Local Business Leaders Get Crash Course in AI

06/07/2024
By Ed Brennen

“We are all programmers now,” Deokar declared as the code appeared instantaneously on a pair of projection screens behind him, demonstrating the transformative potential of generative AI in the workplace.

It was the inaugural event of a new Business Leaders Roundtable series hosted by UMass Lowell, Enterprise Bank and the Middlesex 3 Coalition, a regional economic development partnership.

“Generative AI is here to stay. It has the potential to improve productivity, but you have to lean in and embrace it — with an eye toward managing risks,” said Deokar, who gave an overview of the current state of the rapidly developing technology and offered guidance on how businesses can integrate it into the workplace. 

“People think there is a hidden instruction manual that is coming out, and the truth is, there isn’t one. And that’s kind of unnerving at this point,” said Deokar, who encouraged audience members to experiment with the technology to see what it can and cannot do.

Deokar reminded the audience that generative AI doesn’t really “know” anything — it’s just predicting the next word — and that its only goal is to make the user happy, not to be accurate.

“Think of AI as an incredibly fast employee who is prone to bending the truth,” he said, drawing chuckles from the crowd.

“People could not handle what was coming, just like you hear people today,” said Greer, whose first research project as an MBA student at the University of Toledo was on how companies could help employees deal with computer anxiety.

“The good thing is we are talking about AI now, we have resources to help employees, and we’re preparing,” she said.

Ken Feyl of LYF Architects in Andover, Massachusetts, has yet to use generative AI but came away from the roundtable ready to try it.

“My commercial real estate network is talking about AI, and I wanted to learn more about it,” said Feyl, who can see it being useful for proposal writing, documentation and field reports, and perhaps as “inspiration” for design work.

Jetari Veal, assistant vice president of Workers Credit Union in Littleton, Massachusetts, has dabbled with AI but realized after Deokar’s presentation that “there’s way more to it than I even imagined.”

“As someone who assesses the needs of the community, it’s imperative to understand AI from a business perspective, to see what we can do to leverage information and provide opportunity,” he said.

Allison Lamey, executive director of The Lowell Plan, appreciated Deokar's ability to provide context for AI’s use in business.

“This was a great way to capitalize on the talent and resources at UMass Lowell to help inform the business community,” she said.

Tom O’Donnell, senior director of innovation and workforce development at UML, and his team partnered with Enterprise Bank Executive Vice President Chet Szablak and Middlesex 3 Coalition Executive Director Stephanie Cronin on the roundtable series “to get people together around important topics that are changing the way we work, live and learn.”

Future topics could include leadership development, data analytics and sustainability.

Deokar told the business leaders that UML students who are becoming proficient with AI today will soon be bringing those skills to the workforce.

“These graduates are your next employees. They are going to be conversant with these technologies,” he said. 

And for those who feel bewildered by AI, Deokar reminded them that email raised a lot of the same questions and concerns 40 years ago.

“We figured it out, and we’re going to figure AI out,” he said. “We’re all in this together.”