Will We Need Reports, Templates and Analysis of Our Projects in Times of AI?

In this episode of the 5 Minutes Podcast, Ricardo delves into the implications of AI's rapid evolution, particularly about generating reports and analysis. He highlights using AI-generated insights to replace conventional statements and analytical tools. Ricardo envisions a future where sophisticated AI systems, like ChatGPT, are employed for project management and finance analysis, possibly replacing the need for tools like Power BI or Tableau.

The potential of generative AI, characterized by its ability to connect diverse ideas and discern patterns that elude human comprehension, is discussed. Ricardo acknowledges the discomfort and uncertainty surrounding this transformative trend. He emphasizes that envisioning and adapting to this evolving landscape is essential to stay ahead.

This episode references a recent research publication by Ricardo and Antonio Nieto, available at pmairevolution.com, which explores these ideas further and provides insights into the changing job landscape. Ricardo concludes by urging listeners to contemplate these changes and prepare for the future, which is already unfolding.

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Episode transcript

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Hello everyone. Welcome to the 5 Minutes Podcast. I want to make a reflection this week. You know, we are seeing all this avalanche of things happening with AI, and one thing that it's strikes my mind it's we need to report. We will need to prepare, for example, a specific report about a project or a status report. Do we need that? Will we need to use templates? And why I'm saying this? Because probably we produce all of this in a way to patronize information and to make sure that we do not miss anything, right? But imagine if you could inject all this data into a system, and then you may ask in natural language something like, what should I be concerned about this week in my portfolio? And then suddenly, you will know exactly what you should be concerned about. And you don't need to, for example, prepare a report. How many times have we prepared a report and put it on the desk of our sponsors and our bosses, and it is still there one week later? And he or she did not even take a look. Why? Why are we producing that paper? It's not better that when he or she needs attention, you just go somewhere and write and use this and ask this question. Why I'm saying this because this is a very tricky thing, it's not, it's not very easy, and it's not, I would say, something that will happen in the future today. But I truly believe that this will not be the end game because the game will never have an end.

But it will be, I would say something that I will not be surprised in the future if we do not have reports; for example, we will not need maybe to use Power BI. We may not need to use Tableau. We may not. Okay. I'm not challenging them. I think they are very powerful things, but. Why do I need this if I can have something that will bring me one step further and will do the analysis for me? And this is what the game of generative AI is about. When you have this large language model, it's someone that has the ability to concatenate and to link, to connect different ideas, and to get patterns that the human brain is not able to get. And when this evolves, everybody is complete; I would say, shocked and amazed by ChatGPT and the progress. Remember that ChatGPT is just a baby. But imagine when this kind of technology becomes mature enough to really have a ChatGPT for project management, a ChatGPT for finance like Bloomberg, the one Bloomberg is developing. We can have a very different game, and all these people that are doing analysis, not please let me correct, not people, but all these tasks that require analysis may be done by AI. And then humans will have to develop other abilities and will have to develop and spend time in high added value instead of just these operational tasks of producing reports. And why I'm saying this is because this is a trend. This is concerning, of course. It's I don't feel completely comfortable when I say this to you because it's not easy.

It's not easy to cope. It's not easy to understand. We feel unsafe. But I truly believe because of what I've been doing in the past; I would say six or seven months, I'm sitting and trying to reflect on how the world will look like in 2 to 3 years. And this is why, for example, Antonio and I did that research that we just published. And this research, by the way, it's you can download it at pmairevolution.com, and you can download it there, and it's free, and it's Creative Commons. Okay. It's our contribution. Okay. It's Antonio and my contribution to this society. So this is not a business. We are not selling this information. We just want people to understand, and there are insights that are very powerful. Many people think that their jobs will not change dramatically. You know, I may have a different perception of that, but, you know, we have 800 people that may think differently. So it's important for us to understand how these trends will take place and why. I'm saying this because when we start envisioning the future, the future happens, the future happens, and it's happening now. It's better that we learn what is coming and get ready than to be surprised by something like, you know, tomorrow you don't need this kind of dashboard to make a decision because the decision will come pretty much ready when you ask whenever you need. So think about that, and see you next week with another 5 Minutes Podcast.

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