A few weeks ago, Microsoft (MS) released their annual Work Trend Index Report. A good read for leaders and curious minds probing the future of work trends. With platforms like M365 and LinkedIn, MS accesses lots of data on current trends, which, combined with 31,000 interviews, yields a substantial basis for their report.
📝My one-paragraph summary
Today we're submerged in more data (meetings, emails, chats, PowerPoints,…) than we can manage. This overload prevents innovative work. AI is the lifeline we need to improve productivity and we must all learn how to use it effectively. Now.
👀Now, let's dive deeper into some topics
🗣 Communication - More talk less do.
Interestingly, we spend 57% of our time on communication and only 43% on creation. Most of this communication (60%) is text-based (emails and chats), yet we view meetings as the largest roadblock to productivity.
🚧 Top 5 roadblocks to productivity:
1. Inefficient meetings
2. Lack of clear goals
3. Excessive meetings
4. Feeling uninspired
5. Difficulty in finding required information
🧐 But why do meetings, supposedly collaborative platforms, become productivity barriers? Let's speculate.
❓Could it reflect our action bias, where we feel more productive when actively doing something (like composing emails) rather than listening in a meeting?
❓Could it be linked to our desire for increased autonomy (self-determination theory) - we can choose when to write emails and chats, but we're usually invited to meetings set in time?
❓Could it be FOMO, where we join meetings to avoid missing out on “crucial” information?
💬 What's your take? Are you swamped with meetings? What's your ideal balance between meetings and focused work? Do you find emails and chats more efficient than meetings?
🆘 How can AI help?
AI can certainly help streamline meetings. The report outlines a few common difficulties in meetings:
✅ Catching up if joining late (57%),
✅ Understanding the next steps (55%), and
✅ Summarizing the meeting (56%)
AI excels at summarizing, so these issues should soon be solved.
Also, AI might reduce the need for information exchange meetings by making information easier to access. It's often simpler to call for a meeting than search for information on the intranet.
🎓 Up-skilling - The Way Forward
About 70%-80% of the interviewees welcome AI's help and believe it will boost creativity and reduce administrative work. But this shift requires new skills.
The top 3 "new" skills for this new era of work:
1. Analytical judgment
2. Flexibility
3. Emotional intelligence
Who needs to up-skill? Everyone.
"82% of leaders in our survey say their employees will need new skills to be prepared for the growth of AI.”
How are you planning for the significant up-skilling that's coming?
📖 It's refreshing to read a report grounded in such a vast data set. It's worth your time, even though it leans towards Microsoft.