Increasingly, large and small corporations are realizing the benefits of artificial intelligence (AI) resources. The Nashville Area Chamber of Commerce recently emphasized the potential of AI to its 2,000 members, citing abilities to streamline businesses, enhance customer engagement, and deliver vital insights through data analysis.
Despite the appeal of AI’s capabilities, currently, only 5% of corporations are utilizing it. However, as more industries recognize its potential benefits, this figure is expected to grow.
Nashville Chamber champions AI in corporations
Yet, obstacles such as the need for extensive datasets and technical expertise have slowed widespread adoption.
Economic analysts anticipate significant changes in economic behaviors due to AI, with impacts expected within a five-year period. Automation driven by AI may lead to job displacement, but also create new opportunities in various sectors, signalling a possible shift towards a more technology-centric economy.
A co-president at Win-Tech, Allison Giddens, is integrating the AI tool, ChatGPT, into her daily operations to improve efficiency and communication within her team. Recognizing AI’s vast potentialities, she ensures that Win-Tech remains a forward-thinking player in aerospace manufacturing.
At the Nashville Area Chamber of Commerce’s recent meeting, CEO Ralph Schulz expressed businesses’ eagerness to understand how AI can benefit their operations rather than fear it. With such meetings, the Chamber aims to bridge this knowledge gap, encouraging a wider acceptance and integration of AI into business operations.
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