The results were surprising:
- Productivity : A 12.2% increase in completing tasks.
- Velocity : A 25.1% increase in task execution speed.
- Quality : A 40% improvement in the quality of work, compared to the control group.
Fountain: Harvard Business School Study
What does this mean for businesses?
Increased efficiency
Speed is a critical factor in operational efficiency. A 25% increase in work speed means that projects are completed more quickly, which in turn frees up resources and time for other critical tasks.
Quality improvement
A 40% increase in the quality of work is a game-changer. This could translate into fewer errors, higher customer satisfaction, and ultimately, better financial performance.
Complete tasks
An additional 12% of completed tasks may not seem like much at first, but in the grand scheme of a company's operations, this can be significant. This could free up human resources to focus on more strategic or creative tasks.
8 Responses to "The Quiet Revolution in Productivity: How Chat GPT Increases Work Speed by 25%, Quality by 40%"
Go! It seems that Chat GPT is revolutionizing productivity. Has anyone else tried it? 🚀🔥
Hi Iana, thank you for your comment. At Proportione, we are already deploying ChatGPT at the corporate level in collaboration with a large company like Azure, using with ChatGPT. The first results are very promising. It is true that the version of ChatGPT we are using is a little older than the most current one, but even so, the benefits are remarkable. You can read more about our experience with Azure and Chat GPT at This blog article . 🚀🔥
Incredible! Could this mean less time at work and more time for me? 🤔🎉
Of course, Milos. Implementing ChatGPT in work environments has the potential to free up time and increase productivity. Not only could this mean less time at work, but also more efficient and productive time when you're working. 🎉👍
What a silent revolution! Increasing productivity and quality of work by 25% and 40% sounds quite promising. But what about the lack of human interaction in the process? Won't we miss office conversations and shared coffee? 🤔
😄 You're absolutely right, Laia! While technology can improve our productivity and quality of work, it can never replace the human interaction we value so much. Office conversations and shared coffee are irreplaceable elements that enrich our work environment and, in fact, improve the quality of the work we deliver. That's something machines will never be able to replicate! 🤗☕
Wow, this is a revolution in productivity! Will humans be able to compete with Chat GPT? 🤔
Of course, Max. It is an interesting and valid question. However, rather than seeing it as a competition between humans and Chat GPT, we prefer to consider it as a collaboration. Chat GPT acts as an assistant that empowers human skills, allowing us to focus on more strategic and creative tasks. In this sense, technology becomes a tool that amplifies our capabilities, rather than a rival to beat.