{"id":39,"date":"2025-08-08T18:07:30","date_gmt":"2025-08-08T18:07:30","guid":{"rendered":"https:\/\/foothillscientific.com\/blog\/?p=39"},"modified":"2025-08-08T18:15:39","modified_gmt":"2025-08-08T18:15:39","slug":"artificial-intelligence-in-practice","status":"publish","type":"post","link":"https:\/\/foothillscientific.com\/blog\/non-dilutive-funding\/artificial-intelligence-in-practice\/","title":{"rendered":"Artificial Intelligence in Practice"},"content":{"rendered":"\n<p>I thought about having AI generate this post but I know there are tools that rate the amount of AI in writing. It\u2019s ironic that those tools are probably AI driven\u2026<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<p>As a consultant, paid for his subject matter expertise, AI is going to be disruptive. We will be there with the most impacted professions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What is the value of 30 years of industry experience when AI can provide 100 years in less time than I can send an email describing the value of my experience to a prospective client?<\/li>\n<\/ul>\n<\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For the writing that we do, in our case particularly for non-dilutive financing, how do we get paid for our effort when AI can generate a comparable document for a fraction of the effort and cost?<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What about the project management services we offer? How is that going to change?<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How do we manage the pace of the change even as we\u2019re challenged to accommodate the quantum environmental challenges in drug development, particularly biologics.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p>Like with the other professions, the answer is in adaptation. And being very thoughful and deliberate in the use of the available tools. Taking advantage of the efficiencies offered by AI.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<p>It\u2019s also in setting expectations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>With our adoption and use of the tools.<\/li>\n\n\n\n<li>With our clients in what value we provide.<\/li>\n\n\n\n<li>How best to use the benefits that AI makes possible.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<p>Limitations.<\/p>\n\n\n\n<p>I\u2019ve been reading predictions about the coming reductions in the value of AI as it begins to feed on itself, bolsters and reinforces inaccuracies in the record, and eventually becomes a victim of GI\/GO.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<p>But there are other limitations that we as consultants need to ensure that we\u2019re emphasizing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AI can make cashflow predictions for a small business. It cannot understand what it\u2019s like to have to take money from our kids college fund to make payroll \u2013 that empathy is critical to what we do.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AI can analyze an investment document and give input on win-win based on current conditions. AI cannot go face-to-face with a VC fund manager that wants to extract just a few more concessions.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AI can predict the win % of applying to a particular NDF opportunity with information we provide. It cannot appreciate the value of a wild card bid submitted because we know a reviewers particular hot points.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p>At its best, the combination of Consultant and AI is going to provide more value at a better cost to our Clients. At worst, it\u2019s going to shift reliance to a compiled set of experiences and mismanage the human factor.<\/p>\n\n\n\n<p>I expect we\u2019ll be somewhere in the middle but closer to more value \/ better cost.<\/p>\n\n\n\n<p>And now the AI version:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p>I thought about having AI generate this post, but I\u2019m aware that there are tools out there that can measure the amount of AI influence in writing. It\u2019s ironic, though, that those tools are probably AI-driven\u2026<\/p>\n\n\n\n<p>As a consultant, paid for my subject matter expertise, I can\u2019t help but think that AI is going to be disruptive. We\u2019re among the most impacted professions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What is the value of 30 years of industry experience when AI can process 100 years of data in less time than it takes me to send an email explaining the value of my experience to a prospective client?<\/li>\n\n\n\n<li>For the writing we do, particularly in the realm of non-dilutive financing, how do we justify our fees when AI can generate a comparable document at a fraction of the effort and cost?<\/li>\n\n\n\n<li>What about the project management services we provide? How will that change?<\/li>\n\n\n\n<li>How do we manage the pace of this transformation, especially as we\u2019re expected to address the quantum environmental challenges in drug development, particularly in biologics?<\/li>\n<\/ul>\n\n\n\n<p>As with other professions, the answer lies in adaptation. And in being very thoughtful and deliberate about how we use the tools available to us. We need to take full advantage of the efficiencies AI offers.<\/p>\n\n\n\n<p>It\u2019s also about setting expectations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>With our own adoption and use of AI tools.<\/li>\n\n\n\n<li>With our clients in terms of the value we provide.<\/li>\n\n\n\n<li>In how best to leverage the benefits that AI makes possible.<\/li>\n<\/ul>\n\n\n\n<p>There are limitations, though. I\u2019ve been reading predictions about the decreasing value of AI as it starts to feed on itself, reinforcing inaccuracies and eventually falling victim to the &#8220;Garbage In, Garbage Out&#8221; (GI\/GO) phenomenon.<\/p>\n\n\n\n<p>But as consultants, there are other limitations we need to emphasize:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AI can predict cashflow for a small business, but it can\u2019t understand the gut-wrenching feeling of pulling from our kids\u2019 college fund to make payroll\u2014an empathy that\u2019s critical to what we do.<\/li>\n\n\n\n<li>AI can analyze an investment document and provide input on win-win scenarios based on current conditions, but it can\u2019t sit across the table from a VC fund manager pushing for just a few more concessions.<\/li>\n\n\n\n<li>AI can predict the win percentage for a particular NDF opportunity based on the data we provide, but it can\u2019t appreciate the value of a wild card bid because we understand the reviewer\u2019s personal hot points.<\/li>\n<\/ul>\n\n\n\n<p>At its best, the combination of consultant and AI will deliver more value at a better cost to our clients. At its worst, it\u2019ll rely too heavily on a compiled set of experiences and mismanage the human factor.<\/p>\n\n\n\n<p>I expect we\u2019ll land somewhere in the middle, but closer to delivering more value at a better cost.<\/p>\n\n\n\n<p>Mark Logomasini, MBA, PMP<br>Managing Partner<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I thought about having AI generate this post but I know there are tools that rate &hellip; <a title=\"Artificial Intelligence in Practice\" class=\"hm-read-more\" href=\"https:\/\/foothillscientific.com\/blog\/non-dilutive-funding\/artificial-intelligence-in-practice\/\"><span class=\"screen-reader-text\">Artificial Intelligence in Practice<\/span>Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":41,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[7,6,8,9,11,5],"class_list":["post-39","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-dilutive-funding","tag-dod","tag-grant-funding","tag-hhs","tag-nih","tag-non-dilutive-funding","tag-usg-grant"],"_links":{"self":[{"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":1,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":40,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions\/40"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/media\/41"}],"wp:attachment":[{"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foothillscientific.com\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}