This is a good thing, since increased perfomance means that the clients will have less billed hours, right? Right?
ChatGPT-4 significantly increased performance of business consultants
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Re: ChatGPT-4 significantly increased performance of business consultants
#12Withing 3 months, companies will be applying to Y Combinator, where both Founder and CEO are ML Models... :-)
Re: ChatGPT-4 significantly increased performance of business consultants
#13What LLMs do for me is that they make me a pro in every programming language.
"How do I do x in language y" always gives me the knowledge I need. Within seconds, I can continue coding.
After more than 10 years of coding fulltime, I know some languages very well, like PHP and Javascript. But even in those, LLMs often come up with a better solution than what I wrote. Because they know every fricking thing about those languages.
Re: ChatGPT-4 significantly increased performance of business consultants
#14Pipe /dev/random, transform to decimal, and you just got an amazing increase in performance for calculating decimals of Pi. Nobody said precision was important anyway.
Honestly if you don't care about precision, /dev/zero is going to give you more throughput. Plus, I personally guarantee it's correct to within an error margin of 4.0. You can't offer the same with /dev/random!
Re: ChatGPT-4 significantly increased performance of business consultants
#15Well, this sounds like perfect tasks for GPT:
"Participants responded to a total of 18 tasks (or as many as they could within the given time frame). These tasks spanned various domains. Specifically, they can be categorized into four types: creativity (e.g., “Propose at least 10 ideas for a new shoe targeting an underserved market or sport.”), analytical thinking (e.g., “Segment the footwear industry market based on users.”), writing proficiency (e.g., “Draft a press release marketing copy for your product.”), and persuasiveness (e.g., “Pen an inspirational memo to employees detailing why your product would outshine competitors.”)."
Here is the GPT response to the first task: https://chat.openai.com/share/db7556f7-6036-4b3d-a61a-9cd253...
A confident GPT hallucination is almost indistinguishable from typical management consulting material...
Re: ChatGPT-4 significantly increased performance of business consultants
#16Maybe this tells more about BCG consultants than its does about GPT-4?
That's what you would like to think, isn't it? I'm afraid this would be just as much true with any other kind of subjects, and as far as I know, there's no evidence either way so this is just a cheap stab you're having at them.
Re: ChatGPT-4 significantly increased performance of business consultants
#17> Two distinct patterns of AI use emerged: “Centaurs,” who divided and delegated tasks between themselves and the AI, and “Cyborgs,” who integrated their workflow with the AI.
It was nice of them to explain that the article was total horse dung before having to read the whole paper
Re: ChatGPT-4 significantly increased performance of business consultants
#18Having been a consultant, what strikes me about this is the next, to me seemingly obvious question: What if you just removed the consultants entirely and just had GPT-4 do the work directly for the client?
If you’re a client and need a consultant to do something, you have to explain the requirement to them, review the work, give feedback, and so forth. There will likely be a few meetings in there.
But if GPT-4 can make consultants so much better, I imagine it can also do their work for them. And if you combine this with the reduction in communications overhead that comes from not working with an outside group, why wouldn’t clients just accrue all the benefits to themselves, plus the benefit of not paying outside consultants or dealing with the overhead of managing them?
This is especially the case when the client is already a domain expert but just needs some additional horsepower. For example, marketing brand managers may work with marketing consultants even though they know their products and marketing very well. They just need more resources, which can come in the form of consultants for reasons such as internal head-count restrictions.
Anyway, I just wonder if BCG thought through the implications of participating in this study. To me it feels like a very short step from “helps consultants help their clients” to “helps clients directly and shows consultants aren’t really necessary.”
Especially so if the client just hires an intern and gives them GPT-4.
Re: ChatGPT-4 significantly increased performance of business consultants
#19Having been a consultant, what strikes me about this is the next, to me seemingly obvious question: What if you just removed the consultants entirely and just had GPT-4 do the work directly for the client? If you’re a client and need a consultant to do something, you have to explain the requirement to them, review the work, give feedback, and so forth. There will likely be a few meetings in there. But if GPT-4 can ma…
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Re: ChatGPT-4 significantly increased performance of business consultants
#20Having been a consultant, what strikes me about this is the next, to me seemingly obvious question: What if you just removed the consultants entirely and just had GPT-4 do the work directly for the client? If you’re a client and need a consultant to do something, you have to explain the requirement to them, review the work, give feedback, and so forth. There will likely be a few meetings in there. But if GPT-4 can ma…
Companies like BCG and McKinsey are mostly about liability, as a CEO you call them, pay them the big bucks, have them make up plans and strategies, if it works out you get the credit, if it doesn't then well "we worked tightly with experts from McKinsey, etc. so the blame isn't on me"