TECHNOLOGY TIMES

TherapidevolutionofAIoverthepast yearhasbeennothingshortof revolutionary,particularlygenerativeAI–technologiesthatgeneratetext,images, video,3-Dmodelsandevencode–which sawabreakoutyearin2023.In ChatGPT’sfirstmonth,itamassed57 millionusers,makingitthefastestgrowingconsumerapplicationinhistory, accordingtoresearchfrominvestment bankUBS.
Despiteitspopularity,there’san undercurrentofuncertaintyamongsome businessleaders.SMBleadersareasking bigquestions:What’stherealdealwithAI (beyondallthebuzz)?HowdoIactually getittoworkformybusiness?Howdo weusethisresponsiblyandkeepour customers’datasafe?
Thekeytonavigatingthesequestionsis allaboutexperimentingwithAI,focusing onthebigwinsitcanbringtothetable andlearningbestpracticesforusingthe technologyresponsibly.
OfbusinessesusingthegenerativeAI platformChatGPTtoday,oneinfour havealreadysavedmorethan$75,000. That’saccordingtoa2023surveyby ResumeBuilder,whichalsofoundthat 49%ofcompaniesarealreadyusing ChatGPTandthatanadditional30%plan touseitinthefuture.
GenerativeAItoolslikeChatGPT, ClaudeandDALL·Earepopularbecause they’reaffordable(subscriptionsrun around$20peruser/month)andeffective. GenerativeAI’sversatilityallowsittotake onmanyvaluableroles,likewhippingup content.Businessessavealotofmoney creatingengagingcontentfortheir audiencewithoutpayingmoreforadsor agencies.AIcanalsoquicklyexamine markettrendsandcrankoutreports, cuttingdownonresearchandpaperwork
costssoleaderscanspendmoretimeonhighervalueactivities.
More ways AI can go to work for you:
Content Assistant: ToolslikeChatGPT andClaudecancreatemarketingmaterials, blogpostsandsocialmediacontent, ensuringaconsistentbrandvoiceandtone acrossallchannels.Theycanalsoanalyze thousandsofonlineresourcestocraftthe perfectjobdescriptionandwriteSOPs, proposals,contractsandleases.
Get To The Point: GenerativeAIcan distilllengthydocuments,articlesandemailsintoconcisesummaries,makingit easiertograspkeypointsquickly.
Personalize Your Marketing: Generate tailorede-mailmarketingcampaignsor personalizedproductrecommendationsto enhancecustomerengagementand increasesales.
Product Discovery And Innovation: LeverageAItoanalyzecustomerfeedback andmarkettrendsfornewproductideasor improvements,speedingupinnovation.
Data Analyst: EmployAIfordeepdata analysis,uncoveringinsightsintocustomer behavior,operationalefficienciesand marketopportunities.
Automate Routine Tasks: From schedulingtoinvoicing,AIcanautomate repetitive,time-consumingtasks,suchas draftingmeetingsummariesorgenerating reports,allowingteamstofocuson strategicwork.
WhileAIcandramaticallyenhanceefficiency andcreativity,therearebestpracticestoensure itsuseisbotheffectiveandethical:
Never Share Sensitive Information: To protectprivacy,avoidusingpersonally identifiableinformation(PII)orprotected healthinformation(PHI)withAItools. Assumeanythingthatyouinputinto ChatGPTispublicinformation.
Verify and Review: AIisapowerfultool, butit’snotinfallible.Itcansometimes inheritbiasesfromtrainingdataorgenerate fabricatedorwronganswers.Always reviewitsoutputsasyouwouldahuman co-worker’swork.
Experiment: Thebestwaytounderstand AI’spotentialistoexperiment.Startsmall, likeusingChatGPTpromptstowritea socialmediapost.Asyougainconfidence, integrategenerativeAIinplaceswhereit canaddthemostvalue,likeautomating routinetasks,enhancingcreativeprocesses orimprovingdecision-makingwith dataanalysis.
