August 10th, 2024
Hey there, AI adventurers and explorers—welcome to the 6th edition of GenAI and the YOLO Future, where we cut through the hype and uncover the real value driving today’s tech revolution!
In a world where hype often overshadows substance, finding genuine value amidst the noise is like discovering a hidden gem—rare, but incredibly rewarding.
This week, we’re diving deep into the ways AI is transforming the business landscape, from financial reporting to sales strategies. We’re spotlighting the 2023 Gartner Hype Cycle for Revenue Technology, offering insights on how sales professionals can harness AI tools today, even as the hype continues to build.
We’ve also rolled out some fresh “Prompt Lib” examples to supercharge your AI projects and explored the latest developments in AI-driven search engines, including the buzz around SearchGPT. Plus, we’re inspired by the innovative ways AI is influencing industries—from influencer marketing to executive decision-making. Keep reading to uncover the cutting-edge advancements that are reshaping the future of work!
What's Inside
- GenAI Stats of the Week
- Join The Conversation
- AI Tips of the Week
- The Latest News
- Announcements
- Tools You Can Use
- The GenAI Crossword
- Just One More Thing
GenAI Stats of the Week
Join The Conversation
AI Hype vs. Value: What can we do today? Why wait for tomorrow?
This week, we reacted to the 2023 Gartner Hype Cycle for RevTech (technologies that are used in sales to generate revenue). We discussed how it offers a fascinating glimpse into how innovations like AI, automation, and data analytics are shaping the future of sales. This cycle, which highlights the journey from initial excitement to practical value, shows that while generative AI for sales is at peak hype, the full benefits may take 2 to 5 years to materialize. However, there's no need to wait—sales professionals can already leverage AI tools to enhance communications, automate sequences, and enrich company data.
Key Highlights
- Gartner’s Role and Evolution
- The Gartner Hype Cycle
- Examples of Revenue Technologies Reaching Maturity
- But what about Generative AI for Sales
Ready to level up your sales game? Read the full article for an in-depth exploration here:
Gartner 2023 Hype Cycle - All Things RevenueTech & What it means for Generative AI for Sales
AI Tips of the Week
This week's tips look a little bit different, as we dove into looking at AI Profiles and expanding our Prompt Lib knowledge. Here is a closer look into what we discussed this week:
AI Profile – Dream Studio
- Company: Stability AI
- CEO: Prem Akkaraju
- Type: Advanced Text-to-Image Generator
Key Strengths:
- Artistic and creative projects
- Visual content creation for blogs and social media
Prompt Libs Examples:
- Artistic Projects: "Generate an artistic drawing of _______________ <<subject>> in a _______________ <<art style>>."
- Concept Art: "Design concept art for a _______________ <<type of game or animation>> featuring _______________ <<scene or character>>."
Key Features:
- Free to use with limitations
- High-quality image generation from text prompts
Versions:
- Dream Studio 3: Announced in June 2024, offers ultra-realistic and highly detailed images.
Community & Support:
- Stability AI’s community forums
- Extensive documentation available
Read more here: https://greendata.io/blog/ai-profile-all-about-dream-studio-stable-diffusion
Prompt Lib:
This week's Prompt Lib is to inspire the professional always seeking to revise, update, and grow their work. With Generative AI, you can provide new ideas and feedback to adapt your work and excel into greatness.
The Prompt:
Create a ____ (sales pitch, marketing campaign, promotional message) for our new ____ (product, service, offering), and then revise it based on feedback from our ____ (sales team, marketing team, customer feedback) and initial ____ (customer reactions, market response, user feedback).
How To Use:
Create a PROMOTIONAL MESSAGE for our new SERVICES, and then revise it based on feedback from our MARKETING TEAM and initial CUSTOMER FEEDBACK.
The Latest News
How Influencers Can Take Advantage of the AI Hype
Generative AI is reshaping influencer marketing by enabling brands to efficiently identify relevant influencers, generate personalized content, and create AI-driven influencers that maintain a consistent brand voice. As Praveen Gujar notes, "Generative AI can analyze influencer content, audience demographics, and engagement data to pinpoint the most relevant influencers for a brand or campaign." While the future of influencer marketing looks promising with AI, ethical considerations like transparency and bias must be addressed.
