
By now, most businesses leaders have heard of the buzz surrounding Copilot, and perhaps even implemented it. However, there are some key factors involved in getting the most out of these solutions, ranging from data to whether or not it’s right for your business size. We’ve rounded up key info from around the web to create this quick info brief: check out our recaps below or click to read the full articles!
An Overview
Microsoft Copilot Cheat Sheet: Price, Versions & Benefits
Our key takeaways from the article:
- Copilot integrates with Word, Excel, PowerPoint, Outlook, and Microsoft 365 Chat
- Potential problems and caveats with Microsoft Copilot are similar to those often discussed around Chat GPT: the model is only as good as the data it can access. In the context of Copilot, TechRepublic suggests that businesses be careful about what data Copilot can access.
- The price point may seem expensive, but it can be preferable for businesses which may seem steep for single users, but given that it is geared towards enterprises, this price point could end up being a bargain.
- TechRepublic highlights that when it comes to whether investing in CoPilot is worth it, businesses should consider:
- The initial cost
- The extra expenses associated with generating data and collecting accurate and useful data
- The productivity benefits
- Whether or not they have LLM-ready data, or whether a consumer-level version of Copilot would be right for them
On AI: Microsoft Copilot Is Going To Be Huge. Here Are 6 Critical Things Every Business Owner Should Know
While this Forbes article was written pre-Copilot release, it contains two takeaways which still hold true.
The authors highlighted that Copilot is “ChatGPT on steroids” and, when used correctly, can help businesses boost productivity.
However, they also note that:
- Copilot will save time, but it is important to learn how to work with the tool effectively. They note that, “you and your employees will need training not only to understand how to use copilot but where it can be used.”
- Similar to TechRepublic’s Cheat Sheet, they highlight that the Achilles heel of Copilot is in the potential for it to be basing recommendations off of bad or incomplete data. They note, “the biggest problem that it will create for your business is that it will oftentimes be inaccurate and incomplete. That’s because your data is likely inaccurate and incomplete.”
Copilot’s Industry Applications: Boosting Efficiency In Manufacturing, Finance, and More
In addition to providing general info, many news sources always discuss the benefits that Copilot and analogous tools will bring to various industries.
By Enabling “As An Expert” Capabilities, Generative AIs like Microsoft Copilot Will Transform Manufacturing
- This article highlights the impact that tools like Copilot will bring to the manufacturing industry, especially in light of the fact that over 90% of manufacturers aim to be AI first in under a year.
- They highlight that the ask-an-expert capability of copilot will enable manufacturers to navigate complex tasks, automate repetitive processes, and boost work efficiency.
- As in most other articles within this space, the authors highlight the importance of data, and suggest that data fabrics can help mitigate the challenges of siloed data.
Microsoft Launches Copilot for Finance in Microsoft365
- Microsoft’s tools will also bring benefits to the financial industry, by enabling finance leaders to tackle challenges outside of the operational portions of their roles, as well as eliminate cycles of repeated data entry and review work.
- Copilot will tap into context from existing financial data sources such as Microsoft Dynamics 365, SAP and the Microsoft Graph.
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