ai Archives - MarketMasters Consulting https://MarketMasters Consulting .com/glossary-tags/ai/ MarketMasters Consulting Marketing Agency Thu, 05 Dec 2024 20:23:16 +0000 en-US hourly 1 https://MarketMasters Consulting .com/wp-content/uploads/2017/04/greenfavicon-50x50.png ai Archives - MarketMasters Consulting https://MarketMasters Consulting .com/glossary-tags/ai/ 32 32 AI Models https://MarketMasters Consulting .com/glossary/ai-models/ Theodore Moulos]]> Mon, 28 Oct 2024 21:25:12 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85573 AI models are computational systems designed to perform tasks that require human-like intelligence. They are built using machine learning algorithms and trained on large datasets to recognize patterns, make predictions, generate content, or interact in ways that simulate human responses.

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Which are the most common AI Models?


Large Language Models (LLMs): Text in, Text Out (note, Code is also a language). Examples include GPT4, GPT3, Charlie 1, Claude 3.5

Diffusion Models: Typically text to multimedia like images, video, audio. Examples include Stable Diffusion, Flux, Stable Video, midjourney

Text to Speech (TTS): Going from Text to Audio. Examples include ElevenLabs

Audio to Text: Going from Audio or Video with audio to text. Examples include OpenAI Whisper

Multimodal Models are different in that they typically can understand multiple modalities of data as inputs, and create multiple modalities. Most multimodal models are currently just different models stitched together with Langchain or other language driven architectures.

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Cues https://MarketMasters Consulting .com/glossary/cues/ Theodore Moulos]]> Thu, 17 Oct 2024 13:28:19 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85499 Cues are typically embedded in the prompt to guide the model’s output without prescribing a specific framework. They are helpful for fine-tuning the response to fit particular needs or contexts.

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What is a cue?


Cues are typically embedded in the prompt to guide the model’s output without prescribing a specific framework. They are helpful for fine-tuning the response to fit particular needs or contexts.

Cues are more specific signals or prompts used within those methods to refine or direct the response further.

Cues are elements within those strategies that further direct or fine-tune the response.

Some examples of cues?


Factual Information:
Cue: “According to recent studies…”
Example Prompt: “According to recent studies, how does sleep affect cognitive performance?”

Summarization:
Cue: “In summary,”
Example Prompt: “In summary, what are the main arguments presented in the article about climate change?”

Opinion or Perspective:
Cue: “In your opinion,”
Example Prompt: “In your opinion, what are the most significant challenges facing remote work?”

Step-by-Step Instructions:
Cue: “First, then, finally,”
Example Prompt: “Explain how to bake a cake. First, list the ingredients, then outline the preparation steps, and finally describe the baking process.”

Comparison:
Cue: “Compare and contrast,”
Example Prompt: “Compare and contrast the key features of electric cars versus hybrid cars.”

Definition or Explanation:
Cue: “Define,” or “Explain,”
Example Prompt: “Define blockchain technology and explain its potential impact on financial transactions.”

Clarification:
Cue: “In simple terms,”
Example Prompt: “In simple terms, how does the internet work?”

Creative Response:
Cue: “Imagine if,”
Example Prompt: “Imagine if humans could live on Mars. Describe what daily life might look like.”

Positive Emphasis:
Cue: “Highlight the benefits of,”
Example Prompt: “Highlight the benefits of using renewable energy sources over fossil fuels.”

Neutral Tone:
Cue: “Objectively discuss,”
Example Prompt: “Objectively discuss the pros and cons of implementing universal basic income.”

Historical Context:
Cue: “Historically,”
Example Prompt: “Historically, how have major technological advancements influenced job markets?”

Speculative Scenario:
Cue: “What if,”
Example Prompt: “What if artificial intelligence could fully replicate human emotions? How might this affect human-robot interactions?”

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Design Thinking https://MarketMasters Consulting .com/glossary/design-thinking/ Theodore Moulos]]> Mon, 28 Oct 2024 21:33:38 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85575 Design thinking is a problem-solving approach rooted in human-centered design principles, emphasizing empathy, creativity, and collaboration.

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What is design thinking?

