Articles by Scott Nelson
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Here in the Midwest, there are two things that get us excited in January. First, we can safely go ice fishing.
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Equipment Finance companies and banks are two industries irreversibly tied together by funding. The partnership is often collaborative, sometimes competitive and sometimes strategic via mergers and acquisitions.
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The key to managing risk is avoiding undesirable outcomes; so if a business can identify ways to lose with AI, the odds of gaining competitive advantage using it go up.
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Many technology and operational leaders will read the 2023 US Bank CFO report and say – “Cost control is a nail again and technology is the hammer. Nothing new here.” But this would be a short-sighted read and miss the opportunity to partner with the CFOs to leverage the most impactful technology trend in the past 20 years for equipment finance, AI.
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Whether you want to advocate for the use of AI in your organization, impress someone at an ELFA or NEFA event, or just channel your inner Cliff Clavin at the next neighborhood social event, here are my favorite AI insights so far in 2023.
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Are you getting tired of hearing about AI yet? Do you find headlines like “Why I can’t live without ChatGPT” or “AI can’t do my job” (I paraphrased both of those titles) esoteric, intimidating, or just plain boring at this point?
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