Board of Trade holds 30th Fall Business Classic at National Museum of Women in the Arts

Board of Trade holds 30th Fall Business Classic at National Museum of Women in the Arts

The Greater Washington Board of Trade gathered more than 400 regional leaders and business professionals for our 30th Fall Business Classic on Oct. 26 at the National Museum of Women in the Arts. This annual gathering celebrates the importance of working together to connect our business community. 

The evening was highlighted by a spectacular and newly renovated venue, fascinating museum exhibits, and engaging conversations on regional business topics, which created a high-energy event. 

Regional collaboration is at the core of the Board of Trade’s mission, which makes convening the region’s leading business executives, community partners, and elected and appointed officials for meaningful conversations a valuable part of enhancing our region and its communities. 

Click here to view more pictures from FBC here 

Since our establishment in 1889, the Board of Trade has a history of bringing our region together for meaningful dialogues that lead to action. Over the decades this has included initiating D.C.’s subway development in the 1930s, helping form parks along our beautiful rivers, pushing for the development of the region’s airports, and helping bring organizations together to build entertainment and sporting venues in our region. 

We’d like to extend our thanks to all the sponsors, participants, and staff who put in tremendous effort to make this event a success. We look forward to continuing to build a brighter future for the Greater Washington region, one meaningful connection at a time. 

Our next featured event this fall with be the annual Capital Region Transportation Forum at Georgetown University. Click here to check out more and consider registering

This 2023 Fall Business Classic was presented by M&T Bank. Supporting Sponsors of this event are Bank of America, Bechtel, Capital One, Giant Food LLP, Miles & Stockbridge P.C., National Museum of Women in the Arts, Pepco, Ridgewells, Washingtonian Magazine, Wells Fargo, Western Transportation Group. 

Stay up to date on Board of Trade events here: https://www.bot.org/events 

Maryland and Virginia senate leadership discuss legislation and policies impacting the Greater Washington region

The Greater Washington Board of Trade’s Regional Policy Leadership Series brought Maryland Senate President Bill Ferguson and Virginia Senate President pro-tempore Luis Lucas together to discuss a broad range of topics spanning workforce and education, Transit, Economic and environmental sustainability, health and wellness, technology, the threat of government shutdown for the region, and legislative priorities for Maryland and Virginia in the coming cycle. The event, presented by G.S. Proctor and Associates, highlighted the importance of collaboration between jurisdictions in our region and the vital role that the Board of Trade plays in bringing decision makers together.  

From a workforce and talent development standpoint, both states are working to reevaluate and rework their education systems to function in the new economic landscape into which young students are graduating. As the cost of higher education continues to soar, Virginia’s focus on connecting higher education institutions with major jobs providers in the region in conjunction with a renewed focus and reinvestment into apprenticeship programs which provide a look into alternative paths not including higher education, ensure that Virginian’s are fully aware of the universe of educational paths before them. In Maryland, the blueprint for Maryland’s future is underway and focusing on every stage of education, investing in early childhood education by ensuring the availability of free or low cost child care for all four year olds and low income three year olds and working to ensure that no children make it through high school without having completed certificate or apprenticeship programs providing a clear career path forward.  

WMATA, the connective sinew of the region, was a big discussion point. Both legislatures are committed to solving the funding problems currently plaguing the body and are fully aware of the degree to which public transit in the region provides enormous potential for economic prosperity. Connecting MD, VA, and DC and creating seamless transitions between jurisdictions in the region is a fundamental bedrock of the local economy and as each jurisdiction moves toward electrification and fulfillment of environmental goals, is likely to become more and more important as public transportation must necessarily take a front seat in reaching those ends.  

https://www.youtube.com/watch?v=_eJyxb7JzDs

Both states have made historic gains in tax revenue and are being cautious when looking at their budgets in the near future. As federal COVID relief dollars begin to dry up, Ensuring that state budgets are not careening toward a funding cliff is vital for the long term sustainability of the region, leading the states to invest heavily in shorter term projects without substantial long term budgets which were designed to jump start movement toward equity in concert with many of the plans already mentioned in this discussion.  