Design thinking is a problem-solving approach rooted in human-centered design principles, emphasizing empathy, creativity, and collaboration.

Where is design thinking applied?

Often used in product development, service design, and even business strategy, design thinking encourages teams to look beyond assumptions and explore solutions from the user’s perspective.

What’s the Stanford method to engage all stakholders in Design Thinking

The Stanford d.school (Hasso Plattner Institute of Design at Stanford University) popularized a structured, human-centered approach to design thinking. Their methodology focuses on empathizing deeply with users and iterating designs based on continuous feedback. It’s widely used in product design, service development, and problem-solving across various industries. Here’s an overview of the core steps:
Empathize: Understand the users and their needs through immersive research. This stage involves interviewing, observing, and connecting with users to gain insights into their perspectives, desires, and pain points.
Define: Synthesize the findings from the empathize stage to pinpoint the core problem. Here, the goal is to create a clear problem statement that captures the user’s needs and the challenge the design will address.
Ideate: Generate a wide range of creative solutions. This phase emphasizes brainstorming without judgment, allowing for out-of-the-box ideas that may later be refined or combined into more practical solutions.
Prototype: Develop tangible representations of the ideas, often starting with low-fidelity models that can be quickly built and tested. Prototyping allows designers to explore different solutions and uncover potential issues early on.
Test: Present the prototypes to users, collect feedback, and observe interactions. This stage reveals which aspects work well and which need adjustment. Testing may lead to iterations, taking the design back through previous stages to refine the solution.

Can the principles of Design Thinking be used when building an AI solution?

Yes, design thinking principles can be very effective in building AI solutions, as they foster a human-centered approach to developing technology that directly addresses user needs and challenges. When applied to AI projects, design thinking can help teams create more user-friendly, ethically sound, and impactful solutions. Here’s how each design thinking stage can align with the AI development process:
1. Empathize: Understand the User Context and Problem
Goal: Gain a deep understanding of the user’s needs, motivations, and pain points to identify where AI can provide value.
Actions: Conduct interviews, observe workflows, and engage directly with users who will interact with the AI solution. For example, if you’re building an AI chatbot for customer support, understand the types of questions users ask and the frustrations they encounter with current solutions.
2. Define: Clearly Identify the Problem and Scope
Goal: Translate user insights into a clear, concise problem statement that the AI will address.
Actions: Define what the AI solution needs to accomplish, such as improving efficiency, predicting certain outcomes, or enhancing customer experience. This stage also includes identifying any ethical considerations, biases in the data, or transparency needs the AI must meet.
3. Ideate: Explore Potential AI Solutions
Goal: Brainstorm different AI-based approaches and features that could solve the problem identified.
Actions: Involve data scientists, AI engineers, domain experts, and designers to propose multiple AI models, algorithms, and frameworks. For example, brainstorm whether a machine learning model, a recommendation engine, or a natural language processing algorithm best addresses the problem.
4. Prototype: Develop Early Versions of the AI Model
Goal: Create low-fidelity models or simulations of the AI solution to test its effectiveness and usability.
Actions: Develop initial, simplified versions of the AI model with a subset of data to explore performance and functionality. Build interactive demos or mockups for user testing, even before full-scale implementation, so you can gather early feedback.
5. Test: Validate with Real Users and Iterate
Goal: Validate the AI’s accuracy, usefulness, and ease of use with the intended audience, and identify areas for improvement.
Actions: Conduct user testing to observe how users interact with the AI, gather quantitative and qualitative feedback, and identify any bias or unintended outcomes. Based on this feedback, refine the model, adjust its scope, or retrain it with new data. Testing also reveals the importance of transparency, so users understand how AI decisions are made.

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Econometrics https://MarketMasters Consulting .com/glossary/econometrics/ Theodore Moulos]]> Wed, 27 Nov 2024 17:36:01 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=86242 Econometrics is the application of statistical and mathematical methods to analyze economic data and test hypotheses, bridging economic theory with real-world evidence.

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What is “econometrics”?

Econometrics is a branch of economics that applies statistical and mathematical methods to analyze economic data, test theories, and evaluate policies. It combines economic theory, mathematics, and statistical techniques to study relationships between economic variables and to forecast future trends. Econometrics is essential for translating abstract economic concepts into measurable, empirical insights. People confuse that with GenAI and chatGPT.

