GET READY FOR THE ADVANCED MANUFACTURING EXPO 2025! Automation Alley Trade Missions Your Gateway to New, High-Growth Markets.

Using ChatGPT to Make Better Decisions

by | Aug 28, 2023

Summary

Explore the pros and cons of ChatGPT informing managers to make educated business decisions. Understanding how this tool, and artificial intelligence more broadly, can help analyze situations will be key to navigating a future with more AI-driven solutions.

Can ChatGPT help executives make better decisions? The large language model everyone has been talking about for months also has an eloquent answer to this question: “Yes, I can support you in management decisions by providing information, facts, analysis, and perspectives that can help you make an informed decision.” ChatGPT immediately follows up with a limitation of its own competence. “However, it is important to note that my advice and recommendations are based on an algorithmic analysis of data and information, and you, as a human being, still have to make the final decision based on your experience, knowledge, and assessment of the situation.”

Fair enough. But despite this dose of modesty — or because of it — large language models like ChatGPT can become powerful decision-making tools for managers and for companies. Their promise isn’t in providing us answers, but in helping us go through a more systematic decision-making process than is often the case today, even with important management decisions.

Read more here.

Harvard Business Review

Haissam Badih PhD, is the Researcher and Professor at the Department of Math and Computer Science at the Lawrence Technological University, Southfield, Michigan, USA. He earned His B.S. degree in Computer Science from the University of Windsor at Ontario Canada, his M.S. Degree from Lawrence Technological University, and a Ph.D. in Computer Science and Informatics from Oakland University in 2020. He will begin his academic career at Lawrence Technological University in 2021. He has worked in various software companies in software engineering and architecture.He authored numerous journal and conference papers that were peer-reviewed. His current research and development interests and activities in Project DIAMOnD for Automation Alley in blockchain for building a 3D printer marketplace for the supply chain to support all kinds of business, including 4.0 Industry. This work on blockchain for autonomous systems design, sensor fusion, intelligent agents, automation, human/machine interaction, robotic programming, and interfacing/coding. His research dissertation, entitled "Advance and specialize our application of blockchain for webcam/microphone access control" and "Add Blockchain in A.I. for communication," has worked within research on the Blockchain and Decoy deception research project. He worked on blockchain and decoy deception using smart contracts. This project utilized a Blockchain application that enforces limited access to webcam and microphone devices. We utilize Blockchain's Smart Contract to form a contract between the user's computer and another party connected via a network.‍

More

Related