February 15, 2023
“Unlocking the Power of ChatGPT AI: How to Unleash Its Potential in Your Business,” titled by ChatGPT
You can’t open a website, browse a news channel or turn on the TV without hearing about ChatGPT Open AI. This name was new to most of us a few weeks ago, but with the recent addition of Microsoft and Google to the platform, we are aware of the “revolution” happening literally before our eyes.
My husband and I have always played with Alexa and Siri, asking silly questions and randomly dropping product names (“purple beds” or “Tuscany”) to see how long it would take for ads to start showing up in our news feeds, emails or social media feeds. We thought it was funny, with an underlying sense of curiosity and some fear. I believe AI today is a game changer. I decided to play around with it and let it help me write part of this blog. The photo-generated below, the title of this blog and the question below were all generated by ChatGPT AI. I love the image of potential that it sees in itself!
And The Answer Is…
While writing this blog, I asked ChatGPT this question to see what it came back with. Here is the question I asked with the AI response.
What are the advantages of ChatGPT in the plastics industry
- Increased Efficiency: ChatGPT can automate tedious, repetitive tasks, allowing plastics professionals to focus on more complex tasks and increase their efficiency.
- Improved Quality: ChatGPT can be used to quickly diagnose and troubleshoot issues, helping to ensure that plastic products are manufactured to meet quality standards.
- Cost Savings: The use of ChatGPT can help to reduce labor costs in the plastics industry, as robots and other automation can replace human labor.
- Increased Safety: By automating certain processes, ChatGPT can help to reduce the risk of injury to human workers in the plastics industry.
We all know these advantages to be well aligned with automation and technology, and I believe we should embrace this technology to see what great things it can lead us to.
“The businesses that understand the significance of this change – and act on it first – will be at a considerable advantage.”
As with anything new, it comes with much caution and concerns over misuse and abuse. We see this in the school systems where students use it for essays, tests and writing papers. I’m not sure everyone sees it the same way as we might.
If you have read the news in the past few weeks, you know that ChatGPT has just passed an MBA exam created by a professor at one of the world’s best business schools: the Wharton School at the University of Pennsylvania. That professor summarizes his experience with this new tool in a short article in which he asserts, “this is going to be big, and there is reason to believe we have only seen the beginning.” My immediate response to the news was wondering how it would disrupt learning. In the article, he writes, “it is a powerful tool to improve the teaching process, customize learning, making business more efficient, and save precious time that could be used more productively by humans.”
Ethan Mollick, a management professor at Harvard, shares his opinion in the Harvard Business Review that it can enhance learning and the ability to focus on the most important work and innovation. “We’re not going to get the toothpaste back into the tube, this technology is out there. It’s only going to grow. The idea that we could go back to the old world, it never works.”
On Thursday, it was announced that ChatGPT passed the US Medical Licensing Exam. We already have robotic surgeries; think about the diagnostic capabilities.
AI is a tool used to Enhance, not replace
As with new technology, it cannot do everything and is normally not designed to. AI is a tool that is not designed to replace us but to help us, allowing bandwidth for us to create, innovate and explore. Opening our minds and Artificial Intelligence (AI), by definition, is the ability of machines to perform tasks that would typically require human intelligence. See Barron’s article addressing how smart AI is.
007 vs ChatGPT
If ChatGPT has you on edge, streaming a James Bond movie may help allay any newly heightened fears about mankind vs the machine. According to an article a few years ago in Smithsonian Magazine, one reason for the success of the James Bond franchise is that the suave character soothes our anxieties about the power of humans in an increasingly technological world.
This fictional character is a global icon admired by millions. What explains 007’s enduring appeal?” The article’s authors suggest that when overcoming the bad guys and their superior technology, “In the Battle of Man Versus Machine, James Bond always wins,” and reminds us that we create and use technology, not vice-versa.
Chat GPT. More articles…
“Chat GPT is a tipping point for AI,” Harvard Business Review
“Chat GPT passed an MBA Exam. What’s next?” Wharton Article
“Chat GPT AI Open Chatbot,” Barron’s Article