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Embracing the Power of Large Language Models: Transforming Finance and Empowering Professionals

The Horizons Tracker

Private equity firms and insurers were among the early adopters, utilizing these innovations for investment pre-screening and claims automation. As LLMs progressively permeate the finance industry, it is crucial to thoughtfully embrace and adapt to this transformative shift. Substitutes or complements? .”

Finance 115
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Is Your Organization Digitally Mature?

Leading Blog

Digital strategy isn’t just thinking of new initiatives that enable organizations to do business in the same way but slightly more efficiently. The point they make regard command and control has always been so, but in the industrial age you could get away with it, so it has become the baggage we have to deal with. I liked the metaphor.

Maturity 302
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The Complex Conundrum of Using ChatGPT at Work

HR Digest

Glassdoor has been consistently tracking the ChatGPT adoption rates ever since the AI came out and their numbers indicate that the use of the AI tool has gone up from 27 percent among the early adopters to 62 percent of professionals as of November. Regardless of industry, ChatGPT is finding room for itself in many a career.

Tools 59
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Gear Up for the Future: Outlining the AI Impact on Employment

HR Digest

Despite the significant research in the field and early adoption of specific tech like AI tools productivity, AI use is not as accessible for small and medium-sized businesses.

Tools 52
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The New Roadmap For Entrepreneurial Success

Eric Jacobson

Success with early adopters can be misleading and give founders unwarranted confidence to expand. Prior industry experience is very important for entrepreneurs targeting some markets, but less important for other markets. If you launch a beverage brand or a fashion apparel company, industry experience is super valuable.

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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business Review

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Rather, they can become early adopters of the technology.

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Most Industries Are Nowhere Close to Realizing the Potential of Analytics

Harvard Business Review

And yet for all the hype, most industries have still not come close to realizing the full potential of data and analytics. Lurking behind these numbers are glaring disparities in performance between a few firms at the cutting edge and the average company in any given industry. Those disruptors are right around the corner.