- According to a new study, advisors using AI completed tasks faster and delivered higher-quality results.
- According to the study’s authors, below-average performers saw the greatest benefit from using AI.
- Previous studies have shown that AI assistance had a weak impact on highly-skilled customer service employees.
A recent study conducted at the management consulting firm Boston Consulting Group, or BCG, found that below-average consultants benefited the most from using technology.
Conversely, those who did well saw lower gains.
The study, published Thursday, included 758 BCG advisors globally — or about 7% of the company’s individual contributor-level advisors. They were split into two groups: one with access to GPT-4, the model that currently powers ChatGPT, and one without.
Before the experiment, employees were tested to measure their average level of performance, classifying them into “bottom-half” and “top-half” skilled participants.
They were then assigned a series of practical consulting tasks for a fictional shoe company and their performance was graded by human and AI raters.
Below-average performers saw the biggest benefit from using AI, with their average performance improving by 43%.
Their above-average counterparts saw an average performance increase of only 17% using AI.
The study also found that those who used AI completed their tasks faster and produced higher-quality results than those without access.
However, it also highlighted the dangers of over-reliance on AI.
Advisors with access to AI performed up to 20% worse when presented with tasks beyond the AI’s understanding. In these cases, the AI will present misleading yet plausible responses.
The study was conducted by researchers from Harvard, MIT, Warwick University, and the University of Pennsylvania, along with the Boston Consulting Group.
Ethan Mollick, a Wharton professor and co-author of the study, wrote in a post on X, formerly known as Twitter: “AI acted like levelers: underperformers benefited the most.”
Another study — published in April — examined customer service workers at a Fortune 500 company and found that highly-skilled workers saw “close to 0%” productivity gains with AI assistants.
In contrast, low-skilled agents increased their productivity by 35%.
Certainly, generative AI, as it currently exists, is prone to convincingly present false statements as true. The consequences of these errors can be serious — from botched deaths to poor health outcomes for patients.
The study authors and BCG did not immediately respond to Insider’s requests for comment sent outside regular business hours.
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