To read more, visit: www.forbes.com/councils/forbestechcouncil/2024/08/15/revolutionizing-influencer-marketing-with-generative-ai-strategies-implications-and-the-future/
Understanding the AI Hype: Why Business Executives Need to Get Involved
Chris Hillman, Data Science Director at Teradata, highlights that many AI projects fail not due to technical issues but because business executives lack a proper understanding of AI models. He argues that AI success hinges on executives' ability to grasp AI's role, engage in the development process, and make informed decisions based on AI outputs. Hillman suggests that real-world use cases are more effective in educating executives than traditional courses, emphasizing the need for strong business sponsorship to drive AI initiatives.
To read more, visit: www.techrepublic.com/article/teradata-chris-hillman-ai-initiatives-failing
Announcement
The Runway ML Whiteboard - GenAI meet Video, Video meet GenAI
Why settle for ordinary when you can create the extraordinary? Join us in our shared Whimsical playground, where Runway ML puts the power of AI in our collective hands—let’s redefine what’s possible, together.
Below is just part of this shared Whimsical experience - contact us to get access to the whole thing at (https://greendata.io/contact-us), or send a DM, and we'll invite you to the Whiteboard where we can collectively spread the “Golden Prompt Goodness.”
For a preview: https://whimsical.com/genai-cheat-codes-M4CtPyTbzs55DuBGor9aoN@2bsEvpTYSt1Hj8F4zfQpLPaU3p8QjDX7Pu5
Tools You Can Use
Just a reminder: GreenData Ventures & SalesPlayX AI Superhero Team Up!
If you’re an entrepreneur, CEO, or sales leader looking to boost your team’s performance, SalesPlayX and GreenData Ventures have partnered to provide AI-driven solutions that streamline sales processes and enhance win-rates. Their platform automates repetitive tasks, allowing sales teams to focus on building relationships and closing deals. With AI-powered insights, data enrichment, and personalized messaging, this partnership empowers sales professionals to work smarter, achieve higher job satisfaction, and unlock their full potential. Ready to level up your sales game?
Connect with us to learn more! (https://greendata.io/contact-us)
The GenAI Crossword
The Digital Universe
Ready to test your knowledge on the cutting-edge world of AI and business? Dive into our latest GenAI Crossword Puzzle, where this week’s clues center around the dynamic forces shaping the future for C-Suite leaders, marketers, and data scientists alike. Whether you’re tackling terms like “path of enlightenment” or figuring out who leads Dream Studio, this puzzle will challenge your understanding of the intersection between technology and enterprise. So, grab your thinking cap and see if you can navigate through the maze of AI concepts and business insights! Good luck!
Just One More Thing...
The topic of "GenAI-first UX" is starting to bubble up in the world. You could make some arguments that this was the point of chatbots in the past - but you know - chatbots really didn't quite get us there:
- Chatbots often could not come up with a reasonable interpretation of the user's intention and therefore struggled to be responsive - often resulting in dumb default responses
- UX designers started incorporating buttons and menus into the chat experience which just took us right back to where we started - a screen full of menus, paths and buttons to navigate to where we needed to go.
- If none of that worked, we got dumped to a search box. Ugh.
Ok - so what's changed? Well. Large Language Models are getting us a lot closer to interpreting correctly the questions being asked and coming back with the answers desired.
Yay. So, what does that mean?
Well, first of all, it means that I don't have to learn every navigation experience on the planet. have you ever done a deep dive into Salesforce or Microsoft Office? How many menu items do you know how to use? 20 or so of the most common ones that come up in your work daily? If that? Or do you just spend 5 minutes each time you need to get something done trying to quickly scan through things to find what you want? I mean - really - is that the best way we can spend our time?
What about when you get a business card from someone? Connect with them on LinkedIn? Look them up on Insta or TikTok or YouTube?
Honestly - I want the tech to take me where I need to go and help me get the job done. JARVIS right? Tony Stark - you out there somewhere?
Ok - so it's not quite there yet. But for us to get there in the first place, it's going to take a lot of people thinking in this way - let's not let "GenAI-first UX" languish on the shelf.
Read more at: So long, point-and-click: How generative AI will redefine the user interface | ZDNET and https://uxdesign.cc/transforming-ux-with-generative-ai-7b06ea329286
