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A Whitepaper: Developing a Pragmatic AI Strategy for SMBs

Written by spacityadmin on . Posted in AI, Consulting, Latest News, Strategy, Whitepaper.

A Whitepaper: Developing a Pragmatic AI Strategy for SMBs

In today’s fast-paced technology driven world, Artificial Intelligence (AI) is no longer the exclusive domain of large corporations with hefty budgets. Small-to-mid-sized businesses (SMBs) can also harness the power of AI to streamline operations, enhance customer experiences, and drive growth. However, the key to success lies in developing a pragmatic AI strategy tailored to the unique needs and constraints of SMBs. This whitepaper, authored by Newlogiq, explores the considerations necessary to effectively implement AI within SMBs.

Understanding the Basics of AI

Before delving into strategy, it’s essential to understand what AI entails. At its core, AI refers to the simulation of human intelligence in machines programmed to think, learn, act and emote like humans. There are several types of AI:

  • Narrow AI: This is designed to perform a narrow task (e.g., facial recognition or internet searches).
  • General AI: This type would possess the capability to perform any intellectual task that a human can do.
  • Superintelligent AI: This surpasses human intelligence in every aspect, from creativity to problem-solving.

For SMBs, Narrow AI is the most relevant, as it can be integrated into various business processes to offer immediate and tangible benefits. Narrow AI applications, such as chatbots and predictive analytics, can address specific business challenges without requiring extensive resources.

Understanding these types of AI is crucial for SMBs because it sets realistic expectations and helps in selecting the most suitable AI technologies. While General AI and Superintelligent AI remain largely theoretical and beyond the reach of SMBs, Narrow AI provides practical solutions that can be implemented today.

By focusing on Narrow AI, SMBs can avoid the pitfalls of over-ambition and instead concentrate on achievable goals that deliver measurable results. This focus allows for a more targeted approach, ensuring that resources are used efficiently and effectively.

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A Whitepaper: Executive Coaching at Newlogic

Written by spacityadmin on . Posted in Coaching, Latest News, Leadership, Whitepaper.

Jeff Oskin Headshot

Jeff Oskin

Owner

Whitepaper_Front

Many small-to-mid-sized businesses face a common challenge: the development of a strong leadership team below the chief executive. Often, individuals are promoted to leadership positions because of their exceptional skills in a particular area, but they lack the necessary formal leadership training to excel in their new role.

As a result, businesses struggle to reach their full potential, and chief executives may stress about a transition plan for the organization. At Newlogiq, we understand these challenges and have developed an executive coaching process designed to help businesses address this issue.

With years of coaching experience, we know that strong leadership is key to a company’s success. Our approach is designed to provide comprehensive training and support to leaders at all levels, helping them to grow and develop the skills necessary to drive business growth and success.

In this paper, we will outline the Newlogiq executive coaching process and its benefits for business owners and their staff. Executive coaching is a process that aims to enhance the performance and potential of business leaders, including CEOs, entrepreneurs, and executives. The coaching process is a personalized, one-on-one approach that focuses on addressing specific challenges, improving skills, and achieving goals. The Newlogiq approach is based upon the 20 bad habits as defined in Marshall Goldsmith’s book, “What Got You Here Won’t Get You There.”

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