According to Statista, Microsoft accounts for 30% of the worldwide company usage of office software and that number balloons to 83% when you look at fortune 500 companies. It’s safe to say that if you are in business or looking to do business with the world’s most valuable companies, you are probably familiar with the Microsoft Office 365 suite.
What you might not know is that Microsoft has launched an AI tool called “Microsoft Copilot” to enhance what your business can achieve with your company’s software.
In this article, we’re going to do a deep dive on what Microsoft Copilot is and how your business can leverage this tool to improve productivity.
What is Microsoft Copilot?
Microsoft Copilot has now been available to updated 365 users since November 1st and is Microsoft’s AI tool. Microsoft Copilot is an AI tool that is meant to essentially be Chat GPT on steroids.
Fun Fact: According to Forbes, Microsoft will be entitled to 75 percent of OpenAI’s (the creator of ChatGPT) profits until it recoups its investment – after which it would have a 49 percent stake in the company due to the investment that Microsoft made in the makers of Chat GPT.
What this means for you is that if you have access to Microsoft Copilot, you essentially have the transformative technology of Chat GPT after it has been enhanced by the dollars, data, and infrastructure of Microsoft.
If you’re an avid Microsoft user, it’s clear that Microsoft isn’t trying to hide this transformational tool.
As of May 2024, virtually every application within the Microsoft Office Suite has clear plugins that make Microsoft Copilot visible to users. Learning how to use this LLM (Large Language Model) is a game changer that Microsoft is encouraging everyone to take full advantage of.
Microsoft Co-pilot Uses Your Data
How Copilot is different from other LLMs is that it incorporates your data into its recommendations and creations. This is both extremely helpful and potentially dangerous for the end product that is produced. With this feature, Copilot is only as good as the strength of your data. In essence, if your data is less accurate the assistance you receive will be less accurate as well.
We cannot stress how important cleaning up your internal data will be in getting the most out of this tool.
However, if your data is in good order, this also gives Copilot the ability to learn your specific style and help you build out work that has your signature. For example, if you write down meeting notes in OneNote, Copilot can formulate a proposal based on the notes that matches prior proposals that you have in your files. Functions like this can save you and your employees valuable time by automating some of the more rote tasks they face in business.
Microsoft Copilot Isn’t Perfect
Just like any assistant, Copilot isn’t an exact replica of you. Although much improved from Chat GPT, Copilot is new and will continue to improve as Microsoft develops it and businesses get better at using it.
Although it can save lots of time in simple tasks, human analysis is still going to be key to having your business perform at its best. Copilot is here to help and give your team more bandwidth to work on higher level tasks, but it is essential that you know the potential for bad data and imperfect products and take the time to edit work that Copilot assists you with.
Microsoft Copilot is for Everyone
Unlike some advancements that lie largely in the realm of your IT and data specialists, learning and using AI tools is going to be essential for everyone in your organization. As we discussed earlier, Copilot takes its inputs from the data that your company puts in. Therefore, make sure that every user in your organization understands their role in maximizing the functionality of this tool.
Additionally, employees that are trained and embrace the power of Microsoft Copilot will have increased time to focus on the areas of your business where humans can have the most impact. For example, if you are in Sales, your team can spend more time on outreach and customer connection and less time on administrative tasks that kill productivity.
Although you should give some time and room for your team to explore this tool, having specific trainings to guide and instruct them on Copilot could be the difference between your organization thriving or falling behind.
Have the Right IT Partner
Here at D2Next, we can help to identify weak points in your data and work with you to fix them. This will make your Copilot experience that much more beneficial. We are standing by to work with your team to do training on the specific functions and features that will make your work lives easier.
Reach out to us today to schedule and consultation and talk about how we can enhance your Microsoft Copilot plan for your business.
According to Statista, Microsoft accounts for 30% of the worldwide company usage of office software and that number balloons to 83% when you look at fortune 500 companies. It’s safe to say that if you are in business or looking to do business with the world’s most valuable companies, you are probably familiar with the Microsoft Office 365 suite.
What you might not know is that Microsoft has launched an AI tool called “Microsoft Copilot” to enhance what your business can achieve with your company’s software.
In this article, we’re going to do a deep dive on what Microsoft Copilot is and how your business can leverage this tool to improve productivity.
What is Microsoft Copilot?
Microsoft Copilot has now been available to updated 365 users since November 1st and is Microsoft’s AI tool. Microsoft Copilot is an AI tool that is meant to essentially be Chat GPT on steroids.
Fun Fact: According to Forbes, Microsoft will be entitled to 75 percent of OpenAI’s (the creator of ChatGPT) profits until it recoups its investment – after which it would have a 49 percent stake in the company due to the investment that Microsoft made in the makers of Chat GPT.
What this means for you is that if you have access to Microsoft Copilot, you essentially have the transformative technology of Chat GPT after it has been enhanced by the dollars, data, and infrastructure of Microsoft.
If you’re an avid Microsoft user, it’s clear that Microsoft isn’t trying to hide this transformational tool.
As of May 2024, virtually every application within the Microsoft Office Suite has clear plugins that make Microsoft Copilot visible to users. Learning how to use this LLM (Large Language Model) is a game changer that Microsoft is encouraging everyone to take full advantage of.
Microsoft Co-pilot Uses Your Data
How Copilot is different from other LLMs is that it incorporates your data into its recommendations and creations. This is both extremely helpful and potentially dangerous for the end product that is produced. With this feature, Copilot is only as good as the strength of your data. In essence, if your data is less accurate the assistance you receive will be less accurate as well.
We cannot stress how important cleaning up your internal data will be in getting the most out of this tool.
However, if your data is in good order, this also gives Copilot the ability to learn your specific style and help you build out work that has your signature. For example, if you write down meeting notes in OneNote, Copilot can formulate a proposal based on the notes that matches prior proposals that you have in your files. Functions like this can save you and your employees valuable time by automating some of the more rote tasks they face in business.
Microsoft Copilot Isn’t Perfect
Just like any assistant, Copilot isn’t an exact replica of you. Although much improved from Chat GPT, Copilot is new and will continue to improve as Microsoft develops it and businesses get better at using it.
Although it can save lots of time in simple tasks, human analysis is still going to be key to having your business perform at its best. Copilot is here to help and give your team more bandwidth to work on higher level tasks, but it is essential that you know the potential for bad data and imperfect products and take the time to edit work that Copilot assists you with.
Microsoft Copilot is for Everyone
Unlike some advancements that lie largely in the realm of your IT and data specialists, learning and using AI tools is going to be essential for everyone in your organization. As we discussed earlier, Copilot takes its inputs from the data that your company puts in. Therefore, make sure that every user in your organization understands their role in maximizing the functionality of this tool.
Additionally, employees that are trained and embrace the power of Microsoft Copilot will have increased time to focus on the areas of your business where humans can have the most impact. For example, if you are in Sales, your team can spend more time on outreach and customer connection and less time on administrative tasks that kill productivity.
Although you should give some time and room for your team to explore this tool, having specific trainings to guide and instruct them on Copilot could be the difference between your organization thriving or falling behind.
Have the Right IT Partner
Here at D2Next, we can help to identify weak points in your data and work with you to fix them. This will make your Copilot experience that much more beneficial. We are standing by to work with your team to do training on the specific functions and features that will make your work lives easier.
Reach out to us today to schedule and consultation and talk about how we can enhance your Microsoft Copilot plan for your business.
Recent Posts
Recent Comments
Author
Duan Dempsey
Founder, CEO of D2neXt
Popular Categories
Popular Tags
Archives