Is Microsoft Copilot Even Worth it? I _Finally_ Found One Happy User
Paul Baier
Executive Fellow at HBS and CEO of GAI Insights | Forbes Columnist | We help innovative AI leaders and vendors drive value with GenAI/AI
So far, the ROI of paying for Copilot for your employees has been low
Microsoft 365 Copilot is an AI assistant for Microsoft 365 applications, and it is not cheap, with prices reaching up to $36 per month per employee. Some estimates suggest it could cost over $250,000 per year. Is it worth it? Multiple companies have asked us about the ROI. Are employees driving value from this, or are they indifferent and confused?
I started asking dozens of people, “Do you have a killer app for Microsoft 365 Copilot?†and found very few. On LinkedIn, I offered to pay $50 for answers but had zero takers.
When I increased the offer to $150, finally, one person, Jared, stepped forward. Jared had three killer use cases. I was most impressed by brainstorming and categorization.
Watch here
Jared’s other two use cases involved asking Copilot to analyze meeting notes and propose an agenda for a follow-up meeting and using Copilot as a patient and super helper for Excel formulas.
What is your experience at work with Microsoft 365 Copilot? Is this tool driving productivity improvements? Are employees embracing the significant change management required to reap the benefits?
“Emotions are a disease looking for a remedy†attributed to Steven Erikson
Onward, Paul
AI is changing the world - I am here to supercharge that change | Connecting HR and Tech | Leading People & Product Initiatives
7 个月- 67%?said Copilot saved them time so they could focus on more important work. - On average, users reported daily time savings of?14?minutes, or?1.2?hours a week. - 22%?of people said they save more than?30?minutes a day. Official stats from Microsoft research published about a year ago. Let's break down the results for a company of 250 employees with a median salary of 50,000 USD. The annual savings for the company would amount to $375,000.? Number of employees: 250 Time saved per employee per week: 1.2 hours Weeks in a year: 52 Median annual salary: $50,000 Working hours per year: 2,080 (assuming a standard 40-hour work week) To understand this calculation:The hourly rate is determined by dividing the annual salary by total working hours ($50,000 / 2,080 = $24.04 per hour). The weekly savings per employee is 1.2 hours * $24.04 = $28.85 Annual savings per employee: $28.85 * 52 weeks = $1,500 Total company savings: $1,500 * 250 employees = $375,000 The cost of Microsoft Copilot is $30 per user per month. For 250 employees, the monthly cost is $7,500 ($30 * 250). The annual cost for 250 employees is $90,000 ($7,500 * 12). Net savings: $285,000 ($375,000 - $90,000)
Product Marketer | Responsible AI Certified | Health & Longevity | Adobe alum
8 个月Paul Baier I use Copilot quite a bit, but the free version. However, I might pay for it after going through these tutorial use cases if it turns out to be better than perplexity, Claude or ChatGPT (which I pay for the latter now). Use cases include IT, Finance, Marketing, Executive among others. Here's the tutorials: https://learn.microsoft.com/en-us/training/paths/empower-workforce-copilot-use-cases/
Paul Baier I very much agree with you. MSFT has such strong market leverage that it can drive penetration rapidly. I do think a more complete integration - with Outlook - will be gamechanger.
Co-Founder at ClaimMentor | Revolutionizing Claims with AI
8 个月Are you paying for surveys? Let me know if you want help with user interviews