Examples of econometrics models?

For example, econometric models might be used to estimate the impact of education on income levels by analyzing data from various demographic groups, controlling for factors like age and experience. Similarly, it can assess how changes in interest rates influence consumer spending, providing valuable information for policymakers and financial institutions. By grounding economic analysis in data, econometrics bridges theory and real-world application.

How do I know if using an econometric model is best for my decision-making?

Econometric models are ideal for hypothesis testing and policy evaluation in economics.
Here are some more examples:
1. Estimating the impact of interest rates on GDP.
2. Understanding the relationship between education levels and income.

Why MarketMasters Consulting deals with Econometric Models? Do they apply to marketing?

Yes, econometrics applies to marketing by using statistical methods to analyze consumer behavior, evaluate marketing strategies, and measure the effectiveness of campaigns. For example, econometric models can help determine the impact of advertising spend on sales, optimize pricing strategies, or forecast demand based on past trends and external factors. This data-driven approach enables marketers to make more informed and effective decisions.

Can I apply econometrics in ChatGPT?

ChatGPT itself does not perform econometric analysis directly. Instead, you can use ChatGPT as a support tool in various stages of the econometric workflow, such as:
1. Problem Definition and Hypothesis Generation
2. Model Selection (e.g., linear regression, panel data models) and suggest which ones might suit your problem.
3. Data Preparation Guidance
4. Interpretation of Results
5. Writing Reports
6. Scenario Simulations

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GAI (Generative AI) https://MarketMasters Consulting .com/glossary/gai-generative-ai/ Theodore Moulos]]> Tue, 13 Aug 2024 10:18:18 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=84979 GAI technology leverages large language models (LLMs) trained on huge datasets to generate human-like text

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What is GAI

ChatGPT and similar tools like Bard, Anthropic’s Claude, and Bing Chat utilize generative AI (GAI) technology to quickly produce coherent language in various styles, formats, and tones. GAI technology leverages large language models (LLMs) trained on huge datasets to generate human-like text, making it useful for content creation, communication, and creative writing tasks. GAI-powered chatbots can produce comprehensive, cohesive essays, catchy social media blurbs, or detailed outlines in seconds.

What are the sources of Chatgpt and other GAI bots?

OpenAI, the organization behind ChatGPT, has not publicly disclosed the specifics of the individual datasets used, however, it’s known that the model was trained on a diverse range of text sources, which includes a broad spectrum of publicly available information on the internet.
On May 16, Reddit announced a partnership with OpenAI to provide its content to the widely-used chatbot, ChatGPT. This news led to a 12% increase in Reddit’s shares during extended trading. The collaboration highlights Reddit’s strategy to expand beyond its advertising revenue, coming on the heels of a recent partnership with Google to make its content available for training Google’s AI models or Google’s SERPs. Similarly, ChatGPT has also teamed up with LinkedIn Pulse and Quora, integrating their articles into its training dataset.

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GEO (Generative Engine Optimization) https://MarketMasters Consulting .com/glossary/geo-generative-engine-optimization/ Theodore Moulos]]> Tue, 13 Aug 2024 10:26:02 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=84981 GEO involves optimizing content specifically for AI-driven search engines, known as generative engines

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What is GEO?

Generative Engine Optimization (GEO) is an emerging term in the digital marketing landscape. Similar to Search Engine Optimization (SEO) and App Store Optimization (ASO), GEO involves optimizing content specifically for AI-driven search engines, known as generative engines. These engines, powered by large language models (LLMs) like ChatGPT, synthesize information from multiple sources to deliver comprehensive and personalized responses to user queries.

Are traditional SEO strategies such as Surround Sound SEO and Micro-monopoly affecting GEO?

Generative engines excel at creating cohesive and innovative content by synthesizing vast amounts of information. By building a micromonopoly, you create a specialized niche where your content becomes the authoritative source. Surround Sound SEO complements this by ensuring your content appears across multiple top-ranking pages, rather than just aiming for the top spot on search engines.
Combining the principles of building a micromonopoly with the theory of Surround Sound SEO offers a robust strategy to enhance Generative Engine Optimization (GEO). This approach not only helps you dominate a niche but also ensures that your content is highly visible and consistently utilized by generative engines.

