AI's Real Impact on Business | Elizabeth Goede

Elizabeth Goede, founder of Ratliff Consulting, shares her extensive experience with AI, entrepreneurship, and how organizations can navigate the rapidly evolving AI landscape responsibly. This episode covers AI's impact on business, ethical considerations, and practical strategies for implementation. Chapters   00:34 — Introduction to the episode and guest  01:52 — Quote of the day from Alan Kay  02:50 — Elizabeth’s journey into AI and entrepreneurship  04:31 — The evolution of AI from 2012 to today  08:04 — The bias and diversity issues in AI development  08:50 — Ethics and responsible AI use  10:23 — AI’s role in internal and external business processes  13:01 — Helping businesses understand AI’s real potential  16:07 — What kind of organizations Elizabeth works with  20:37 — The importance of data as a company asset  28:02 — Common misconceptions about AI  29:16 — The biggest misconceptions about AI today  35:45 — The launch of Spark AI Lab and its mission  42:33 — Elizabeth’s platform for women in tech and AI  50:00 — Exciting future of AI and entrepreneurship  53:32 — Closing thoughts and key takeaways   Key Topics:   Ethical considerations and bias in AI Data management and governance in AI Practical applications of AI in business processes The importance of human oversight and soft skills in AI