Both senate presidents discussed what their respective states are doing to combat and ameliorate the effects of climate change. With Virginia’s senate resisting Youngkin’s calls for an exit from the Regional Greenhouse Gas Initiative, and Maryland focusing on a comprehensive set of fairly aggressive climate goals. Both jurisdictions are committed to the sustainability of these efforts and ensuring that the business interests throughout the region are on board and a part of ongoing discussions. Both presidents further concluded that the entire region would need to collaborate on many of these initiatives to ensure viability as both states are on “parallel paths”. 

Crime emerged as a discussion topic for both jurisdictions. Both legislatures are committed to addressing the root causes of violence through comprehensive programs including the expansion of mental health providers in the school system in an attempt to head off violent crime with prophylaxis rather than punishment. These efforts are also part of a broader focus on provision of mental health services to residents as we continue to see prolonged impacts of the COVID-19 epidemic especially on the youth of the region.  

https://www.youtube.com/watch?v=ejCj-jusWR8

Technology is taking a leading position in the development of the region as it undergoes an explosion in cutting-edge high-tech positions while struggling to contend with data privacy and potential job loss concerns associated with many of these new disruptive technologies. The entire region is working to utilize new technologies and reap as many benefits as possible from innovators in the region while remaining vigilant about protecting residents who are potentially vulnerable to some of the technologies’ negative externalities.  

Both Senate Presidents concluded with discussion of their legislative priorities which focused primarily on environmental sustainability and educational equity for Virginia, and addressing youth violence, creation of affordable housing, and prioritizing transportation investment in Maryland; both further concluding that they look forward to connecting with one another to discuss their plans and how the region can work more closely together on all of these goals. 

CLICK HERE TO WATCH THE FULL DISCUSSION

The Board of Trade will continue to connect the business community to information directly from policy makers through our Regional Policy Leadership Series (RPLS), ensuring that our members have the best up-to-date knowledge impacting regional policies. Stay tuned for our upcoming sessions with regional Senate Presidents, Attorneys General, Comptrollers, and more.  

This Regional Policy Leadership Series  webinar was presented by G.S. Proctor @ Associates. Supporting Sponsors of the event series are Comcast, Fox Rothschild LLP, Giant Food LLCG.S. Proctor & Associates Inc., Holland & Knight LLP, McGuireWoods Consulting LLC, McGuireWoods LLP, MGM National Harbor, First National Bank and Uber. Thank you for supporting the Greater Washington Board of Trade and our region’s business community.    

Stay up-to-date on Board of Trade events here: https://www.bot.org/events 

Let’s Collaborate: How to rebrand math for the future sucess of business in our region

Math is not just about equations but a vital skill for daily problem-solving, business success, and even landing on Mars. And in the Greater Washington region, it will help our communities grow, helping younger generations tackle issues facing transportation, economics, healthcare, and so much more.

Board of Trade President & CEO Jack McDougle joined WTOP and the Collaborative for Student Success in a discussion about why math matters for community success, why we need to help rebrand it to make it more popular to younger generations, and how we can help support its growth and necessity.

Below is the view interview from our discussion with WTOP. Read the full readout of the interview here.

https://www.youtube.com/watch?v=Lf_FsUyTTYs&t=1s

Check out more content from our partnership with WTOP to showcase how businesses in our region are helping grow and create stronger communities in Greater Washington here.

Want to learn more about upcoming events that help you engage in the Greater Washington business community? Stay up-to-date on Board of Trade events here: https://www.bot.org/events 

 

How research and evidence can chart the path to educational equity | WTOP Partnership

Originally posted by WTOP on behalf of the American Institues of Research (AIR) and the Board of Trade here.

