g-f(2)2894 Unlocking AI's Potential: Strategic Insights from 20 Forbes Articles on the AI Revolution

 

g-f Fishing on the AI Revolution for the Week of 9/14/2024

genioux Fact post by Fernando Machuca and ChatGPT

Introduction:

The g-f Fishing collection of 20 Forbes articles on the AI Revolution for the week of September 14, 2024, presents a comprehensive overview of AI's transformative impact across industries. From finance to HR, marketing to strategic planning, these articles reveal how AI is reshaping business processes, driving innovation, and fostering human-AI collaboration. This collection highlights Breaking Golden Knowledge (g-f GK) from AI thought leaders, providing essential insights into how organizations can harness the potential of AI to stay competitive in the digital age.

genioux GK Nugget:

"AI is not here to replace human ingenuity but to enhance it—unlocking new possibilities, boosting efficiency, and driving innovation across every sector of the digital age." — Fernando Machuca and ChatGPT, September 14, 2024

genioux Foundational Fact:

AI is a game-changer, but its true power lies in collaboration with human expertise. Across various industries, from finance to marketing, AI is transforming operations, personalizing customer experiences, and offering strategic insights. However, organizations must strike a balance between human judgment and AI capabilities, leveraging AI's ability to analyze vast data sets while keeping human creativity and critical thinking at the forefront.

The 10 Most Relevant genioux Facts:

1. AI in Finance: AI's ability to enhance fraud detection, streamline operations, and personalize customer experiences is transforming the financial industry (Kathleen Walch, Forbes).
2. Becoming Irreplaceable: Human qualities like creativity and critical thinking remain irreplaceable in the AI age, as highlighted in Pascal Bornet’s new book Irreplaceable (Bernard Marr, Forbes).
3. AI and Human Collaboration: The future of digital transformation lies in mastering the art of human-AI collaboration, not just adopting technology (Sadagopan S, Forbes).
4. Creativity Enhanced by AI: While AI can’t replace human creativity, it acts as a powerful multiplier that enhances innovation (Joe McKendrick, Forbes).
5. AI-Powered PCs: AI-capable PCs are becoming a mainstream reality, driven by competition among tech giants like Intel, AMD, and Qualcomm (Beth Kindig, Forbes).
6. AI for SMBs: AI is revolutionizing small and medium-sized businesses (SMBs), especially in marketing, by increasing efficiency and reducing costs (Phil Portman, Forbes).
7. AI in HR: AI is transforming HR processes, from recruitment to talent management, ensuring that humans focus on strategic tasks (Darren Burton, Forbes).
8. AI for Strategic Planning: While AI can identify strategic opportunities, human oversight is essential for making final decisions (Lance Eliot, Forbes).
9. AI in Personalization: AI-powered strategies, such as multi-layered customer data analysis, are improving personalization for subscription businesses (Vasudeva Akula, Forbes).
10. AI’s Limits: Despite AI’s ability to provide insights, human judgment is crucial for evaluating AI-driven recommendations, particularly in forecasting (Megan Poinski, Forbes).

Conclusion:

AI is reshaping industries at an unprecedented pace, but its success hinges on its collaboration with human expertise. This collection of 20 Forbes articles reveals that while AI offers powerful tools for efficiency, personalization, and strategic insight, human creativity, critical thinking, and judgment remain at the core of its successful implementation. By understanding AI’s strengths and limitations, organizations can unlock its full potential and drive sustainable growth in the AI-driven digital age.

REFERENCES

The g-f GK Context

The genioux facts program has established a robust foundation collection of over 2,893 Big Picture of the Digital Age posts [g-f(2)1 - g-f(2)2893]. To keep the state-of-the-art of the AI Revolution updated, we present a collection of 20 articles from g-f Fishing on the AI Revolution for the week of September 14, 2024, on Forbes. This collection features Breaking Golden Knowledge (g-f GK), providing valuable insights and advancements in the field.

