WINTER 2024
Distributor's Link Magazine Winter 2024 / Vol 47 No 1
Distributor's Link Magazine Winter 2024 / Vol 47 No 1
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
14<br />
THE DISTRIBUTOR’S LINK<br />
Joe Dysart<br />
Joe Dysart is an Internet speaker and business consultant based in Thousand Oaks,<br />
California. A journalist for 20 years, his articles have appeared in more than 40<br />
publications, including The New York Times and The Financial Times of London.<br />
During the past decade, his work has focused exclusively on ecommerce.<br />
Telephone: 631-256-6602; web: www.joedysart.com; email: joe@dysartnewsfeatures.com<br />
COMING SOON FOR FASTENER DISTRIBUTORS:<br />
AI, EVERYWHERE...NO KIDDING<br />
Responding to a new hunger for AI, some of the<br />
biggest titans in software -- including Microsoft, Google<br />
and Salesforce -- are coming out with new versions of their<br />
software suites that will be completely reworked by AI.<br />
The move -- which is expected to offer major gains<br />
to fastener distributors who use these programs -- has<br />
been triggered by the staggering popularity ChatGPT, the<br />
wunderkind AI chatbot from OpenAI.<br />
Since its release, the bot has continued to stun<br />
the world with its ability to auto-generate clear, concise,<br />
intelligent prose to virtually any question posed to it.<br />
As more than a billion-and-a-half-plus monthly users<br />
of ChatGPT already know, use of the chatbot involves<br />
little more than typing-in a question -- and in a matter of<br />
seconds -- getting back a lucid, erudite text response.<br />
That ability to respond to virtually any question<br />
has enabled the wonder-bot to easily pass bar exams,<br />
medical exams, engineering exams and similar.<br />
And that’s just for starters.<br />
ChatGPT, and its underlying software engine, GPT-4,<br />
has also been harnessed to auto-generate images and<br />
photos, auto-translate text into multiple languages, autowrite<br />
and auto-debug computer code, auto-create Web<br />
sites, auto-create music, auto-explain complex topics,<br />
auto-solve math problems, auto-serve as a virtual chat<br />
companion -- and more.<br />
All of these auto-generated tasks are usually<br />
completed in a matter of seconds.<br />
And all are created with nary a complaint by the<br />
software.<br />
It’s no wonder that the ChatGPT Web site is<br />
averaging 1.6 billion visits-per-month, has set a record<br />
CONTRIBUTOR ARTICLE<br />
SOME OF THE BIGGEST TITANS IN SOFTWARE ARE COMING OUT<br />
WITH NEW VERSIONS OF THEIR SUITES THAT WILL BE COMPLETELY<br />
REWORKED BY AI.<br />
for creating the fastest-growing user base ever and is<br />
expected to generate $1 billion in revenue by the close<br />
of <strong>2024</strong>, according to ToolTester.com (www.tooltester.<br />
com/en/blog/chatgpt-statistics/).<br />
In a phrase: ChatGPT has set the world’s hair on<br />
fire. And all the big -- and little -- guns of traditional<br />
software want in.<br />
Their plan: Take the magic of ChatGPT and repurpose<br />
it for use with every software app imaginable.<br />
“The reality is every company will undergo an<br />
AI transformation to increase productivity, drive<br />
efficiency, and deliver incredible customer and employee<br />
experiences,” says Marc Benioff, CEO, Salesforce.<br />
In practice, that means changing the focus<br />
of ChatGPT, or software similar to ChatGPT, from<br />
attempting to track, analyze and manipulate all the<br />
world’s knowledge -- and instead focus that same AI on<br />
tracking, analyzing and manipulating all the knowledge<br />
generated by a specific company or organization.<br />
CONTINUED ON PAGE 96