AIisn’tcoming–it’sarrived.Drivenby billionsininvestmentandsomeofthe brightestmindsontheplanet,it’sreshaping thebusinesslandscapeinwayswe’reonly beginningtounderstand.Choosingnotto integrateAIintobusinessoperationswouldbe likerefusingtousee-mailinthe1990s. Withoutit,youmightsoonfindyourselfina worldyoudon’tknowhowtoworkin.
InsteadofviewingAIasaloomingthreat,see itasanopportunitytotackleoldproblems withnovelsolutions.Yes,AIischangingthe businessplaybook,butit’salsoempoweringus todeliverextraordinaryvaluetoourcustomers innewways,dreambiggerandachievemore.
Do You Safeguard Your Company’s Data And Your Customers’ Private Information BETTER THAN Equifax, Yahoo And Target Did?
Iftheansweris“NO”–andlet’sbehonest,theanswerisno–youareleaving yourselfandyourcompanyopentomassiveliability,millionsinfinesandlost business,lawsuits,theftandsomuchmore
Why?Becauseyouareahacker’s#1target.Theyknowyouhaveaccessto financials,employeerecords,companydataandallthatjuicycustomer information–SocialSecuritynumbers,creditcardnumbers,birthdates,home addresses,e-mails,etc
Don’tkidyourselfCybercriminalsandhackerswillstopatNOTHINGtostealyourcredentialsAnd oncetheyhaveyourpassword(s),it’sonlyamatteroftimeuntiltheydestroyyourbusiness,scareaway yourcustomersandruinyourprofessionalandpersonallife
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Somethingisalwaysshakingupthebusiness world,whetherit’sCovid-19,revolutionarytech advancementslikeAIorafinancialrecessionAn unpreparedbusinessleader–neveraheadofthe game,emotionallyexhausted,financiallystressed andparalyzedbyfear–mayreacttothese disruptionsHowever,aleaderfocusedon cultivatinggoodhabitscanbuildresilienceand agilityintotheircoreoperations
MarcusLemonis–esteemedtitanofindustry, philanthropist,brainbehindthesuccessof CampingWorldandGoodSamEnterprises andstarofCNBC’sTheProfit–recently sharedhisphilosophyonleadershipandresilience atanindustryconferenceDrawingfrom Lemonis’sinsights,wedelveintoactionable ideasthatleaderscanusetoconfidentlynavigate anychallenge
Thekeytoanysuccessfulbusinessisemploying goodpeople.However,manyindustries,from healthcaretoeducation,areexperiencinglabor gapsLeadersareleftwonderingwheretheirnext goodhirewillcomefrom.Willtheyhireyoung peoplewithoutexperienceorrecruittalentfrom othercompanies?
Lemonissaysifyourecruitfromotherpeople, youcanexpectthemtodothesame“Wecreate thisrevolvingdoorofpeoplechangingallthe timeforthenextbestoffer.Thelabormarket knowsthat,andtheydon’tcareiftheybounce around,”hesays“Theproblemforourbusiness andourclientrelationshipsisthatbouncing aroundcreatesinsecurityforourcustomersit createsatrustproblem”
Lemonis’sadvice:Thinkabouthowyoucan createnewtalentinyourindustryWritejob descriptionsthatincludenotjusttechnicalskills butthetypeofpersonyou’relookingfor,their characteristics,disciplineDNAandEQ
yourclients?Howcanyoustacknewideasonto yourcurrentrevenuestreams?