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Helpful Content Algorithm https://MarketMasters Consulting .com/glossary/helpful-content-algorithm/ Theodore Moulos]]> Mon, 18 Nov 2024 14:36:01 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85984 Google's "helpful content algorithm" is designed to prioritize content that is created primarily to assist and inform users, even if it has been generated or assisted by AI.

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What is Google’s “helpful content algorithm”?

Google’s “helpful content algorithm” is designed to prioritize content that is created primarily to assist and inform users, rather than content crafted solely to perform well in search engine rankings.

Introduced in August 2022, prior to the surge in AI-generated content, Google’s “helpful content algorithm” aims to improve search result quality by prioritizing content created for users over material designed primarily for search engine optimization (SEO). This approach addresses concerns about potential penalties for AI-generated content, emphasizing that the use of AI in content creation is acceptable as long as the final product is valuable and relevant to the intended audience.

Does it affects our Rankings?

Google’s “helpful content algorithm” is designed to prioritize content that is genuinely useful and informative to users, rather than material created solely to perform well in search engine rankings. This means that if your content is crafted with the primary goal of assisting and engaging your audience, it is likely to be favored by this algorithm, potentially improving your search rankings. Conversely, content produced primarily for search engine optimization (SEO) purposes, without genuine value to users, may be devalued, which could negatively impact rankings as per Google Developers

It’s important to note that the algorithm does not penalize the use of AI in content creation per se. As long as the final deliverable is useful and relevant to the intended audience, the method of content production—whether AI-generated or not—should not adversely affect your rankings.

Which are the criteria or guidelines it sets?

The guidelines for helpful content are separated in two (2) categories:
Category 1: Content and quality 
* Does the content provide original information, reporting, research, or analysis? 
* Does the content provide a substantial, complete, or comprehensive topic description? 
* Does the content provide insightful analysis or interesting information that is beyond the obvious? 
* If the content draws on other sources, does it avoid copying or rewriting those sources and provide substantial additional value and originality instead? 
* Does the main heading or page title provide a descriptive, helpful content summary? 
* Does the main heading or page title avoid exaggerating or being shocking in nature? 
* Is this the sort of page you’d want to bookmark, share with a friend, or recommend? 
* Would you expect to see this content in or referenced by a printed magazine, encyclopedia, or book? 
* Does the content provide substantial value when compared to other pages in search results?
* Does the content have any spelling or stylistic issues? 
* Is the content produced well, or does it appear sloppy or hastily produced? 
* Is the content mass-produced by or outsourced to a large number of creators or spread across a large network of sites so that individual pages or sites don’t get as much attention or care? 

Category 2: Expertise 
* Does the content present information in a way that makes you want to trust it, such as clear sourcing, evidence of the expertise involved, background about the author or the site that publishes it, such as through links to an author page or a site’s About page? 
* If someone researched the site producing the content, would they come away with an impression that it is well-trusted or widely-recognized as an authority on its topic? 
* Is this content written or reviewed by an expert or enthusiast who demonstrably knows the topic well?
* Does the content have any easily verified factual errors?

What’s happening with content we had before that date?

Google’s “helpful content algorithm,” introduced in August 2022, evaluates all content on your website, regardless of when it was published. This means that content created before this date is subject to the same assessment criteria as newer material. If your existing content is user-focused, informative, and provides genuine value, it should continue to perform well in search rankings. However, content that was primarily crafted to manipulate search engine rankings without offering substantial value to users may experience a decline in visibility.

To ensure your older content aligns with the current algorithm, consider conducting a comprehensive content audit. This process involves reviewing and updating existing material to meet Google’s emphasis on helpfulness and user intent. By refining your content to be more user-centric, you can maintain or even improve your search performance under the updated algorithm.

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Methods https://MarketMasters Consulting .com/glossary/methods/ Theodore Moulos]]> Thu, 17 Oct 2024 13:31:02 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85501 Methods are systematic approaches or frameworks for crafting prompts that yield more structured, relevant, or insightful responses from ChatGPT.

