Source: Fortune
Summary
Goldman Sachs’ chief information officer Marco Argenti believes that monitoring employees’ AI usage is not the best way to measure productivity. Instead, he measures the speed at which engineering teams can develop and execute ideas. Argenti says that AI tools have helped employees go from creating PowerPoints to creating prototypes in real-time. Goldman has been at the forefront of implementing AI, launching its GS AI Platform and an in-house version of ChatGPT. Other companies, such as Google and Accenture, are also pushing for employees to use AI tools.
Our Reading
The numbers tell one story.
Goldman Sachs is taking a different approach to measuring AI’s impact on productivity. Argenti’s focus on team speed and backlog reduction is a more nuanced view. AI tools have enabled employees to create prototypes in real-time, reducing the time between idea and execution. The bank’s GS AI Platform and in-house ChatGPT are just a few examples of its AI efforts. As companies like Google and Accenture push for AI adoption, Goldman’s approach may be a more effective way to measure success.
Argenti’s words reveal a subtle shift in corporate language: from “productivity” to “empowerment” and “liberation” – a telling sign of how companies are reframing the AI conversation.
Author: Evan Null