Classical Summary of the Context:

The genioux facts program continues to keep the state-of-the-art of the AI Revolution updated by curating and extracting Breaking Golden Knowledge (g-f GK) from cutting-edge sources. For the week of September 14, 2024, the program presents a collection of 20 insightful articles from Forbes that delve into the various dimensions of AI's transformative impact on industries, business strategies, and the future of work.

This collection addresses key themes, including how AI is reshaping industries like finance, human resources, and subscription businesses, and offers insights into the evolving human-AI collaboration. The articles also explore how AI enhances creativity, drives personalization, and helps solve niche business challenges. Additionally, the collection provides strategic knowledge on AI's implementation, the challenges companies face in AI adoption, and the future trends in AI technologies like Google's Project Astra and AI-powered PCs.

In essence, this collection equips business leaders, professionals, and individuals with essential knowledge to navigate the AI-driven landscape, ensuring they are prepared for the profound changes AI brings to business operations, decision-making, and human potential.

The Collection of 20 Articles from g-f Fishing on the AI Revolution for the Week of 9/14/2024

1. Bernard Marr, How You Become Irreplaceable In The Age Of AI, September 13, 2024.
• In a world where artificial intelligence is rapidly advancing, many of us are left wondering: Will AI take our jobs? Will it capture the attention of our children? Could it even strip away our humanity? These are the pressing questions of our time, and they're at the heart of Pascal Bornet's new book, "Irreplaceable: The Art of Standing Out in the Age of Artificial Intelligence."
• I recently had the pleasure of interviewing Bornet about his book and his insights on thriving in an AI-driven world. His perspective is both enlightening and reassuring: AI, when approached correctly, can actually make us more human and more valuable in the workplace.
• Ultimately, becoming irreplaceable in the age of AI is about something other than outperforming machines at their own game. It's about excelling at being human – with all the creativity, critical thinking, and authentic connection that entails. As we continue to push the boundaries of what's possible with AI, let's not forget to push the boundaries of our human potential.
2. Kathleen Walch, How AI Is Transforming The Finance Industry, September 14, 2024.
• The financial industry is well known for being data-driven and embracing emerging technology to provide efficiency, and cost savings, detect fraudulent activity and keep operations running smoothly. So, it should come as no surprise that the industry is embracing AI as a tool for innovation and efficiency. Financial firms are using AI in a variety of ways to improve operations, enhance the customer experience, mitigate risks and fraud detection. As AI continues to evolve and the adoption of AI grows, new levels of efficiency, personalization, and monitoring are emerging.
• AI is transforming the finance industry, bringing new levels of efficiency, personalization, and monitoring. By streamlining operations, enhancing the customer experience, and mitigating risks and fraud, AI is helping the industry navigate an increasingly complex and dynamic landscape.
3. Sadagopan S, Balancing AI And Human Expertise: The Key To Impactful Digital Transformation, September 12, 2024.
• Artificial intelligence (AI) is reshaping industries and redefining the way we work. The global AI market size is expected to reach $1,811.75 billion by 2030. Even as we integrate AI into our business processes, the value of human expertise is irreplaceable.
• The scale of this digital transformation is significant. Almost 40% of global employment is exposed to AI. In advanced economies, the potential impact is even more pronounced, with approximately 60% of jobs being transformed by AI.
• The future belongs to those who can master the art of human-AI collaboration. It's not just about keeping up with technology; it's about leading the way to create a future where technology enhances our humanity rather than diminishes it.
4. Joe McKendrick, AI Can’t Replace Creativity, But It Certainly Can Enhance It, September 12, 2024.
• Creativity and an ability to innovate may be the most valuable career skills one can have in today’s digital world.
• For instance, 75% of hiring managers in a new survey from Canva say creativity is important when making hiring decisions. A majority of the 917 managers (57%) place creativity among the top three most sought-after skills in job candidates, alongside problem-solving (58%) and communication (55%).
