A.I Implementation: Stopping all stations

Stopping all stations. Reflections from the World Commerce & Contracting conference. 

Participating in a global challenge on the use of Chat GPT in contract negotiations and in discussion with President Tim Cummins and CEO Sally Guyer at their conferene in Melbourne this week. 

It’s fair to say that A.I is here to stay. 

My reflections on the challenge: 

🛠️😀 Efficiency: the use of ChatGPT can assist preparation for problem analysis breaking complex problems down and offering strategies, including questions to commence negotiations. 

🛠️😀 Context counts: using this data and applying human context to the problem counts, there is a high duty of care to ensure application of the solution is appropriate and works. 

🛠️😄 Communication is key: in the context of human negotiation communication is still paramaount to arrive at human resolutions. Robots will not replace this at any time soon. Human problems require, human communication and negotiation. 

Also it was found that our team who used ChatGPT performed better than those who did not 🤔🛠️

A report published by APAC shared reflections from the global community with regard to the use of A.I in the contracting process from 70 000 contract professionals from around the world. 

It reveals that 20 percent of workforce are already implementing generative A.I tools, 9 percent in Australia. There will be a competitive advantage for those that embrace these tools. 

Personllay I believe across industries that this could amount to a Fifth Industrial Revolution, given that entire industries, supply chains and jobs will be displaced and replaced. Contracting is just one part of this process. It’s good that we are having real and thorough discussion about it’s impact. 

It’s what humans do 😄

Wonderful to see Melbourne alive again with events bringing the city back to life!