Brainstormingnewideasiscriticaltosurvival, “becausesomewhereelse,there’saless sophisticated,lesscollaboratedroom… whiteboardingwhatnewthingstheycancome upwithtobeatyou,”hesays
DuringCovidrestrictions,Lemoniswas remindedofthepowerofbeingclosetothe peoplehecaresaboutandfocusingon relationshipsHeencouragesustocareforwhat mattersmost:ourhomesandfamilies.Ifthose aren’thealthy,yourbusinesswillfeeltheeffects Lemonissays,“Thehealthofyourhomeandthe healthofyourrelationshipsinyourhomearein directcorrelationwiththehealthofeverything elseinyourlife”
Anotherchallengewilleventuallyrockthe businessworldTakeLemonis’sadviceandfocus oncreatingnewtalent,fosteringinnovative thinkingandnurturingrelationshipsifyouhope tofacethisnextchallengewithgreaterresilience
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Ruben Vela IT LeaderThink Faster, Talk
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Keepingupwithcybercriminalsisliketryingto nailjellytothewall.Justasyouthinkyou’reupto speed,anewscamhitstheheadlines.Usingnew techinnovationslikeAI,scammersaregetting muchbetteratimpersonatingbanks,healthcare providersand…us.Thisyearhasbeenno exception,withaslewoffreshscamshittingcell phonesandbankaccountseverywhere.Hereare fourscamstowatchoutforthisyear.
Increasingly,cybercriminalsaretakingadvantage ofcellserviceoutagestoscamcustomers.It’s happeningallovertheUSwithAT&Tcustomers, who,afteranoutage,receiveboguse-mails offeringrefundsorcredits.
How to avoid it: Neverclickonlinksorpayment instructionsinane-mail.Alwaysverifythatany communicationfromaprovideriscomingfroman officialdomain,like@att.com,orcallAT&T directlyusingtheirofficialnumberorwebsite.
Grandparentscamshavebeenaroundforawhile, buttheFCCreportsmoreadvancedversions involvingimpersonatorsorAI“clones”usinga lovedone’svoice(usuallyagrandchild)and sometimesaspoofedcallerID.Thecallerclaimsto bealovedonewho’sinjailorhasbeeninan accident.Grandparentsareoftengivenaphony casenumberandareinstructedtocallanattorney. Iftheydo,aseriesofothercriminalsconspireto trickthemoutofthousandsofdollars.
How to avoid it: Ifyoureceiveanurgentcalllike that,callyourlovedonedirectlytoverifythatthey aresafe.Iftheydon’tanswer,callotherfamily memberstoseeiftheycanverifythesituation. Remember,thecriminalswilltrytoconvinceyou tokeepitasecret–don’t.
Banksreportednearly700,000instancesofcheck fraudin2022,accordingtoreportingbyAssociated Press.We’vetalkedaboutcriminalsstealingchecks frommailboxes,butrecentlythey’vestartedtaking picturesofchecksinstead.Thentheyuseoff-theshelfdigitaltoolstomakecounterfeitchecks, depositthedigitaloneusingamobilebankingapp orsellthechecksonline.
How to avoid it: Useyourcreditcardasmuchas possible.Whenapapercheckisunavoidable,skip yourmailboxandtakeitdirectlytothepostoffice.
In2023,astudybyJWSuretyBondsreported thatonein10Americanshadbeenavictimofa contractorscam,losinganaverageof$2,500. Thesescammersoftendemandup-frontpayments ordepositsandthenfailtocompletethework, deliversubstandardresultsordisappearaltogether, leavinghomeownersoutofpocketandwith unfinishedprojects.
How to avoid it: Ensurethecontractorislicensed andinsured,geteverythinginwriting,don’tskim thecontractandneverpaythefullfeeupfront.
Didyouknowthatwhenyousendsomeonea photofromyoursmartphone,youmightbe sharinginformationsuchaswhen,whereandhow thephotowastaken?Ifthatmakesyoufeel uncomfortable,youcanturnthisfeatureoff.Onan iPhone,openthephoto,taptheshareicon,then “Options."Switchoff“Location,”thentap“Done.” Youcanalsostoplocationtrackingaltogetherin Settings>Privacy&Security>LocationServices.
Scrollto“Camera”andtoggleto“Never.”Onan Android,clickthephotoyouwanttosend,tap “Details”(lookforathree-dotmenu)andselect “Removelocationdata.”