• Keep in mind that “every AI journey is different — based on the organization’s starting point, purpose, and business landscape,” Adrian McKnight, chief digital officer at WNS, told me. “AI acts as a powerful multiplier alongside human effort. Its true potential can be realized when it's used in tandem with human capabilities.”
5. Lance Eliot, Making Logical Sense Of The Newly Launched OpenAI ‘o1’ Model That ‘Thinks’ Longer And Keeps Hidden Its Ace-In-The-Hole Chain-Of-Thought, September 13, 2024.
• There is some exciting news for those of you following the hottest trends and advances in AI. Hang onto your hat. Tighten your seatbelt.
• OpenAI, the maker of famed ChatGPT and GPT-4o, released their newest generative AI that they’ve given the name of simply ‘o1’ and that some in the marketplace have been referring to as GPT-o1 for the sake of familiarity with informal naming conventions.
• This model is designed to “think” longer and employs a hidden chain-of-thought mechanism, which enhances its reasoning capabilities. The article explores how this innovative approach allows the model to process information more deeply and produce more coherent and logical outputs, making it a significant advancement in the field of artificial intelligence.
6. Anshel Sag, Pixel 9 Launch: Google’s Approach To AI Becomes Clearer, September 13, 2024.
• The article discusses Google’s cohesive strategy for integrating AI across its Pixel devices. The launch of the Pixel 9 showcased the deployment of Gemini AI, enhancing features like noise canceling and audio quality in the new Pixel Buds 2 Pro. The event highlighted Google’s commitment to leveraging AI to improve user experience across its product lineup.
7. Beth Kindig, AI PCs Have Arrived: Shipments Rising, Competition Heating Up, September 12, 2024.
• Chipmakers Qualcomm, Intel, and AMD are working to bring AI-capable PCs to the “mainstream”, delivering powerful neural processing units to PCs for on-computer AI operations. AI PCs are not only a consumer market, rather will also be driven forward by enterprises and developers seeking to upgrade their employee PCs. This being one of the biggest upgrade cycles in PC history, competition has heightened as Q3 comes to a close.
8. Jack Kelly, How Salesforce AI Agents Can Be Your Superpower, September 12, 2024.
• Although artificial intelligence is widely perceived as a looming threat to the livelihoods of humans, it also possesses the capacity to be a transformative superpower that amplifies human potential in the workplace. Those who proactively learn to work alongside AI may be better positioned for career advancement and success in the long term.
• Human judgment remains essential for making complex and nuanced decisions. “Humans are not going anywhere; they are crucial for reviewing escalations, making final decisions, and closing business deals. Salesforce is ensuring that humans supervise and are empowered by autonomous AI agents to drive customer success and business results while doing the best work of their careers,” said Shih.
9. Megan Poinski, What CIOs Say Is In The Way Of Successful AI Implementation, September 12, 2024.
• As AI becomes less of a far-off technological idea and more of an actual platform companies can readily implement, CIOs are making a potentially unexpected discovery: They’re not ready for it.
• According to a new study from AI platform optimization provider Riverbed, 94% of C-suites make AI a key focus, with adoption being led from the top. But just 37% say they are actually ready to implement AI now. Organizations say they will be ready shortly—86% expect to be fully prepared to implement AI projects in three years.
• The big issue standing in the way of successful enterprise AI platforms is likely data. Nearly one in four AI projects is underperforming company expectations, and Riverbed suspects that is a data issue. After all, 85% say that good data is vital to quality AI, but about half of that number said a lack of high-quality internal data will keep them from investing more in AI. Companies’ view of their own data is especially low in the financial services industry, where only 36% said their data is excellent when it comes to quality and completeness, and 34% feel that way about its accuracy and integrity.
10. Stephen DeAngelis, For AI Adoption Success, Focus On These Five Critical Value Drivers, September 13, 2024.
• Artificial intelligence (AI) has emerged as a transformative force in the business world, offering extraordinary potential to unlock new capabilities and competitive advantages across enterprise environments. Yet as organizations invest billions in AI initiatives to improve large-scale operations, many find themselves grappling with a sobering reality: AI projects are not guaranteed success. Many, in fact, have failed to realize their anticipated business value.
