Artificial intelligence (AI) is a hot topic in the world of technology, but what exactly does the future hold for it? To gain some unique insights into the space, we have conducted a series of interviews with experts in the field. In our first interview, we speak with Chris Penn, co-founder and chief data scientist at TrustInsights.ai, to discuss the impact of AI on martech and what business professionals need to know about it.
The first thing to understand about AI is that it is essentially a language model. Its strength lies in its ability to process and understand language, but it is not equipped to handle tasks that are not language-based, such as mathematics. However, language is the foundation for almost everything, and we are now seeing more and more companies incorporating language models into their software packages and APIs.
For example, Adobe has integrated generative AI prompting into their software, allowing users to interact with it and have their prompts rewritten into Adobe's scripting language for better operation. Microsoft also uses language models in their search engine, Bing, to translate queries and generate results. This trend is becoming increasingly prevalent in the martech space, and companies that do not adopt it risk falling behind.
When it comes to using AI, there are two essential factors that businesses need to consider: data and ideas. AI works best when it has a large quantity of data to analyze and compare, and it also requires a steady stream of fresh ideas to generate new content. This means that businesses need to have both a strong data strategy and a creative mindset to make the most of AI.
However, there is a gap in understanding when it comes to how to effectively utilize AI. Our education systems are not preparing students for the modern reality, and this is compounded by the fact that AI can now perform tasks that were previously thought to require human intelligence, such as writing term papers. As a result, businesses need to focus on training their employees to think critically and generate ideas, while also partnering with AI tools to bring those ideas to life quickly.
For professionals looking to leverage AI in their work, learning how to code is a valuable skill to have. While AI can generate code, it still requires human input and understanding to be effective. Additionally, there are ongoing developments in AI technology, such as multimodal models and agent networks, which will greatly improve its capabilities in the next 12 months.
However, there are also risks to using AI that businesses need to be aware of. AI should never be left to operate unsupervised, especially when interacting with customers. It is also important to not rely too heavily on AI and underestimate the value of human creativity and critical thinking.
In conclusion, AI is revolutionizing the martech space and businesses need to adapt to stay ahead. By understanding the capabilities and limitations of AI, investing in data and ideas, and training employees to effectively work with AI, businesses can harness its power and drive success in the future.
Originally reported by Martech: https://martech.org/chris-penn-looking-forward-with-ai/
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