ChatGPT is Open for Business. Are Businesses Ready for ChatGPT?

ChatGPT is all the rage, and businesses are excited to take advantage of the promise of tools like generative AI and ChatGPT. Do they know where to begin?

The first thing to recognize and understand is ChatGPT is a tool, not a cure-all. Think of it as a powerful enhancement that can create an excellent starting point and help reduce the workload on specific tasks. It’s current capabilities have plenty of limitations; sometimes, it can generate inaccurate information, and systemic biases still exist.

Still, with some warnings and risks, ChatGPT offers many opportunities for businesses in these early stages. From drafting marketing content, brainstorming, and automating sales processes, to language translation and creating personalized customer engagement touchpoints. And with ChatGPT still in its infancy, there’s no telling how far up the sky will go.

ChatGPT isn’t only for the big kids in the playpen; small businesses are taking advantage, and many experts believe ChatGPT could benefit SMBs the most.

Web3 and emerging technologies pro Kelly Massad, CEO of Mainstay Digital, has followed the rise and proliferation of ChatGPT closely. What does he think of its capabilities for businesses thus far? Color Kelly impressed.

Kelly’s Thoughts

“My impressions of ChatGPT or any AI-driven tech in general over the past year or so have been quite impressive. We are noticing that business leaders are starting to implement these technologies in their corporations and companies to automate basic everyday tasks that bog down the employee on a day-to-day basis.

In turn, they’re able to enable their employees to operate faster, cheaper, and more efficiently than they have been in the past. And it’s allowing these companies to scale at a more rapid rate. Some applications they’re being able to be used for are, for example, massaging large data sets, taking those data sets, and making them more palatable and more analyzable in the end game.

They’re also able to generate personalized content for this rapid environment we find ourselves in, where you constantly have to come up with new ideas and new thought leadership for people to evangelize your product. And it’s also giving them the ability to make sense of product feedback within their environments, get issues ironed out within their products, and iterate upon those.

Effects are only beginning to show in the market, but they will only extrapolate more and more over time.”

Follow us on social media for the latest updates in B2B!

Image

Latest

thaly palanisamy as new president
Stenograph, LLC Announces Thaly Palanisamy as New President
May 22, 2024

Stenograph, LLC is pleased to announce Thaly Palanisamy as president. In his role, Mr. Palanisamy will guide Stenograph in executing its strategic vision: Empowering the capture, preservation, and accessibility of verbatim records. “Thaly’s leadership skills, combined with the Stenograph strategy deployed by our talented team, will ensure success as we charter our course for the…

Read More
rightnow media
Excellence Culture – Brian Mosley
May 22, 2024

“I like your word excellence better than greatness, because you don’t have to sacrifice everything in order to be excellent” – Brian Mosley Those were the words of Brian Mosley (President of RightNow Media) as we discussed the balance of family and leading an organization that is impacting people all over the world. If you…

Read More
safety culture
Nurturing and Growing a Sustainable Safety Culture
May 22, 2024

Applied Digital champions a proactive approach to workplace safety, empowering employees to take ownership of their health and safety. This video showcases our open-door policy, which allows employees to easily connect with environmental health and safety (EH&S) professionals via phone, email, or a dedicated helpline for support in any situation. We also highlight our…

Read More
executive leadership commitment to safety
Applied Digital’s Executive Leadership Commitment to Safety
May 22, 2024

This video explores the profound impact of Applied Digital’s executive leadership view commitment to safety. It highlights the key initiatives led by senior executives to foster a culture where safety is paramount. A standout strategy is the incorporation of a ‘safety moment’ at the start of every meeting, designed to heighten safety awareness from…

Read More