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Embracing the Power of Large Language Models: Transforming Finance and Empowering Professionals

The Horizons Tracker

Large Language Models (LLMs) such as ChatGPT are disrupting the finance world, as exemplified by Morgan Stanley’s experimentation with an OpenAI-powered chatbot to assist their financial advisors. As LLMs progressively permeate the finance industry, it is crucial to thoughtfully embrace and adapt to this transformative shift.

Finance 114
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Top 10 US Cities to Capture Small Business Recovery Act Dollars.

Women on Business

If your small business plan can move the nation forward, you’re a step closer to winning Uncle Sam’s financing and support. Boston , MA Innovative entrepreneurs will find fertile ground for their ideas in Boston. Ten Best Cities to Stage an Economic Revival Location is the other piece of the stimulus puzzle.

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5 of the Most Useful AI/Machine Learning Tools for Your Business

Strategy Driven

The suite comes with many impressive AI applications that you can integrate directly into your deployment and productivity pipeline almost immediately: Contact Center AI; allows you to automate your call center interactions with customers.

Tools 85
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Rethinking the Bank Branch in a Digital World

Harvard Business Review

Rather than going the way of Tower Records, leading banks are reinventing themselves with innovative mashups of digital technologies and physical facilities, a combination we call “digical.”. JP Morgan Chase, although a digital innovator, has opened 600 branches since January 2010 while closing 325. Finance Internet Retail'

Banking 14
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business Review

Adaptive performance manifests as creativity, problem solving, grit, innovation, and citizenship. Three finance professors once asked more than 400 executives what they would do if their quarterly earnings targets were at risk. In an experiment, we approached the call center of a bank’s consumer loans business. (We’ve

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Six Fundamentals Every Entrepreneur Needs to Succeed

Harvard Business Review

Plan for a realistic amount of sales and interest so you can conservatively manage your finances. What is markedly different about the company is these rates are only available through the Getaroom.com call center. Others travel sites outsource their call centers overseas and really push all interactions to be electronic.

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Workforce Analytics Isn't as Scary as It Sounds

Harvard Business Review

How can we share insights and innovations that allow our employees to be more productive? Once the shining example of call-center customer service, they dropped to nearly last in the industry in customer satisfaction in 2007. So early on, Finance and HR collaborated to simplify the process, reducing the number of data metrics.

Metrics 15