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The Edge for June 2023

An Exclusive Article for NJ ChamberEdge

This Month's ChamberEdge Contributors

Artificial Intelligence is blowing up this year. We asked N.J. Chamber members – experts in AI and those who run business – to tell us how AI is affecting business operations. They told us the good, the bad and the dangerous. Read below to see what they said.

 

Shobhit VarshneyThink of ChatGPT as an Intern With Multiple Degrees

Think of ChatGPT as an intern with multiple degrees. It can help small businesses quickly summarize and analyze contracts and other documents. It gives you the ability to have a virtual conversation to gain understanding of public knowledge of a product or service; and it can create content, such as marketing material or responding to an email from a customer. You have to figure out what is mechanical work that AI can do, and what is creative work that requires a human touch. Further, you need to make sure the content it generates is reviewed by somebody to ensure it is accurate.

– Shobhit Varshney, VP & Senior Partner, Americas AI & Analytics Leader, IBM Consulting

 

Doug VargoWhat Will Be Important Is the Analytical and Critical Thinking of People Using AI

ChatGPT uses a pre-trained algorithm that has ingested all of the information on the internet. It uses language models that make interacting with it like chatting with a person. But there is an issue of biasness within AI. Data being fed to train the models can be bias. There may be large sets of data, but if it is trained to focus only on a subset, that is bias. When you trust AI, that’s when there is risk. You want to take advantage of what AI can do, but you want to make sure you have the human touches. Going forward, what will be important is the analytical and critical thinking of the people using AI – those are the skills employers will be looking for. Eventually, organizations will have control of their own data sets.

– Douglas Vargo, Vice President, Consulting Services, CGI

 

Kevin MichelsUse It So It Helps Solve Problems, Not Create Problems

Look at ChatGPT’s own disclaimers. It says up top that it may produce inaccurate information. It produces information based on inferences from data. So do we want employees to use the device? It is a great tool to start with. The danger is when it’s the only tool you use. There is a concern the data they rely on are bias. There are copyright issues. But there are advantages too. These tools have interesting abilities to teach us what’s out there and go deeper. We can use these tools to streamline processes and create efficiencies. Once you get past the initial (concerns), the question is how can this make us better? How do you become a trained user, so you can use it critically? A lot of it has to do with embracing the tools and use it in a way that it helps solve problems, not create problems.

– Kevin H. Michels, Professor and Director, School of Business Center for Innovation and Ethics, The College of New Jersey

 

Michelle SchaapAI Is a Game Changing Technology of This Generation and Beyond

Generative artificial intelligence – similar to nuclear energy and the Internet – is a game changing technology of this generation and beyond. The transformative power, the ramifications and risks, and the social disruption inherent in this new technology are not fully understood by policymakers and stakeholders, let alone the majority of potential users. In fact, an attorney recently submitted a brief prepared by ChatGPT to the Southern District of New York that was replete with fictitious case law and even false cases. That being said, attorneys must become familiar with the positive uses of AI as it develops in order to better serve their clients.

– Michelle Schaap, Member, of Chiesa Shahinian & Giantomasi PC. Michelle is the firm’s Chair of the Tech, Privacy and Data Innovations Group

 

Justin LahullierWe're Excited About Implementing AI To Help Analyze Dental X-Rays

At Delta Dental of New Jersey, we're developing AI chatbots to bolster our customer service and provide immediate, personalized assistance to our clients. Also, we're excited about implementing AI in claims review – it will act as a second set of eyes to analyze dental X-rays and documents. These innovations will enhance – not replace – the human touch provided by our associates, making us more efficient and helpful in serving our customers.

– Justin Lahullier, Chief Information Officer and Vice President Information Services, Delta Dental of New Jersey and Connecticut

 

Jordan TannenbaumWe’re Using AI To Identify Inpatients Who Are At-Risk for Readmission

“Saint Peter’s Healthcare System uses AI-enabled methodologies to identify inpatients who are at-risk for extended stays or readmission within 30 days. The methodology combines census data, non-medical data from public sources, claims data and pharmacy-use data to create a risk profile. We identify patients who have high-risk social determinants of health needs, such as lack of transportation, housing, or food insecurity. Our goal is to engage with these patients, and connect them to community and government resources for the support they need as a complement to their clinical care.”

– Jordan Tannenbaum, Vice President/Chief Information Officer and Chief Medical Information Officer, Saint Peter’s Healthcare System

 

Justin MurrayGoogle Bard Generates a Plan on How To Follow-Up With People I Meet

I often return from networking events with a page full of new connections and notes on important conversations. Using Google Bard – which I prefer over ChatGPT because the data is more up to date – I input my notes along with a detailed prompt to create a follow-up plan. Bard generates a descriptive plan on how to follow-up on conversations with people I met, including upcoming events they may be attending, industry insights they may be intrigued by and more.

