Microsoft is enhancing the capabilities of its Copilot offering through productivity applications like Outlook, PowerPoint, and Teams. An all-new Copilot Studio will enable corporate employees to increase the Copilot's understanding by linking it with enterprise software like ServiceNow and Workday. The cost of $30 per individual every month will stay unaltered.
Microsoft on Wednesday announced a number of new features for their Microsoft 365 productivity applications' AI add-on Copilot.Since the arrival of the famously popular ChatGPT virtual assistant, which was introduced by OpenAI, businesses have been curious to see how AI can improve their workers' efficiency. Other software providers like Adobe, Google and Salesforce have also launched related tools.Concerns about the $30/month cost of Copilot for Microsoft 365 have been raised by analysts, who did not expect such a price tag when the product was announced in July. However, Microsoft is countering this by adding more features while keeping the same price.Until now, Copilot had been able to remind Outlook users of missed meetings, create draft PowerPoint presentations, illustrate Word documents and generate Excel forecasts based on existing data. Additionally, the chat feature summarized unread emails, advised users on changes to files and highlighted documents.A new Copilot Studio service will now allow corporate workers to integrate data from business software, such as ServiceNow and Workday, with the AI's knowledge base. Even so, this new service is still included in the $30/monthly price tag, as stated by Microsoft corporate vice president Jared Spataro on CNBC.Among the other enhancements available to Copilot license holders are: during Teams meetings, Copilot will be able to answer questions related to the meeting without needing to have a transcription or recording; it will have the capacity to generate chat messages and detect changes in the tone of conversations; the Whiteboard tool can automatically create visualizations based on ideas discussed by participants, and in Outlook it can recommend attendees, agendas and documents to share.Although some users were satisfied with the product's capabilities even before this week's updates, executives from Microsoft have regarded the updates during the Ignite conference in Seattle as an improvement.
Visa was among the few granted access to Microsoft's Copilot through a preview, and it will soon be offering the program to most of its employees, Rajat Taneja, the payment company's president of technology, revealed. He was the first to give the program a try and constantly uses its features, like summarizing PowerPoint presentations and other documents. Taneja noted that it is useful for drafting and editing communications.Currently, a few hundred of Visa's employees have Copilot licenses - the majority of whom said in a survey that they would not be pleased to see it go. Microsoft CEO Satya Nadella echoed these sentiments, saying that customers could not "imagine work without it" after trying it.
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