The Workplace: AI Tools

AI Tools Enhancing Workplace Productivity.

Sep 15, 2024

The number of platforms capable of handling tasks for us has skyrocketed in recent months. Not long ago, there were far fewer AI Agents and Generative AI platforms available, but today, there are thousands, highlighting the rapid and widespread global adoption.

Hey Readers 👋

Welcome to this week’s second edition of New Economies, a newsletter exploring the latest technology trends shaping our world. Throughout this edition, we explore the current and future use cases of how AI platforms can be adopted within the workplace, by function and why we should consider using them.

Let’s get started!

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The current AI landscape

Since ChatGPT was released in November 2022, the tech ecosystem has seen a flurry of new AI startups emerge, especially those building across Generative AI and investors are continuing to pour money into the ecosystem.

For example, funding to companies in AI more than doubled quarter over quarter to $24 billion (2024) — representing 30% of all dollars invested, the largest quarter for AI funding in recent years.

Why this has a significant impact on the workplace

We are still in the early days of seeing how Generative AI will unfold however, in the future, we expect most companies to adopt these platforms across various functional areas. For instance, there will be multiple AI tools for marketing teams, sales, product, HR and so on.

AI has proven to us that not only does it significantly impact efficiency, but some of the day to day tasks can be almost performed for us. Below you can find examples on how these tools can impact your workplace by domain function.

The Workplace: AI Tools

To help navigate this evolving landscape, we’ve created a market map that highlights notable players and early stage startups in the AI space. Our map explores the innovative start-ups poised to support us on a daily basis within a workplace capacity. Each group presents a host of unique opportunities, which we unpack in full below.

Examples on how you can use these platforms within the workplace.

With countless platforms available—and plenty of noise about which ones to use—we've simplified the decision-making process by highlighting the key benefits and potential use cases for some of the most promising options.

Chief Marketing Officer

1. Drafting marketing copy: Some of these platforms such as Jasper, will create ‘end-to-end campaigns made from a single brief.’

2. Enhance your video presence: Tools will now go beyond just text. Steve.AI will generate videos from text prompts.

3. Elevate Your Content: Optimise your SEO & engage your audience with the likes of Writesonic.

Chief Financial Officer

1. Automate Tedious Bookkeeping: Streamline your financial processes with the likes of Booke.

2. Invoice processing and bill pay: If your team is "semi-automated" today, take the next step to full-blown autonomy with the likes of Vic.

3. Amplify audits with AI: Perform faster, streamlined audits for all of your clients on one platform with the likes of Trullion.

Chief Product Officer

1. AI that builds websites for you: Remember the days when you would have no-code platforms that would make it so easy to launch websites within a few days? You can now launch websites within minutes with platforms such as Durable, Mixo and Uncody.

2. Generate clean code: For non-technical people out there, and for developers, generating code has become much easier for you. Platforms such as Flutterflow and Codeium do exactly that for you.

3. Product Management: Platforms such as Productboard help you understand what customers need, prioritise what to build next, and align everyone around the roadmap.

Chief Legal Officer

1. Draft legal docs: Tired of endlessly reading and drafting legal docs? Pincites and Docsum help you draft and review contracts for a fraction of the cost and time.

2. Draft patents: Edge for example drafts quality patents in a fraction of the time. Draft claims, detailed descriptions, backgrounds, and much more.

3. Case Management: Keep all of your case details and documents in one location and provide real time updates, messaging and document sharing with your customers, by using the likes of Mycase.

Chief Design Officer

1. Generate images with text prompts: Generate images from simple text prompts with the likes of Midjourney.

2. A new medium for presenting ideas: Beautiful presentations, documents, and websites. No design or coding skills required with the likes of Gamma.

3. AI Background for Product Photos: Professional product photos, instantly with the likes of Mokker.

Chief Revenue Officer

1. Capturing every conversation: Analyse your sales conversations to get precise insights that help you build high-performance teams and win more deals. MeetRecord, our sponsor in this week’s edition can help you with that.

2. Getting marketing in every conversation for sales: Identify trends and content gaps by analysing every sales conversation, similar to what Naro is building.

3. Stayed ahead: How do you constantly stay informed on what your competitors are doing? Meet Crayon, who provide intel on your competitors movements.

Chief Customer Officer

1.Scale your support smarter with generative AI: Automate +80% of your support requests across all digital channels with the next generation of AI-powered bots, with the likes of Ultimate AI and Kindly.

2. Interactive demos & guides: How do you teach your customers at scale with interactive demos and guides? Meet the likes of Floik who are supporting with customer education.

3. Accelerate your A/B testing: Manual testing is slow and impersonal until OfferFit, launched their AI A/B testing tool.

Chief Data Officer

1. Build data workflows in everyday language: Stop spending time on janitorial data tasks. Squack might be a solution.

2. Your analytics project delivered in record time: Enable data teams to track company metrics, prevent breaking changes, and define business logic with their stakeholders in a fraction of the time by using the likes of Turntable.

3. Analyse your data with computational AI: Chat with your files and get expert-level insights in seconds with the likes of Julius.

Chief HR Officer

1. Optimise your talent sourcing engine: Manage your entire talent sourcing workflow on one platform, similar to what Attract does.

2. Modernise the way you hire with background checks: Checkr helps you perform background checks on new recruits.

3. Reducing HR tickets: Leena for example is an agent supporting companies become more productive, performing tasks on their behalf.

We are still early in the AI cycle, but we believe that the majority of people will soon be using at least one type of AI tool daily in their workplace, tailored to specific functions.

Previous AI editions of New Economies:

The AI Unicorns Landscape. Read the edition here.
The Generative AI Landscape. Read the edition here.
AI Agents Landscape. Read the edition here.
2,000 AI Investors. Read the edition here.

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