95% of Companies See 'Zero Return' on $30B Generative AI Spend

Full disclosure: I'm currently in a leadership role on an AI engineering team, so it's in my best interest for AI to be perceived as driving value.

Here's a relatively straightforward application of AI that is set to save my company millions of dollars annually.

We operate large call centers, and agents were previously spending 3-5 minutes after each call writing manual summaries of the calls.

We recently switched to using AI to transcribe and write these summaries. Not only are the summaries better than those produced by our human agents, they also free up the human agents to do higher-value work.

It's not sexy. It's not going to replace anyone's job. But it's a huge, measurable efficiency gain.

so you're saving 3-5 minutes per agent per call. I'm guessing calls come into a queue and then the next available agent starts to handle it. If an average call takes about 20min until the agent hangs up and is free for another then after about 5 calls they've saved enough time to take an extra call they wouldn't have before. 5 calls is 1.4 hrs on the phone, i'm guessing with breaks and call center reps not being 100% on the ball all the time then your agents probably will take maybe 3-4 more calls per day with the AI than without (assuming call volume is such that there are always more calls than agents can handle)

Is that really millions of savings annually? Maybe it is but I always hesitate when a process change that saves one person a few minutes is extrapolated all the way out to dollars/year. What you'll probably see is the agents using those 3-5 minutes to check their phone.