Wins AZBEE Award T
IR Update “AI in Practice” Article
he feature article, “AI in Practice—Insights From Seasoned IR Professionals,” which appeared in the
Fall 2023 issue ofIR Update magazine, won the National Bronze Award for Feature Articles in the American So- ciety of Business Publication Editors “AZBEE” Awards of Excellence competition. Te article featured content provided by Chris Sy-
manoskie, IRC, Vice President of Corporate Communi- cations at Atomic Biometrics; Gregg Lampf, IRC, Vice President of Investor Relations at Ciena Corporation;
ARTIFICIAL INTELLIGENCE
What can generative ar it fii
ficial iint ielligenc g e
do for you? Four IR professionals share ii
AI in Practice – Insights From Seasoned IR Professionals
BY AL RICKARD, CAE 8 FA L L 2 0 2 3 ■ IR UPDAT E
niri.org/ irupdate
niri.org/ irupdate
001470_NIRI_Fall2023_FINAL.indd 8
001470_NIRI_Fall2023_FINAL.indd 9 H
insightsg and spep ificific exam lples.
ow are investor relations officers (IROs) using artificial intelligence? In more ways than you might expect. A recent survey of NIRI Virtual IRC Lounge partici- pants found that 37% of IROs are using AI. Te top uses
are drafting scripts, summarizing research, and administrative tasks. Benefits include simplification of complex topics, generating new ideas, and saving time. Of course there are some concerns – accuracy, privacy, and compliance with Regulation FD are chief among them. Gaining management support and resources to develop AI applications remains a challenge, yet 25% of IROs say management is support- ing these efforts. As they continue to experiment with AI, many IROs see further benefits in targeting, sentiment analysis, developing Q&A docu- ments, and more. “As a finance professional, I have found that ChatGPT is a great
idea generator and has greatly assisted me in quickly crafting written content,” says Chris Symanoskie, IRC, Vice President of Corporate Communications at Atomic Biometrics. “My colleagues are also rapidly becoming skilled AI users, gaining critical insights that ac- celerate their IR practices and give them a competitive advantage.” Gregg Lampf, IRC, Vice President of Investor Relations at Ciena
Corporation, adds, “It’s your imagination that’s going to drive your passion and where you’re going to find opportunities using genera- tive AI. It’s about experimenting, talking to other people, and finding online resources to learn how to use these tools responsibly.” Lampf cautioned that there are many AI programs that are not
secure and he encouraged IROs to use enterprise versions of AI programs that include security features to protect privacy. With this security, many programs allow users to upload documents to provide fodder for gaining the best AI insights.
IR UPDAT E ■ FA L L 2 0 2 3 9
Evan Pondel, IRC, Founder of Triunfo Partners; and Amit Sanghvi, former Global Vice President, Capital Markets Plat- form at Q4. Sanghvi is now Founder & CEO of Humanity X.0. Te article was authored by Al Rickard, CAE, Editor-in- Chief of IR Update. IR
Stay Current With the Dynamic World of Accounting and SEC Reporting
SEC Institute’s mission is to provide cutting-edge SEC reporting, compliance, and accounting education through innovative Workshops and programs.
SECI is committed to helping public companies, auditors, investor relations professionals, and attorneys stay current requirements.
Visit
www.pli.edu/SECInstitute2024 to sign up today! Summer and Fall Workshop Dates available.
niri.org/ irupdate IR UPDAT E ■ S UMMER 2 0 24 7
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40
