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New Study Shows U.S. Businesses Are Slowly Implementing AI — and Colorado is Leading the Charge
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly. A new paper by U.S. Census Bureau researchers says overall use of AI by businesses in the U.S. rose from 3.7% last fall to 5.4% in February. Leading the way were firms in information technology and professional services, and in locations lik[...]
5 Essential Strategies to Enhance Digital Customer Experience for eCommerce Success
If you run an online store, you don’t have the face-to-face opportunity to engage your customers and sell products. Instead, you need to make transactions easy and frictionless. These five digital customer experience strategies will show you how. READ: Unlocking Brand Loyalty — Enhancing Customer Experience in the Digital Age W[...]
Ibotta’s Strong Debut on Wall Street Signals Growth for Digital Coupon Platforms
NEW YORK (AP) — Shares of Ibotta, a Denver-based and Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in its Wall Street debut. The stock, which trades under the ticker "IBTA" on the New York Stock exchange, opened Thursday at $117, we[...]
GenXYZ Nominees Thrive: Rob Carpenter (2013) — Where is He Now?
Everyone was right when they predicted bright futures for these executives, entrepreneurs and nonprofit leaders. Ten-plus years after ColoradoBiz profiled these Top Young Professionals of Colorado, we revisited several to see where their career paths led them and what they are doing now. Some are with the same companies; others h[...]
Colorado Among Six States Aiming to Regulate AI
Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision-making are facing headwinds from every direction. Lawmakers working on these bills, in states including Colorado, Connecticut and Texas, came together Thur[...]
Good Company: Jon Nordmark and Iterate.ai
Nordmark co-founded eBags in 1998 and served as CEO through 2008 and chairman until Samsonite acquired the company in 2017. The company was profitable in 2001 and not only survived the dot-bomb, but thrived to the tune of 29 million bags sold before the acquisition. For his follow-up act, Nordmark moved into software and artifici[...]
Why Robot Can’t Sell: 6 Reasons AI Isn’t Ready to Replace Your Product Writer
Imagine this: You're browsing for a new pair of running shoes. You come across a product description that reads: "Experience optimal comfort and performance with our revolutionary running shoes! These shoes have premium materials and will propel you to new heights. Order yours today!" Something feels off. Why? It's generic, lacks [...]
Top AI Tools for Bloggers in 2024
Are you ready to turbocharge your blogging game and leave your competitors in the digital dust? In the rapidly evolving world of blogging, staying ahead means constantly seeking out the latest and greatest tools. As we dive into 2024, artificial intelligence (AI) stands as the beacon of innovation, offering solutions that promise n[...]
Embracing Uncertainty: 5 Ways Successful Businesses Turn Risks into Opportunities
Running a business in Colorado is so much more than maintaining expectations and ensuring smooth day-to-day operations. You should always be looking to take your business to the next level, promoting both steady and swift growth to exceed your goals and elevate your brand. Even when it gets difficult to envision the future of your b[...]
3 Trends That Will Shape Business in 2024: Digital Tools, Labor Markets and Strategic Partnerships
2023 was a dynamic year for businesses across all sectors. Artificial intelligence (AI) went from a novel technology to a more widely utilized business productivity tool. Many companies invested additional resources in sustainable business practices. And digital business solutions helped companies thrive. Here are predictions for w[...]
Scale Your Startup With These Essential Smart Tech Strategies
New business startups in Colorado have many challenges in the modern marketplace. But they have one advantage that older startups don’t have: a plethora of innovative technology that can help build their businesses. There are thousands of cutting-edge tools available, which means the biggest difficulty might be choosing the right [...]
AI vs. Traditional: Which is the Best Approach in Recruitment
Recruiting challenges change constantly, which means you need creativity to stay ahead of the curve and ensure efficient hiring. However, traditional methods, while tried and tested, can struggle to keep pace with the dynamic hiring needs of today's world. Enter AI recruiting. From sourcing to candidate assessment, this promising met[...]
This Winter Travel Season, Tech is Playing an Important Role in Denver’s Aviation Security
It may not be a surprise for those who frequently travel during the holidays, but the Transportation Security Administration (TSA) confirmed that on the Sunday of Thanksgiving weekend, 2.9 million jet setters officially broke a record for most airline passengers on a single day. Government officials forecasted a record travel season [...]
How to Welcome AI in Your Recruiting Process
We’ve all experienced the endless circles of frustration and stress that have become the norm as we try to resolve day-to-day issues with the help of a bot. AI has arrived, and it’s everywhere, including in recruitment. However, AI is a tool, not the toolbox. It cannot replace humanity. READ: AI in the Workplace — A Roadmap Fo[...]
Is AI Revolutionizing the Insurance Market? In Short, Yes.
The insurance industry, historically characterized by manual processes and conservative risk assessment, has seen a remarkable transformation in recent years with the infusion of artificial intelligence (AI). Artificial intelligence has revolutionized the insurance market by streamlining operations, improving customer experiences, an[...]
Smarter House Hunting: How AI Is Changing The Homebuying Process in Mayberry, Colorado
Mayberry, a new community in Colorado Springs, might be inspired by the walkable towns of the past, but it’s taking a cutting-edge approach to selling homes through a partnership with OpenHouse.ai, a fast-growing company pioneering AI real estate solutions. The collaboration offers a new level of convenience and personalization fo[...]
Beyond the Basics: 7 Innovative Apps to Help Scale Your Business
Modern businesses must constantly innovate to stay ahead of the curve. The right technological tools can mean the difference between growth and stagnation. As an experienced voice in the business and tech community, I've witnessed the transformative power of apps in scaling operations, enriching customer interactions and refining man[...]
How AI-Powered Content Production Will Transform Digital Creation in 2024
AI is undoubtedly one of the most talked about topics of 2023 and, in particular, utilising AI for digital content production has seen a rise in popularity recently, with online searches for ‘AI generated video’ increasing by 1,257% year-on-year, and ‘AI video creation’ rising by 2,500% in the same time. It has never been so[...]
Unveiling the Power and Pitfalls of Generative AI in The Modern Workplace
Artificial Intelligence, commonly known as AI, has been all over the news recently, from goofy uses (George Washington with a mullet) to apocalyptic fears (AI systems with the power to launch a missile attack without human intervention). Forms of AI, like predictive texting, have been around for many years, but generative AI applicat[...]
Colorado’s Labor Market Paradox: Plentiful Jobs, Mismatched Talent
At a mere 2.8 percent as of June 2023, the unemployment rate in Colorado is notably lower than the national rate of 3.6 percent. While the state rate remains close to an all-time low, it masks a paradox in the current labor market that started three years ago. Jobs are plentiful, so is talent, but there’s a mismatch. Nothin[...]
