The Rise of AI-Powered Teams
By Nicolas Martin, Senior Full Stack Data Scientist, Fractal-Apps CEO & Founder, 08/10/2024.
For several years now, we've started seeing new teams with high efficiency in their daily tasks.
These are not underground organizations, nor a new structure invented by a government, but rather a reality present in all countries.
These new teams are much more effective than traditional teams, and for good reason: each member is fully invested and responsible for their activities.
How is this possible? It's simple: these teams are empowered with AI and use it collectively. Each team member has a complete and accurate knowledge of their business, increasingly powered by Artificial Intelligence.
Which raises the important question of whether this is a temporary event that will disappear in a few years or a new paradigm that will gradually be present in all companies.
The Problem with Traditional Companies
Most companies criticize their employees for a lack of engagement that negatively impacts their results. This lack of investment consistently stems from:
1. Poor management.
2. Removal of responsibility.
3. Unrealistic vision.
These factors prevent employees from maximizing their potential.
A 2023 McKinsey report found that companies with highly engaged employees are 21% more profitable than those with low engagement.
A 2023 Goldman Sachs report estimates a 25% job loss in Europe because of AI, and this was before the announcement of the increase of robotics in the coming years that will impact business but also increase the overall productivity.
Of course, this is not the case for all companies. Many companies will continue flourishing, and many entrepreneurs will lose their business, with or without AI.
The AI Advantage
However, these problems don't exist for AI-empowered companies:
- No poor management: Teams that learn management best practices with AI cannot be bad. They understand that their true bosses are the clients or users of their projects. There's no harsher boss than the market itself: Either you understand their needs and do everything to meet them correctly, or you don't, and the market completely ignores you.
- Full responsibility: Thanks to a better market understanding with AI, they must achieve results and generate income. While it may seem harsh, a business without money is destined to disappear. (This doesn't apply to NGOs or non-profit organizations, which have different objectives.)
- Realistic vision: AI-empowered teams must thoroughly understand their clients or users, competitors, rules, and laws to succeed. This requires absolute pragmatism where even political opinions are set aside (though understood for better market service).
The AI Catalyst
This is where AI enters forcefully, as each employee can now boost formerly tedious tasks:
Legal email responses: Written in minutes instead of hours with ChatGPT or Llama.
Document management: Anvil already uses the power of AI to fill any document workflow with AI.
Task automation: Claude Desktop eases many tasks thanks to a desktop assistant. This is still in beta but already helpful.
Marketing strategy development: New tools such as M1-Project accomplish this in minutes — not always perfect, but its AI redaction and human corrections take hours instead of days for a complete human-made report.
Innovative ideation: AIs like claude.ai can propose dozens of different ideas in minutes. Even without knowing all the ins and outs of a project, the quantity of its proposals often generates interesting ideas that unlock seemingly intractable situations.
Web design: AI image generators like Leonardo or Co-Pilot can create stunning images for free, and there are tools to make any website quickly, such as Scene.
Videos: Now, creating realistic videos is possible with Hailuo, Kling or RunWayML. They can be based on pictures for the best accuracy to your needs.
Music: Is there any need to create music easily for ads or videos? Udio or Suno can create them in minutes.
Those are just a few examples, and there are many more possible tasks if you search them in a tool aggregator like Theres An AI For That.
Most people already use AI in their daily tasks, but it is even more applicable to entrepreneurs for whom activity efficiency is a main concern.
In addition, the learning curve is shorter, thanks to ChatBots. They provide a dynamic way to learn any subject with a clear learning path, which makes entrepreneurs even more skilled in many fields. Skill mastery is still necessary to validate the results of AI. That's why we need an efficient exchange process between the user and AI to create a reliable and concrete value for the business.
In the years 2000s, the traditional teams had a main skill per person. In the near future, AI will benefit small teams to master different skills and produce much more with better quality. Image by author.
The Power of Team Networks
Companies have found in AI a new force, amplified by interactions within their teams. With nearly 18,000 AI services available to facilitate many processes at lower costs, employees can test different services and gain expertise they can exchange with others.
The diversity and richness of AI services mean each person learns different tools, making knowledge sharing mutually beneficial. When employees have different specialties, these exchanges become even more valuable as they complement each other, increasing the success rate of team projects.
Each person commits 100% to their domain, understands the needs of other team members and clients, and can even take risks for the project's benefit without prior approval from others.
In this video, the successful entrepreneur and Youtuber Dan Koe calls it being “high agency”:
Do you want more tips or services in AI? Please feel free to contact us by filling out this form or follow us on X.
Links
Goldman Sachs: Generative AI Could Replace 300 Million Jobs
Why Every Solopreneur Needs to Embrace AI-Powered Teams | Entrepreneur
4 Reasons Why Managers Fail (hbr.org)
How Companies Can Improve Employee Engagement Right Now (hbr.org)
11 Employee Engagement Statistics You Should Know For 2024 | Wellable
Discover How Chatbots in Education Transform Learning Experiences
What Makes Entrepreneurs Burn Out (hbr.org)
The 4 Biggest Problems Causing Entrepreneurs Unnecessary Stress | Entrepreneur
Entrepreneurs are facing a mental health crisis — here’s how to help them (theconversation.com)