• A 2023 study cited by Harvard Business Review found that while nearly 90% of global companies had an AI-based digital transformation project underway, these efforts only captured 31% of their expected revenue lift and 25% of expected cost savings. In June, Gartner’s Hype Cycle for Artificial Intelligence, 2024 indicated a similar sentiment, notably stating that generative AI (GenAI) is entering the infamous “trough of disillusionment” phase where interest wanes as a breakthrough technology fails to deliver. On July 29, Gartner doubled down on that assertion, predicting that at least 30% of GenAI projects will be abandoned after proof of concept by the end of 2025.
11. Karen Abramson, CFOs: Why Your Team's Buy-In Is Key To Driving ROI From AI, September 12, 2024.
• Artificial intelligence (AI) is quickly changing how the business world works, and finance functions are no exception. The promise is tempting: As AI-fueled automation takes over routine, repetitive tasks and further accelerates analytics, finance teams will be far more instrumental in high-value tasks like solving complex business problems and guiding strategy.
• Gartner, Inc. predicts that "by 2026, finance organizations with more than three years of AI skills investment will double the productivity over organizations with no AI skills." Tempting claims like that are likely why finance organizations are 71% more likely to purchase software platforms with embedded AI features, and KPMG research found that 72% of companies are currently piloting the use of AI in their financial reporting.
• Even so, Gartner found that only 10% to 30% of finance organizations report they're actually realizing significant benefits from their AI investments.
• Limited AI skills and talent, poor knowledge of AI technology, and staff worries about displacement are some of the top challenges that finance organizations face when implementing AI. That's why leading AI-enabled innovation starts with building your team's AI IQ.
12. Martin Taylor, Want To Maximize Your AI Investment? Find An AI Partner, September 12, 2024.
• The honeymoon period for artificial intelligence (AI) is over. Almost two years after OpenAI launched ChatGPT to much fanfare, questions are now being asked about the role of AI, the value it delivers to businesses, and which implementations are worth pursuing, especially with regulatory compliance proving more challenging than some had expected.
• According to Gartner, 30% of generative AI projects will be scrapped following proof of concept by the end of next year, citing "poor data quality, inadequate risk controls, escalating costs or unclear business value."
• It isn’t just the private sector that is reevaluating; the U.K. Government has paused AI projects, amounting to £1.3 billion. As a result, AI innovators such as OpenAI are also feeling the pinch, with $5 billion in losses predicted this year.
• To successfully unlock the benefits of AI, organizations need a partner that understands the evolving AI sector while keeping in mind the needs of the end-user business, to avoid AI buyer’s remorse.
13. Ravi Tenneti, A Recipe For Success: Targeting Niche Problems With AI Deployment, September 9, 2024.
• The article emphasizes the importance of focusing AI projects on specific, high-impact problems rather than attempting broad, sweeping implementations. By targeting niche challenges, companies can maximize their return on investment (ROI), ensure faster adoption, and achieve more meaningful results. The article highlights that addressing niche problems often leads to significant improvements in efficiency and effectiveness, as demonstrated by successful AI deployments in areas like diagnostic imaging in radiology.
14. Phil Portman, Top Five AI Use Cases For SMBs To Grow Their Business, September 11, 2024.
• Artificial intelligence has emerged as a game-changer for businesses across verticals. Marketing, health tech, development, human resources, restaurants, and other industries can use AI for a variety of purposes. As I previously discussed the top five AI use cases and trends, I’ll share my insights on the top five AI use cases for SMBs to grow their business.
• According to a report, 91% of SMBs have experienced success after using AI. Sixty percent of SMBs used AI in marketing and have reported saving time and money and seeing higher work efficiency. Moreover, 58% of SMBs are expected to save around $1,000, and 28% are expected to save over $5,000 this year.
• I feel AI is going to play a bigger role for SMBs as advancements like machine learning and NLP can enable more sophisticated and efficient business processes. Embracing these innovations will give you a competitive advantage and drive business growth in this AI age.
15. Darren Burton, From Tradition To Transformation: Embracing AI-Driven Disruption In HR, September 11, 2024.
• For the last two years, I’ve had a front-row seat to what is perhaps the HR industry’s most comprehensive makeover on record. It’s a movement driven by the power of artificial intelligence and its ability to continually change the future of work for the better by amplifying human efforts.
