AI Insights for Business Leaders: 8/30/2024
In the dynamic landscape of modern business, staying at the forefront of technological innovation is paramount to success. With these AI Insights, I’ll do my best to provide you with actionable insights, thought-provoking perspectives, and the latest AI news to help you harness the power of AI and lead your organization into the future. So, let’s dive in!
1. The End of Generative AI Hype? A Reality Check for Business Leaders
The initial excitement around generative AI may be fading some, but this may actually be a positive development. As the dust settles, a recent article highlights that we’re seeing a shift toward more realistic and sustainable AI adoption strategies. Businesses are recognizing that AI is not a magic bullet. Instead, they […]
AI: The New Co-Founder for Small Businesses? My Take
In today’s rapidly evolving business landscape, AI is emerging as a powerful tool for small businesses. A recent New York Times article, “How A.I. Can Help Start Small Businesses“, shed light on how generative AI is empowering entrepreneurs to launch and scale their ventures with unprecedented speed and efficiency. I was particularly intrigued by the stories of individuals like Steven Bright, who leveraged ChatGPT to navigate the complexities of starting his company, Skittenz. But overall, having grown up with both my parents being small business owners, the article’s core message resonated with me – AI has the potential to be a game-changer for small businesses seeking to leverage the power of this technology.
While the potential benefits are undeniable, it’s […]
Understanding AI History Teaches Us to Keep Hype-Cycles in Perspective
As of August 2024, almost two years after AI hit the cultural consciousness, it seems the AI-bubble may be starting to take some hits. Recently, Bloomberg News posted an article highlighting that some tech founders and investors are starting to question/wonder about AI’s profitability, etc. etc.
Well, here is case & point on why it’s so important for business leaders to have some basic understanding of the history of AI (or technology, for that matter).
AI, in particular, has gone through periods of rapid progress followed by an “AI Winter,” which is often caused by a lack of what we could call tech capacity (software, hardware limitations, etc.). We often go through hype cycles, and if the […]
About
Dr. Ryan Baltrip, Assistant Professor of Marketing at Old Dominion University and Associate Director of the Loyalty Science Lab, brings a blend of academic rigor and industry experience. With a background from the University of Florida, he has demonstrated strategic leadership and marketing success. A pioneer in online learning, Ryan has spearheaded over 50 programs serving 40,000+ students, generating $50M+ annually, and earning national accolades. Specializing in digital marketing, brand management, leadership, consumer behavior, and entrepreneurship, he’s dedicated to preparing future leaders by connecting academia with real-world business.
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