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What’s the method (in prompting)?


Methods are systematic approaches or frameworks for crafting prompts that yield more structured, relevant, or insightful responses from ChatGPT. They help users get the desired output by applying a predefined strategy or format.

Methods are broader strategies or frameworks that provide a structured approach to interacting with ChatGPT.

Methods define the overall strategy or approach for engaging with ChatGPT.

What’s the relation of methods vs. cues?

Cues and methods complement each other. Methods provide a broad framework for the interaction, while cues are used within these frameworks to guide the response’s specifics, ensuring that it aligns with the user’s needs and expectations.

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non-linear marketing https://MarketMasters Consulting .com/glossary/non-linear-marketing/ Theodore Moulos]]> Mon, 28 Oct 2024 21:09:22 +0000 https://MarketMasters Consulting .com/?post_type=glossary&p=85571 Non-linear marketing is a transformative approach where businesses interact with their audiences in a more dynamic, adaptable way rather than following a traditional, fixed sequence of steps.

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What is Non-Linear Marketing?

Non-linear marketing is a transformative approach where businesses interact with their audiences in a more dynamic, adaptable way rather than following a traditional, fixed sequence of steps. Unlike the linear model (where customers are guided through a set path, such as a click-through to a form), non-linear marketing allows for flexible paths in lead generation, capture, and nurturing. AI-driven methods, such as chat interactions, exemplify this by enabling conversations where both the business and the customer can deviate from a fixed script, accommodating a more natural flow of questions, answers, and information.

Why Has Non-Linear Marketing Recently Entered Marketing Jargon?

Non-linear marketing has become popular recently due to the rise of AI and conversational technologies that can engage customers in flexible, personalized ways. These technologies allow businesses to support more interactive, fluid customer journeys that adapt to individual behaviors rather than forcing them through a rigid series of steps. This shift is significant as AI-powered conversations are becoming more prevalent in customer engagement, making it essential for marketers to integrate and understand non-linear marketing approaches.

Is Non-Linear Marketing a New Term?

The term “non-linear marketing” is relatively new in its current context, especially as it pertains to digital interactions and AI-powered lead generation. Although concepts of flexibility and personalization have long been part of marketing, non-linear marketing specifically reflects a shift away from traditional, sequential funnels to more adaptable engagement models driven by recent advancements in AI and conversational marketing tools.

Are AI chatbots capable of supporting non-linear marketing?

Yes, AI chatbots are particularly well-suited to support non-linear marketing due to their flexible, conversational capabilities. Here’s how they can enhance non-linear marketing:
1) Adaptable Conversation Flow
AI chatbots can respond dynamically to user inputs, allowing customers to ask questions or request information out of a pre-set sequence. For example, instead of following a rigid, scripted path, chatbots can adjust to the customer’s unique inquiries or concerns, maintaining engagement without requiring them to follow a traditional funnel. This flexibility is at the core of non-linear marketing.
2) Real-Time Personalization
Chatbots can collect data during interactions and instantly adjust responses based on the user’s preferences, behavior, or location. This personalized, in-the-moment customization provides a more relevant experience, moving away from a “one-size-fits-all” approach and letting the customer drive their journey more organically.
3) Continuous Lead Nurturing
AI chatbots enable continuous lead nurturing by adapting to a customer’s stage in their journey. They can respond to new queries, pick up on previous interactions, and offer different types of information depending on the customer’s current needs, which enhances the non-linear nature of the customer experience. This flexibility means that the interaction can flow according to the customer’s needs rather than a preset linear funnel.
4) Handling “Off-Script” Moments
Unlike traditional scripted interactions, AI chatbots can handle deviations without derailing the conversation. For instance, if a customer asks product-specific questions during a more general onboarding process, the chatbot can accommodate these “off-script” moments, provide relevant answers, and then naturally guide the customer back to the core engagement path.
5) Collecting Feedback and Iterating on Engagement Paths
AI chatbots also collect data from each interaction, allowing businesses to understand common deviations or questions that users bring up. This helps marketers refine the bot’s responses and engagement strategies to align even more closely with customer needs, continuously enhancing the non-linear experience.

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