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Generative AI Mastery: Everything that Founders & Teams Need to Succeed
Level up your GenAI game with these strategies, tools, and maximize the ROI across your entire business.
Candyd Mendoza & Benson Sung
October 17, 2023
In today’s Deep Dive…
Two Approaches to Utilizing GenAI & Overcoming the Top 5 Challenges
How High Performance Businesses Are Maximizing Their Gen AI ROI With This Framework
Don't Waste Your AI Budget On Avoidable Mistakes — Calculate Your AI ROI Using This ROI assessment strategy
How to Really Know if Your Gen AI Investments Are Paying Off: From Quick Wins to Transformational Initiatives
Why Your Business Can't Afford to Miss Out on the ICE Framework!
And plenty more 😉
So, if you’re ready to roll up your sleeves, let’s debunk, demystify, and dive deep into the real-world impact of GenAI on your bottom line.
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DEEP DIVE OF THE WEEK
High-ROI Use Cases: Expectations vs. Reality
Picture this: A startup founder, let’s call him Alex, has just poured his heart, soul, and a good chunk of his savings into a cutting-edge Generative AI system.
In his mind, it's the golden ticket. Alex envisions an immediate skyrocketing of efficiency, a doubling of the customer base, and revenues so high they’d make astronauts dizzy.
But reality paints a different picture. The office is abuzz, not with the cha-ching of soaring profits, but the usual hum of a startup grinding its gears.
The AI is there, it’s brilliant, but it’s not the overnight sensation Alex had imagined.
ℹ️ Why This Matters Today
ROI expectations for GenAI are astronomical. In the media industry, for example, a typical publisher is anticipating a staggering 5,700% ROI when leveraging generative AI for personalized marketing initiatives.
To put it in perspective, the GenAI tool needs to save a marketer 48 minutes per working week to justify its costs.
Sounds like Alex’s dream, doesn’t it? But there’s a journey from the dream to the destination. A journey of strategy, customization, and iterative learning.
🏆 Golden Nuggets
The potential for substantial ROI through GenAI is undeniable, but many know this requires a strategic approach and continuous learning.
By journey, we meant charting a course that involves measuring both financial gains and strategic advantages and having both short-term and long-term vision.
GenAI can enhance revenue, operational efficiency, and customer experience over different timeframes.
Just be clear about measuring its value and work towards realizing it.
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