AI (artificial intelligence) augmentation is the process of incorporating artificial intelligence technology into the workplace to help employees work more efficiently. AI Augmentation has rapidly grown recently with new breakthroughs and availability of AI technology, like OpenAI's Chat GPT.
AI Augmentation tools help us perform productively in a comfortable working environment. AI tools can also lead to an improved work-life balance and a better quality of life.
AI augmentation can be used in conjunction with human cognition for a wide variety of tasks, including but not limited to:
While AI augmentation tools may not give you literal superpowers, it can empower you to work like you do.
AI tools have been primarily based on algorithms, binaries, and codes. In other words, they couldn't evolve without human intervention.
AI augmentation is more human-centric in the sense that it considers our needs and understanding levels. It uses natural language processing, or NLP, to help augment human intelligence in the areas of reasoning and decision-making. Humans can work alongside AI to work smarter and more efficiently.
AI tools play the role of a virtual copilot:
AI augmentation tools are simply used as one part of a larger process that involves human input. Remember that it is not about complete automation, but rather personalized augmentation.
AI Augmentation tools are designed to enhance an employee’s performance, not to replace them outright. It’s more like a GPS navigation software for workflows, guiding users to their task goals quickly and through the most “fuel-efficient” route. Combined with the company’s existing AI-driven architecture, these AI augmentation tools can significantly increase productivity and reduce costs for employers.
Have you ever wondered how awesome it would be to have someone at your beck and call, instinctively providing you with the right information at the right time? AI Augmentation tools can do exactly that. Think of them as your AI copilot, living right inside your workspace, ready to assist you. They can do the following for you:
Here's an example: You're a junior banker tasked with writing an equity research report for the first time. Instead of staring at a blank page trying to figure out how to get started, AI provides you resources and initial thoughts to get started. Check out this example:
While you still need to fact-check, extend, and refine the AI-generated brief, it provides a structured outline for this junior banker to work with. Busy professionals alike can utilize these tools to cut down the time it takes to complete tasks like research briefs. It can also be a great learning tool for less-experienced employees.
AI has the power to augment our workflows in a way that is tailored to our individual needs. These tools can help us achieve more and be more productive. A few examples of AI augmentation tools include:
A key feature of these technologies is their ability to equip humans with exactly what they need. By employing intelligent data analytics and cognitive computing, AI augmentation tools personalize workflows according to an individual’s needs.
Big data is the use of massive datasets to gain insights about the world. It’s a challenge to process large amounts of data using conventional means due to the sheer amount of information, the variety of formats, and the speed at which it is generated.
AI Augmentation tools like ModuleQ collect and analyze big data to help find the most useful information that otherwise would have gotten lost in the clutter.
Five ways AI augmentation solves the big data problem:
ModuleQ arms companies with AI Augmentation solutions to help their customer-facing teams get more out of their workflows. Recently, ModuleQ selected the GPT models and Microsoft Azure OpenAIService to help customers unlock the value of their information assets, both proprietary and externally sourced. This empowers users to do even more with AI Augmentation. Head here to find out more about how they do this.