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Home » CEO Perspective: 7 Steps for Integrating Generative AI Into Your Business
CXO Minute

CEO Perspective: 7 Steps for Integrating Generative AI Into Your Business

Tony UphoffBy Tony UphoffAugust 8, 2023Updated:August 9, 20232 Mins Read
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AE Leadership

In episode 103 of the Leadership Minute, Tony Uphoff shares a framework for how C-suite leaders can use generative artificial intelligence (AI) in their business.

This is a follow-up to Tony’s last Leadership Minute, which provided six steps for leaders interested in understanding and implementing artificial intelligence (AI).

This episode is sponsored by Acceleration Economy’s “Cloud Wars Top 10 Course,” which explains how Bob Evans builds and updates the Cloud Wars Top 10 ranking, as well as how C-suite executives use the list to inform strategic cloud purchase decisions. The course is available today.

Highlights

00:58 — Generative AI has gone from zero to well over 100 million users in less than two months.

01:11 — Nearly every major technology company is integrating gen AI features into their products because it can lead to substantial improvements in efficiency, productivity, creativity, and decision making. Companies in any industry can leverage the power of gen AI.

01:37 — Here’s a framework for how you can approach using gen AI in your business.

  1. Identify opportunities: Consider content creation, personalized customer interactions, predictive modeling, and automating routine tasks.
  2. Develop a strategy: Your strategy for incorporating generative AI into your business process should include setting clear goals, designating roles and responsibilities, determining the needed resources, and creating a timeline for implementation.
  3. Experiment and pilot: Use these projects as learning experiences to understand how to best use generative AI in your business and then iterate and improve based on what you learn.
  4. Scale and optimize: Integrate AI across your business processes and optimize for better efficiency and performance.
  5. Data governance and ethical use: Develop robust data governance and ethical use policies for your AI implementations.
  6. Talent acquisition and development: Invest in hiring the right talent or upskilling your current team to get the specialized skills needed to design, develop, implement, and maintain generative AI.
  7. Collaboration and partnerships: Establishing strategic partnerships with AI tech providers, research institutions, and other businesses can accelerate your AI adoption and enhance its effectiveness.
Guidebook: The Business Impact & Opportunity of Generative AI

03:51 — This framework will help you systematically incorporate generative AI into your business so that you can make the most of this revolutionary technology.


For more insights from the c-suite, visit the Leadership channel

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Tony Uphoff

CEO
Pipeline360

Areas of Expertise
  • AI
  • Board Strategy
  • Cloud
  • LinkedIn

Bringing his experiences as a 5x CEO, Tony provides a leadership analyst perspective to Cloud Wars. He’s an award-winning technology, data, digital media and marketing services executive specializing in transformative leadership of companies, cultures, people, and organizational performance. As an industry thought leader and an expert on the digital industrial economy, Tony is regularly quoted in The Wall Street Journal, Forbes, Business Insider, and other top media brands. He advises senior management and boards of media, marketing, and technology companies as the CEO and founder of Uphoff Management Advisory, LLC. He serves as a Trustee of Linfield University and a mentor at MuckerLabs accelerator. Additionally, Tony has been a Senior Advisor to the CEO and executive team at Xometry, a publicly traded, on-demand manufacturing marketplace. In December 2021, he led the turnaround, growth, and successful sale of Thomasnet.com to Xometry for $300 million.

  Contact Tony Uphoff ...

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