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Advisory Spotlight: Benefits of Using ChatGPT

In today’s fast-changing digital world, new technologies like ChatGPT are changing how we do things, making tasks easier and faster. ChatGPT saves time and can be used in many different ways, helping us be more productive and creative in different areas.

Save time writing anything

ChatGPT and other Generative AI can help us save time through efficiencies:

Create content from a simple prompt, crafting the response via further “conversation”
Perform quality research and interpretation with the proper prompts
Prepare financial and other analysis via submission of data
Organize things via submission of data
Quickly generate shopping lists based on meal plans.
Create personalized workout routines tailored to specific goals.
Draft concise and professional cover letters for job applications.
Summarize long articles or reports into key points.
Plan travel itineraries with local attractions and dining options.
Develop custom study guides for academic subjects.
Automate responses for common customer service inquiries.
Craft engaging social media posts for various platforms.
Organize daily tasks and set reminders for important deadlines.
Translate text between multiple languages instantly.
Develop travel itineraries based on your interests and budget

Just ask for help with the right prompt, keeping in mind some cautions such […]

By Linkenheimer LLP|2024-02-13T19:02:25+00:00February 13th, 2024|Advisor, Tech|0 Comments

Tech Tuesday: AI and ML- Transforming Small and Medium-Sized Businesses for Efficiency and Growth

Introduction

For small and medium-sized businesses (SMBs), adopting Artificial Intelligence (AI) and Machine Learning (ML) is no longer a luxury but a necessity for staying competitive. These technologies offer a range of benefits, from automating mundane tasks to providing deeper insights into business operations. This article explores practical ways our SMB clients can gradually implement AI and ML, leading to improved work-life balance, enhanced efficiency, and better client services.

Leveraging AI and ML in SMBs

Automating Routine Tasks: One of the most immediate benefits of AI for SMBs is the automation of routine, time-consuming tasks like data entry, note taking, scheduling, and customer inquiries. Tools like chatbots can handle basic customer service questions, freeing up time for more complex tasks. AI-driven software can also manage scheduling and reminders, improving time management and work-life balance.
Enhanced Data Analysis: ML algorithms can analyze large sets of data to extract meaningful insights about business trends, customer preferences, and market opportunities. This deep analysis, which would be time-consuming and complex for humans to perform, can inform strategic decisions and help tailor services to meet client needs more effectively.
Predictive Maintenance and Inventory Management: For businesses with physical assets […]

By Linkenheimer LLP|2023-12-05T16:24:56+00:00November 28th, 2023|Tech|0 Comments

AI for Small to Midsize Businesses Isn’t Going Away

Artificial intelligence (AI) has made great inroads into certain sectors of the U.S. economy. However, it hasn’t reached many small to midsize businesses (SMBs) in a major way … yet.

In 2021, AI analysis firm Unsupervised published a survey of 520 SMB owners that found 48% of them still found AI too cost prohibitive. Forty percent said their businesses lacked the staff expertise to use it. But the survey also found that one in five owners were implementing some form of AI, and 20% of respondents already using AI believed it had increased their profitability.

Defining the term

People sometimes confuse AI with data analytics or the application of intense mathematics. It’s so much more. AI generally refers to using computers to perform complex tasks typically thought to require human intelligence — for example, image perception, voice recognition, decision-making and problem solving.

Several types of technologies fall under the AI umbrella. One is machine […]

By Linkenheimer LLP|2022-04-08T21:02:09+00:00April 8th, 2022|technology|0 Comments