• Within the HR space, AI is more than a buzzword; it's a transformative force reshaping how talent is managed. As skills requirements continue to change, employees must adapt and make adjustments to keep up with the ever-changing landscape. It’s becoming clear that, despite any initial hesitations, AI is a promising ally to help us keep pace with the demands and talent needs of modern business.
• To learn as much as you can about AI transformation, I strongly encourage you to seek out organizations that are currently using it to connect their talent and candidates to as many career and growth opportunities as possible. Engaging with industry peers (whether in person, on professional platforms or at conferences) can enhance collaboration and encourage you to stay ahead of the curve. As a result, you'll be able to increase speed and efficiency across the lifecycle of employment by providing people with more opportunities to grow, lead and succeed.
16. Bernard Marr, Why Apple Intelligence Sets A New Gold Standard For AI Privacy, September 11, 2024.
• In the rapidly evolving world of artificial intelligence, privacy concerns have become a hot-button issue. As AI systems become more integrated into our daily lives, they also gain access to more of our personal data. This has left many wondering: can we have powerful AI without sacrificing our privacy? Apple's answer, with its new Apple Intelligence system, is a resounding "yes."
• As consumers, we should be paying attention. The choices we make about which AI systems to use will shape the future of this technology. By supporting privacy-focused approaches like Apple Intelligence, we're voting with our wallets for a future where our personal data remains personal.
17. Peter Pluim, Embracing The Power Of Human And AI Collaboration To Create New Opportunities, September 10, 2024.
• The article highlights the potential of AI to enhance human capabilities rather than replace them. By leveraging AI for repetitive and time-consuming tasks, employees can focus on more strategic and creative work. This collaboration between humans and AI leads to increased productivity, innovation, and job satisfaction, ultimately creating new opportunities and roles in the workforce.
18. Gene Marks, This Two Minute Video From Google Shows How AI Will Soon Turn Your Company Upside Down, September 13, 2024.
• Whenever a client asks me how AI is going to impact their business I always do the same thing: point them to this video. It's only three months old, and just two minutes long. But if you're a business leader and want to know what’s coming, it’s a must-watch.
• The video shows a Google Project Astra developer who points her smartphone at different objects and the “agent” - a Google AI application - explains what it's seeing. Very (and eerily) accurately. When asked, it points out a speaker that makes sounds, it creates an alliteration by looking at a group of colored pens, it immediately reads code from a screen and explains what the code is doing, it identifies the location outside her office window as Kings Cross, London and it even remembers where she left her glasses.
19. Sol Rashidi, How To Use AI As A Business Owner—Or If You Have A Side Business, September 14, 2024.
• Yes, artificial intelligence is everywhere! We can’t seem to turn on the TV, look at social media, or even read an article without mentioning AI. The reality is that some give a sci-fi depiction of AI. In contrast, others are more riddled with research. However, there are applications that we can apply to everyday life whether you’re a business owner, entrepreneur, or someone who runs a side business and has limited time but still wants to stay ahead of the curve.
20. Vasudeva Akula, AI Strategies For Improving Personalization At Subscription Companies, September 11, 2024.
• The article outlines four key AI-powered strategies to enhance personalization efforts. These include enabling multi-layered analysis of customer data, deploying multiple predictive models, integrating structured and unstructured data, and ensuring actionable intelligence. By systematically applying these strategies, subscription businesses can improve customer retention, increase customer lifetime value (CLV), and drive AI-driven transformation.

The categorization and citation of the genioux Fact post

Categorization

This genioux Fact post is classified as Breaking Knowledge which means: Insights for comprehending the forces molding our world and making sense of news and trends.

Type: Breaking Knowledge, Free Speech

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“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2894, Fernando Machuca and ChatGPT, September 14, 2024, Genioux.com Corporation.

The genioux facts program has established a robust foundation of over 2893 Big Picture of the Digital Age posts [g-f(2)1 - g-f(2)2893].

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