– Justin Murray, Director, Partnerships; TechUnited:NJ

 

Merodie HancockWe Are Using AI-Powered Tools To Elevate Student Success Rates

At Thomas Edison State University, we are using AI-powered tools to elevate student success rates. We are using systems capable of interpreting vast amounts of incoming transcript data [Shamrock Solutions], producing targeted help desk responses [Zendesk], and guiding meaningful student tutoring interactions [Brainfuse]. AI-powered tools identify patterns, detect potential challenges, and provide tailored recommendations, enabling students to thrive academically and achieve their goals.

– Merodie A. Hancock, PhD, President, Thomas Edison State University

 

Mike ReaganAI Is Helping Us Access All Publicly Available Information To Better Understand the Challenges Our Customers Are Facing

CGI is leveraging the power of artificial intelligence both for our clients and in our business operations. For example, AI is helping us access all publicly available information to better understand the challenge a customer is facing, and helping CGI develop strategies to overcome those challenges. We still rely on our industry and IT experts to synthesize information, but AI provides great starter frameworks. Additionally, CGI is using AI to help automate routine tasks, and freeing up our members to focus on serving our clients and increasing efficiency.

– Mike Reagan, CGI, Senior Vice President Consulting Services

 

Lawrence KrampfAI Allows Our Chatbots to Have More Intuitive Exchanges With Patients

GoMo Health’s concierge programs act like virtual care coordinators that offer guidance to patients and members both pre- and post-discharge to (help them) self-manage their conditions. We have used artificial intelligence to help our concierge programs have more intuitive exchanges with the patients via text messages. Our chatbot responds to patients’ messages based on key words and phrases and can automatically escalate to a live-care coordinator, which, in some cases, saves lives.

– Lawrence Krampf, GoMo Health, Chief Revenue Officer

 

Jason JulianoAutomating Certain Routine Tasks Reduces Errors and Boosts Productivity

Business advisory firms like EisnerAmper, and its clients, process overwhelming information. Artificial intelligence can help improve efficiency. Automating certain routine tasks – like accounts payable, sales optimization an automating emails – reduces errors and boosts productivity. Businesses must address challenges like data quality, talent gaps and ethical concerns.

– Jason Juliano, Director, EisnerAmper Digital

 

Responses for this article were edited for space and clarity.

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Newsmakers

Carolyn Welsh

NJ Sharing Network CEO Carolyn Welsh was honored by the organization for her 25 years of service in advancing the organization’s lifesaving efforts through the recovery and placement of donated organs and tissue in the state. Headquartered in New Providence, NJ Sharing Network partners with 54 hospitals to provide hope for nearly 4,000 N.J. residents waiting for a lifesaving organ transplant.


Betty Larson

Merck appointed 20-year health care industry veteran Betty Larson as executive vice president and chief human resources officer, the Rahway-based pharmaceutical giant announced. Larson is responsible for global human resources and diversity, equity and inclusion for the company. She comes to Merck from GE HealthCare, where she served as chief people officer.


Public Service Enterprise Group Foundation sent a $1.45 million gift to Stevens Institute of Technology to further develop sustainability programming at the school and develop a pipeline of talent prepared to address threats to sustainable development. This gift, the latest in a long relationship between the school and PSEG, will enable the school to create the Stevens Center for Sustainability.


Delta Dental of New Jersey announced that Stuart Brereton was named its new vice president and chief sales officer. Brereton previously was regional vice president at Prudential Financial, and spent many years before that at The Hartford, where he began as a sales executive, serving the large group market and ascending to the position of regional sales director. 


EisnerAmper, the global business advisory firm with a heavy presence in New Jersey, announced it will combine forces with Alabama-based tax and real estate consulting firm Tidwell Group LLC, in a transaction expected to close in May. Tidwell has 40 partners and a staff of more than 200 professionals in six offices across Alabama, Georgia, Texas and Ohio.


The M&T Charitable Foundation is awarding $900,000 in grants to commemorate its 30th anniversary – including a $30,000 grant to the affordable housing project of Habitat for Humanity of Passaic County in Paterson. Founded in 1993, the M&T Charitable Foundation is the philanthropic arm of M&T Bank.


TD Bank elevated Matthew “Matt” Boss to head of U.S Consumer Banking, the Cherry Hill-based financial institution announced. In his expanded role, Boss will be responsible for TD’s more than 1,100 store locations, contact centers, digital sales and capabilities, retail operations, U.S. Wealth and TD Auto Finance, while continuing to oversee all consumer product teams.


Hackensack Meridian Neuroscience Institute at JFK University Medical Center in Edison recently received a major research grant from the National Institute of Neurological Disorders and Stroke. The five-year award of more than $2.2 million will be used to study a novel approach to treating traumatic brain injury.


Camden-based American Water Charitable Foundation recently donated $250,000 to the American Red Cross as part of the foundation’s Disaster Relief Grant Program.


Aaron Hajart was named COO of Community Medical Center in Toms River, officials at RWJBarnabas Health announced. Hajart has experience within the RWJBarnabas Health system, serving as the Southern Region senior vice president for service line and practice integration. In this position, Hajart led initiatives reducing long-term admissions by 85% and cut unnecessary patient days by 14,000 per year.


New Jersey Institute of Technology’s Martin Tuchman School of Management announced it will offer a new concentration in business and sports data analytics beginning in the fall.