AI May Make Work Less Boring
By: James Flippin · March 20, 2023 · Reading Time: 3 minutes
Office Software Evolves
More than three decades after it first launched its Office suite, Microsoft (MSFT) is once again endeavoring to change the way people work.
This time, it’s turning to generative AI. Through its partnership with ChatGPT developer OpenAI, Microsoft envisions an evolution in the way consumers use tools like Excel, Word, and PowerPoint – all of which were once transformative to the workplace in their own right.
This Is Your Copilot Speaking
Microsoft is already piloting its AI-powered software, Microsoft 365 Copilot for Work. Its test flight is limited to 20 companies, eight of which are in the Fortune 500.
The software’s selling point is the promise of productivity gains by offloading time-consuming tasks. Generative AI is capable of delivering content in a variety of ways, including audio, visual, and text formats. Copilot adapts these capabilities to the workplace. It can reportedly be used to write emails, create budgets, and take meeting notes.
Microsoft also believes AI-driven algorithms will help users get more out of their software. Currently, the company estimates the typical user takes advantage of only 10% of PowerPoint’s capabilities.
No More Boreout
Type the phrase “my job is” in Google (GOOGL) and you’ll see just how common boredom, burnout, and their dangerous hybrid “boreout” are in many US workplaces. Top search results include “my job is too stressful,” “my job is making me sick,” and “my job is killing me.” By jettisoning tedious tasks, Copilot could also relieve this larger issue.
The AI-powered overhaul won’t just be limited to Microsoft-powered offices. Other companies are hot on its heels. Google has announced similar developments to its Workspace platform, and Salesforce (CRM) intends to partner with OpenAI to integrate ChatGPT into Slack.
By freeing up workers’ time and energy to engage in more creative and analytical pursuits, companies could extract more value from their employees, while the workers themselves experience more job satisfaction. In other words, if these companies do manage to make workers less bored, it could be beneficial across the board.
Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.