Harnessing the True Potential of AI in Business with Garik Tate | Ep. 161

AI is rapidly changing how we do business, and entrepreneurs stand to benefit immensely from its potential.

 

AI is not something that caught us by surprise. It is an expected trajectory of where we have always been going: a utopic society of more creativity and productivity. Entrepreneurs can apply AI in five key business areas: prospecting, sales, onboarding, HR, and data manipulation. AI can analyze customer data to provide personalized recommendations and targeted advertising, leading to better engagement and conversion rates. It can also provide insights and recommendations, helping you make faster decisions and avoid common pitfalls.

 

In this episode with Garik Tate, we talk about AI and how entrepreneurs can harness its potential for growth, efficiency, and overcoming bottlenecks. Garik makes companies more valuable to institutional buyers and increases profits through AI development/integration, hiring elite talent, and operational automation.

 

With over a decade of experience as a successful entrepreneur, Garik has founded companies spanning Software Development, Outsourcing, and Publishing. Notably, he has led and nurtured organizations and teams of up to 75 employees.

 

Tune in.

 

 

Key Highlights from The Show

[02:21] How entrepreneurs can harness the true essence of AI

[04:22] The evolution of AI for over 15 years and Garik’s take on it

[05:59] The five key business areas entrepreneurs can apply AI

[08:30] Practical examples of how you can use AI for the five areas

[13:15] How to personalize AI for your specific business

[17:06] Laurent’s reflection on his AI experience

[21:56] Why Garik is an entrepreneur

[24:12] His most current bottlenecks

[30:15] Garik’s recommendation from his experience in AI and entrepreneurship

[31:45] Best ways to reach out and connect with Garik

[32:25] Wrap up and calls to action

 

 

Notable Quotes

● AI is a trajectory of where we have always been going—a utopic society of more creativity and productivity.

● Whatever you are looking for, there’s probably an open-source tool out there that you can plug into their API without knowing how to code.

● Prompt engineering is the most current way of training AI to fit your business needs.

● Empowering the teams, letting go, and delegating are the most common bottlenecks among entrepreneurs.

● How we spend our days is how we spend our lives, and life isn’t something that will happen later but something that is happening now.

● Everybody has two lives. The second life starts when you realize that you only have one.

 

 

Connect With Garik Tate 

Website: https://www.valhalla.team/

LinkedIn: https://www.linkedin.com/in/garik-tate/

 

 

 

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