AI in Business: Unveiling Myths, Risks, and Opportunities with Frank Mendoza
Business ChopSeptember 11, 2023

AI in Business: Unveiling Myths, Risks, and Opportunities with Frank Mendoza

The Business Chop welcomed Frank Mendoza. He covered various topics related to AI and its applications in business. Frank discussed common misconceptions about AI analytics and how to know if a company is ready for AI. 

Frank Mendoza is a highly respected and award-winning analytics leader with over 20 years of experience in Strategy, Customer Experience, and Data Science. He is the founder of Catalytics, a service company that helps Fortune 500 companies like Nike, Kelloggs, Keurig Dr Pepper, and Jim Beam to use data and AI to solve their toughest business challenges. Frank holds a B.S. in Mechanical Engineering and an Executive MBA from The University of Texas at Austin.

Mendoza explained the difference between artificial intelligence, machine learning, and deep learning, and discussed the practical considerations of incorporating AI into a business strategy. He also discussed the potential benefits and risks of using chatbots and private GPTs for businesses.

Mendoza advised businesses to experiment with AI and start playing around with it, as it is a low-cost barrier to entry. He suggested that organizations should apply AI with intention and not just because it's a shiny object. They also delved into the challenges and limitations of generative AI, including the potential for bias in training data and the importance of considering privacy concerns.

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