Efficient doesn't beat effective
Efficient doesn't beat effective
đĄ Streamlining is smartâbut outcomes matter more.
Who doesn't love efficiency? Itâs the business worldâs favourite buzzword. But hereâs the truth:
Real performance isnât about speed or scale. Itâs about impact.
In todayâs AI-driven world, all institutions - and the people in them - are under pressure to automate, optimise, and do more with less. But that doesnât always make things better. Often, it just makes them⊠faster. Or more complex.
đ€ True efficiency enables people to handle complexity without adding complication. But it can backfire. In the race to streamline, some companies are (unwittingly I'm sure) sacrificing customer experience: 70% of consumers would switch brands after just one frustrating AI chatbot interaction (Oracle, 2024).
The takeaway? Chasing efficiency through automation alone can break trust.
đ§ So what works? HumanâAI complementarity.
Success isnât just about what machines can do. Itâs about where humans still matter most. Alongside a risk-of-substitution score and a potential-for-augmentation score, a 2024 MIT Sloan study - https://lnkd.in/e6ypQG3y - introduced EPOCH, a framework of five uniquely human strengths that resist automation and complement AI's inference excellence with (accurate and large) datasets. They are:
đ§ Empathy and Emotional Intelligence
đ Presence, Networking, and Connectedness
âïž Opinion, Judgment, and Ethics
đš Creativity and Imagination
đ«” Hope, Vision, and Leadership
But the research goes deeper. It also highlights where AI struggles:
đïž Making inferences from limited or biased data
đ«€ Solving open-ended, ethical, or ambiguous problems
đ€„Extrapolating beyond its training
đš Building trust, relationships, or belief
𫥠Acting on a vision when the data doesnât exist yet
đ So instead of asking what AI can do, ask what only humans should do. Shift the lens from what machines can handle to asking 'where are humans irreplaceable?'
**
đ Bonus insight: Roles that score high in EPOCH traits saw the strongest employment growth from 2016 to 2023 (MIT Sloan, 2024).
**
âïž So whatâs the play? Balance.
Efficiency isnât wrong. But without effectiveness, itâs just motion. Thing is, it's not enough to just say you're doing it - you need to put some time in to really work out for each task and position what makes most sense over time, what keeps your joints buttery and flexible, and what will work best for the customer and brand.
Hereâs a quick playbook to design for real impact:
â
Support decision-making, not just workflows
â
Surface insights fastâclarity beats dashboards
â
Simplify the complexâdonât complicate it
â
Free people to focus on outcomes, not admin
Letâs make effectiveness the metric that matters.
đŹ Got thoughts on this? Drop them below.
đ Want to build a more persuasive, differentiated brand? Letâs talk.
==
EPOCH paper is available at https://lnkd.in/e6ypQG3y. Authors are Professor Roberto Rigobon and postdoctoral associate Isabella Loaiza.