Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

AI tools raise productivity and can also act as great equalizers

Mint Bangalore

|

February 05, 2025

They can close organizational or societal skill gaps. But does everyone becoming an expert mean nobody will be an expert?

- NIRANJAN RAJADHYAKSHA

A company selling its wares to a wide variety of customers decides to introduce its customer-support staff to a new support tool based on generative artificial intelligence (GenAI). The employees manning the phone lines or responding to customer complaints over computers now have a new type of assistant to help them in their jobs.

The productivity of these employees is measured by how many complaints get resolved in an hour. The GenAI tool helped increase employee productivity through three effects: a reduction in the time an employee now spends on each customer query, an increase in the number of chats an employee handles every hour, and a higher success rate of cases that are resolved to the satisfaction of callers.

Customers also tend to be more satisfied by their experience during the call or chat, which is especially important, since the ones reaching out are usually doing so because they are dissatisfied with the product they have paid money to buy. Less stress from irate customers also reduces attrition in the company's workforce.

However, the most interesting result of this study by Erik Brynjolfsson, Danielle Li and Lindsey Raymond, based on their observations of 5,179 customer-support agents at work, has to do with the skills gap in the unit they put under their research microscope. The three economists found that while the overall productivity of the team increased, most of that improvement was among team members who were either less skilled at their jobs or less experienced.

FLERE HISTORIER FRA Mint Bangalore

Mint Bangalore

Mint Bangalore

Mistry, the man who had Ratan Tata's trust

Mistry executed Ratan Tata's will and inherited his Alibaug bungalow

time to read

3 mins

October 29, 2025

Mint Bangalore

Mint Bangalore

March of foreign universities sparks a battle for top faculty

A wave of foreign universities set to wash over India has triggered a scramble for top-tier faculty, boosting salaries and exposing the scarcity of academic talent. Meanwhile, top Indian institutions are fighting to retain their own top teachers.

time to read

1 mins

October 29, 2025

Mint Bangalore

Bata India’s chase for growth continues after a rough Q2

B ata India Ltd's September quarter (Q2FY26) proved forgettable, dragging its shares down 5.5% on Tuesday as results fell short across key metrics. Growth challenges persisted through the quarter, and with no meaningful relief on costs, the footwear maker missed expectations at several levels.

time to read

1 mins

October 29, 2025

Mint Bangalore

Supreme Inds rattles investors

Sticky issue Supreme Industries' Q2FY26 margin declined year-on-year, hit by the downtrend in polymer prices.

time to read

2 mins

October 29, 2025

Mint Bangalore

Mint Bangalore

March of foreign universities sparks a battle for top academic talent

“In the first year, we'll probably hire around 60 faculty members—10 Indian faculty per university across six universities.

time to read

2 mins

October 29, 2025

Mint Bangalore

Ola's battery packs get certification

Ola Electric on Tuesday said it has secured ARAI (Automotive Research Association of India) certification for its indigenously developed and manufactured “4680 Bharat Cell’ battery packs in a 5.2kWh configuration.

time to read

1 min

October 29, 2025

Mint Bangalore

Sachidanand Upadhyay joins the global business elite

Few Indian business leaders have been featured twice in Time Magazine's notable lists. Visionary entrepreneurs who transformed India's technology and industry landscape have set benchmarks in this league. Managing director of Lord's Mark Industries Ltd. (LMIL), Sachidanand Upadhyay's consecutive entries signal the arrival of a new generation of leadership driven by technology, access, and purpose. This rare honour places him among a select group of global business visionaries, including some of India's most respected industry pioneers who have been featured twice for their contributions to industry and society.

time to read

2 mins

October 29, 2025

Mint Bangalore

Trump Media to enter prediction markets business

Trump Media & Technology Group Corp. plans to make prediction contracts available on its Truth Social network.

time to read

2 mins

October 29, 2025

Mint Bangalore

Adani Green Q2 net profit grows 28%

Adani Green Energy Ltd (AGEL) on Tuesday posted a 28% year-on-year rise in consolidated net profit to ₹644 crore in the September quarter, driven by the renewable power business.

time to read

1 min

October 29, 2025

Mint Bangalore

Upgrade R&D statistics for superior policy formulation

India aspires to become an innovation-driven economy. But when it comes to knowing how much the country actually investsin research and development (R&D), itstill relies onan outdated data system. This is a significant handicap in formulating effective science and technology policies, especially when the government hasset an ambitious target of raising national R&D spending to 2% of GDP by 2030.

time to read

3 mins

October 29, 2025

Listen

Translate

Share

-
+

Change font size