Will Large Language Models Really Change How Work Is Done?
MIT Sloan Management Review|Spring 2024
Even as organizations adopt increasingly powerful LLMs, they will find it difficult to shed their reliance on humans.
Peter Cappelli, Prasanna Sonny) Tambe, and Valery Yakubovich
Will Large Language Models Really Change How Work Is Done?

LARGE LANGUAGE MODELS (LLMS) are a paradigm-changing innovation in data science. They extend the capabilities of machine learning models to generating relevant text and images in response to a wide array of qualitative prompts. While these tools are expensive and difficult to build, multitudes of users can use them quickly and cheaply to perform some of the language-based tasks that only humans could do before.

This raises the possibility that many human jobs — particularly knowledge-intensive jobs that primarily involve working with text or code — could be replaced or significantly undercut by widespread adoption of this technology. But in reality, LLMs are much more complicated to use effectively in an organizational context than is typically acknowledged, and they have yet to demonstrate that they can satisfactorily perform all of the tasks that knowledge workers execute in any given job.

LLMs in Organizations

Most of the potential areas of use for LLMs center on manipulating existing information, much of it specific to an individual organization. This includes summarizing content and producing reports (which represents 35% of use cases, according to one survey) and extracting information from documents, such as PDFs containing financial information, and creating tables from them (33% of use cases).¹ Other popular and effective uses of LLMs include creating images with tools like Dall-E 2 or generating synthetic data for applications when real data is difficult to obtain, such as data to train voice recognition tools like Amazon’s Alexa.²

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MIT SLOAN MANAGEMENT REVIEWView all
Ask Sanyin: How Do You Build for an Unpredictable Future?
MIT Sloan Management Review

Ask Sanyin: How Do You Build for an Unpredictable Future?

While the pandemic was a wild ride of uncertainty for me and many of my peers in leadership, it feels like we never regained our footing.

time-read
2 mins  |
Winter 2025
What You Still Can't Say at Work
MIT Sloan Management Review

What You Still Can't Say at Work

Most people know what can’t be said in their organization. But leaders can apply these techniques to break through the unwritten rules that make people self-censor.

time-read
7 mins  |
Winter 2025
Make Character Count in Hiring and Promoting
MIT Sloan Management Review

Make Character Count in Hiring and Promoting

Most managers focus on competencies when evaluating candidates but it’s character that will transform the DNA of the organization. Here’s how to assess it.

time-read
10+ mins  |
Winter 2025
Why Influence Is a Two-Way Street
MIT Sloan Management Review

Why Influence Is a Two-Way Street

Managers achieve better outcomes when they prioritize collaborative decision-making over powers of persuasion.

time-read
10 mins  |
Winter 2025
Know Your Data to Harness Federated Machine Learning
MIT Sloan Management Review

Know Your Data to Harness Federated Machine Learning

A collaborative approach to training AI models can yield better results, but it requires finding partners with data that complements your own.

time-read
9 mins  |
Winter 2025
How Integrating DEI Into Strategy Lifts Performance
MIT Sloan Management Review

How Integrating DEI Into Strategy Lifts Performance

Incorporating diversity, equity, and inclusion practices into core business planning can provide a competitive edge.

time-read
9 mins  |
Winter 2025
The Myth of the Sustainable Consumer
MIT Sloan Management Review

The Myth of the Sustainable Consumer

Companies that understand the different kinds of consumers for sustainable products can market to them more effectively.

time-read
10+ mins  |
Winter 2025
A Practical Guide to Gaining Value From LLMs
MIT Sloan Management Review

A Practical Guide to Gaining Value From LLMs

Getting a return from generative AI investments requires a systematic approach to analyzing appropriate use cases.

time-read
10+ mins  |
Winter 2025
Improve Workflows by Managing Bottlenecks
MIT Sloan Management Review

Improve Workflows by Managing Bottlenecks

Understand whether process or resource constraints are stalling work.

time-read
10+ mins  |
Winter 2025
Craft Schedules That Work for Everyone
MIT Sloan Management Review

Craft Schedules That Work for Everyone

Business leaders can improve retention and business performance with schedules that make sense for workers’ lives.

time-read
10+ mins  |
Winter 2025