Insider Insights
Why is it called Generative AI?
The key benefit of “Generative AI” is that it creates something new – AI will only recycle what exists. Generative AI uses probability in various ways to generate content and make decisions. Isaac Asimov wrote that AI is “Logical, not reasonable” which I believe is a critical insight to remember. Generative AI might be unreasonable, but at least it’s far more interesting!
Dan Marsh ~ Co-Chairman, Hinz Consulting
Overview
- Generative AI has a unique ability to create new content, distinguishing it from other AI models that recognize patterns or perform specific tasks. This generative nature extends into multiple modes, including images, text, and music, showcasing its role as a creative contributor.
- The term ‘Generative’ underscores a level of creative autonomy within these models, highlighting their capacity to produce outputs learned from training data.
- Generative Adversarial Networks (GANs), a class of machine learning models, play a crucial role in refining and improving the generative capabilities. They employ a generator-discriminator adversarial process. We’ll discuss this in future editions.
Culture Corner
“Happy Thanksgiving! In the spirit of the holiday, we’d like to express our gratitude for the incredible teams and colleagues that make our workplace special. Take a moment today to count your blessings because every bit of teamwork deserves acknowledgment. Let’s collectively celebrate the power of appreciating one another. Wishing you a season filled with gratitude!”
Angela Marsh ~ SVP, Org. Development, Hinz Consulting
Leveraging Generative AI To Enhance Your Competitive Intelligence Practice
“Generative AI revolutionizes competitive intelligence by automating data processes, predicting market trends, and streamlining competitor profiling. With advanced natural language processing, it offers a comprehensive understanding of the competitive landscape, empowering organizations to make proactive decisions and adapt their go-to-market strategies in constantly changing markets.”
Chris Placzek ~ SVP, Pricing Services, Hinz Consulting
Key Takeaways
- Enhanced Automation and Efficiency. Generative AI significantly enhances the automation of competitive intelligence processes. By leveraging advanced natural language processing capabilities, these models efficiently process vast amounts of unstructured data from diverse sources, which provides organizations with a quicker and more robust understanding of the competitive landscape.
- Predictive Insights for Proactive Decision-Making. The predictive capabilities of generative AI, enable organizations to make proactive decisions. By simulating potential competitor responses and dynamically adjusting pricing strategies based on real-time market dynamics, organizations can anticipate challenges and mitigate them.
- Holistic Competitor Profiling and Strategic Adaptation. Generative AI facilitates comprehensive competitor profiling by automatically analyzing financial reports, press releases, and online content. This automated profiling equips organizations with a deeper understanding of competitors’ strengths, weaknesses, and strategic priorities.
AI Corner
SPEED
“As a team, AI’s the calculator and you’re the creative empathizer. Generative AI can write 1000 words 10x faster than you can. It also reads through 45,000 documents in the company library in the same minute. Using AI means you can take back your weekend!”
Josh Thiel ~ SVP, Hinz AI COE, Hinz Consulting
WORLDWIDE PROTECTIVE SERVICES || TO 2016 -004 – BDSC
“At Hinz Consulting, we thrive on transforming challenges into triumphs. Our dedicated 9-person team seamlessly executed a $200M bid for the Baghdad Diplomatic Support Center, delivering a compelling and fully compliant proposal that sets a new standard for excellence in government contracting.”
~Hinz Consulting
Overview
- Comprehensive Proposal Team: Hinz deployed a dedicated 9-person team, including a Proposal Manager, Coordinator, Writers, Graphics, DTP, and Production, showcasing a commitment to excellence in assembling a robust proposal for the Baghdad Diplomatic Support Center task order.
- Strategic Bid Enhancement: Faced with a challenging task order valued at approximately $200M, Hinz successfully transformed the client’s previous poorly reviewed bids for professional armed guard services into a compelling case.
- Exceptional Outcome: Hinz’s efforts resulted in the delivery of a higher quality, fully compliant, and compelling proposal. The improved submission significantly outperformed the client’s previous bids in internal reviews, affirming the team’s ability to elevate the client’s position in the competitive landscape of government contracting for the Baghdad Diplomatic Support Center task order.
As we wrap up this edition of ‘Hinz Sight,’ we thank you for joining us on this journey through the intricacies of government contracting. Remember, hindsight is not about looking back—it’s about moving forward with the clarity and confidence gained from our shared insights.
Warm regards,
The Hinz Consulting Team
