{"id":4289,"date":"2024-06-25T16:43:48","date_gmt":"2024-06-25T16:43:48","guid":{"rendered":"https:\/\/www.pax8.com\/blog\/?p=4289"},"modified":"2024-06-25T16:43:48","modified_gmt":"2024-06-25T16:43:48","slug":"copilot-roi-calculator","status":"publish","type":"post","link":"https:\/\/www.pax8.com\/blog\/copilot-roi-calculator\/","title":{"rendered":"How to calculate the ROI for implementing Copilot in your organization"},"content":{"rendered":"

Implementing Microsoft Copilot<\/a> can have a myriad of benefits<\/a> for small- and medium-sized businesses (SMBs), from summarized searches to the ability to create AI-powered content. In order to balance the time and effort savings granted by Copilot with cost, organizations should consider calculating its return on investment (ROI) of Copilot before implementation. In this blog, we\u2019ll explore what goes into calculating ROI for Copilot, how organizations can calculate ROI for Copilot, and how managed service providers (MSPs) can help.<\/p>\n

Copilot: the basics<\/h2>\n

While adopting Copilot improves productivity and helps you and your clients stay competitive, there are degrees to which it can be implemented to maximize ROI.<\/p>\n

To maximize Copilot\u2019s impact, it\u2019s best to start with a pilot program. A pilot involves creating a small team to train and from which to gather feedback. It\u2019s a great way to start your journey with Copilot and begin understanding the ROI of its implementation.<\/p>\n

When thinking about your pilot, look at how different departments in the organization can use Copilot for M365 and who has the highest propensity to use it. For instance, heavy users of Microsoft 365 products (such as Teams, Outlook, and PowerPoint) will be more likely to use Copilot.<\/p>\n

After you’ve identified the right people and\/or teams, you\u2019ll need to clearly define a goal. Having a clearly defined goal and plan will help the team implement Copilot into their daily workflows in a way that directly supports that goal. This helps you define the value of Copilot in the organization and determine its best-fit use cases, ultimately helping you calculate ROI.<\/p>\n

Keep in mind not everyone in the organization needs a Copilot license right away. AI represents a shift in the technological mindset across an organization, so it\u2019s important that you find the right people to champion and promote this change internally. In addition, a pilot program enables continuous learning. By allowing a specified team to experiment, learn from each other, and share insights, Copilot can be used more consistently and effectively.<\/p>\n

Defining success criteria<\/h2>\n

The first element to consider when predicting ROI is identifying success criteria. What will Copilot bring to various teams within your company? Aside from improving meetings, enabling quick content creation, and helping employees manage their daily agendas, here are some factors we suggest using when determining the value of Copilot:<\/p>\n

Human resources (HR)<\/strong><\/p>\n