It's not that AI can't be useful, but that there's a learning curve, and early in the learning curve we should expect as many resources to be spent learning as resources are saved by using the thing. A macro level view of the economy as a whole sees this as "zero economic growth".
But on company level I see it as a risk: suddently you might have 50 new small apps created by people who might not even work at the company who are not constantly tested for security/privacy ... but more important who once done are not pushing the frontier of how a much better solution might be in that area cause nobody is putting time into them. So as time passes by this has the risk to become legacy software used to run your business. yes of course you can point an AI to all of them and prompt it to make them better but that means focus on that instead of your core business.
Maybe we will see solutions appearing to manage this kind of tech debt.
I needed and embedded document based database, a friend of mine with 30 years experience was vibe coding a database in Rust and I asked him if he can make it support Swift and be embedded in iOS and in few minutes he delivered that using Claude. Then I started vibe coding on it with Codex adding features I wanted and integrating it into my project. It worked as expected. I think it is close to reaching parity with MongDB, years of work vibe coded in a weekend.
There’s going to be fundamental changes in how we program computers and consequently the IT industry.
So if you want to think of it in economic terms, some software consulting firm that would otherwise have made six figures instead did not. The vast majority of the money we would have spent stayed in our pocket. Slight decreases like this in “velocity of money” no doubt add up to significant sums.
Is your company a software firm or considered something outside of pure software?
If this is happening on a widespread basis in the economy we should see evidence of it sometime this year and that's what investors are anticipating with SaaS stocks.
I am an economic dummie, but wouldn't the metric be revenue per employee?