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Mike & Amit Talk Tech

How will Generative AI impact jobs and productivity?

15 November 2023 • by Amit M. Joshi, Michael R. Wade in Mike & Amit Talk Tech

Mike and Amit talk about the impact generative AI will have on the global economy and how long it will take for change to come....

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It’s hard to argue that generative AI won’t improve productivity in the long run.

You only need to ask Chat GPT a few questions to understand how fast it can pull together disparate facts, help you structure a workday, or simply find you a recipe. Early studies are backing that up too. A recent review by Harvard University and Boston Consulting Group showed that consultants using large language models were around 25% quicker at completing tasks.

But what might that mean for the global workforce? Some have already welcomed AI into the office, giving machines administrative tasks and finding more time for creative and rewarding work. But many others worry that advanced AI will replace them.

In this week’s episode, Mike and Amit discuss how much of an impact generative AI will have on the global economy and how long it will take for change to come.

Find out more about IMD at imd.org

Authors

Amit Joshiv - IMD Professor

Amit M. Joshi

Professor of AI, Analytics and Marketing Strategy at IMD

Amit Joshi is Professor of AI, Analytics, and Marketing Strategy at IMD and Program Director of the AI Strategy and Implementation program, Generative AI for Business Sprint, and the Business Analytics for Leaders course.  He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

Michael Wade - IMD Professor

Michael R. Wade

TONOMUS Professor of Strategy and Digital

Michael R Wade is TONOMUS Professor of Strategy and Digital at IMD and Director of the TONOMUS Global Center for Digital and AI Transformation. He directs a number of open programs such as Leading Digital and AI Transformation, Digital Transformation for Boards, Leading Digital Execution, Digital Transformation Sprint, Digital Transformation in Practice, Business Creativity and Innovation Sprint. He has written 10 books, hundreds of articles, and hosted popular management podcasts including Mike & Amit Talk Tech. In 2021, he was inducted into the Swiss Digital Shapers Hall of Fame.

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