In 1954, the landmark Supreme Court ruling in Brown v. Board of Education found that a “separate, but equal” education was unconstitutional and ordered U.S. public schools to desegregate. However, as we approach the 70th anniversary of this ruling, U.S. schools are far from integrated. In fact, a 2022 federal report shows that many U.S. schools remain deeply divided along racial, ethnic and economic lines, despite increasing diversity in the student population.

“This deepening segregation has serious and lasting effects on students, families and communities,” said Jessica Heppen, president of the American Institutes for Research (AIR), a nonpartisan, not-for-profit institution headquartered in Arlington, Virginia that conducts behavioral and social science research and delivers technical assistance domestically and globally. “Educational inequity is a self-perpetuating ecosystem that needs to be systematically examined and dismantled,” said Heppen, a researcher and expert in education policy and practice.

Improving education is core to AIR’s work with its clients and communities, as well as a key area of focus for the AIR Equity Initiative, the institution’s five-year, $105 million investment in addressing the effects of segregation by race and place through research, grant-making, partnerships and other activities.

“Increasing opportunities and improving outcomes will take collaboration among all facets of our communities—schools, housing, public safety, social services and more,” said Rashawn Ray, vice president and executive director of the AIR Equity Initiative. “We are working to actively build structures and systems that forge integration and create educational equity.”

Segregation results in disparate academic outcomes, opportunities and experiences for many students. For instance, data from the National Center for Education Statistics Equity in Education Dashboard shows that schools where more than 75 percent of the attendees were students of color were more likely to take disciplinary actions than other schools. This is a concern because research shows that discipline measures such as suspensions and expulsions have negative effects on students’ academic outcomes and attendance, and do little to change future behavior.

With Equity Initiative funding, AIR researchers are conducting a study of the Bridges Collaborative, which connects school districts, housing organizations and other groups to collaborate and learn from each other on strategies to integrate schools. (See what AIR has learned so far.)

Academic gaps and a road to recovery

The COVID-19 pandemic has exacerbated long-standing inequities in U.S. schools. This was seen vividly in the most recent mathematics and reading scores from the National Assessment of Educational Progress, a federally administered test given to a nationally representative sample of students across the U.S. Scores fell or stagnated, and gaps among different racial and ethnic subgroups widened.

Academic recovery efforts, such as extended learning time and tutoring, have made some headway, but not enough, according to research from AIR’s Center for Analysis of Longitudinal Data in Education Research, NWEA and Harvard University. While research shows such programs are working, most schools and districts have not been able to implement interventions at the scale needed to counter widespread learning losses.

Two complementary AIR projects are helping researchers and practitioners understand and address the effects of the pandemic.

The RESTART Network aims to collect evidence about practices that can promote student academic recovery, particularly among students from marginalized groups and those who experienced learning challenges prior to the pandemic. AIR leads the network, which is funded by the Institute of Education Sciences (IES) at the U.S. Department of Education.

AIR is also studying how states, districts and communities responded to the pandemic through the COVID-19 and Equity in Education: Longitudinal Deep Dive project, funded by the Bill & Melinda Gates Foundation and the AIR Equity Initiative. The COVID-19 and Equity in Education Enrollment Explorer, an interactive data tool AIR designed as part of the project, helps policymakers and educators analyze pre- and post-pandemic student enrollment trends by locality.

“These projects aim to bring together the research communities, so that we can speak with a clear voice about how to interpret the research and share evidence-informed recommendations that can help guide policymakers,” said Susan Therriault, an AIR Institute Fellow who is leading this work.

Putting evidence into action

While data can provide decisionmakers with some insight into where they should focus or how they may tackle educational inequities, help may be needed to put that evidence into action.

Through the Regional Educational Laboratories (REL), funded by IES, AIR collaborates with states, school districts and communities in two U.S. regions to identify and ameliorate challenges. For instance, in Chicago, a team from REL Midwest is working with educators from Jonathan Burr Elementary School to implement evidence-based math engagement strategies and better prepare students for success in advanced math. And a team at REL Southwest is working with the Arkansas Department of Education to see how different communications strategies can encourage families to access literacy resources. These are just a couple of examples of how AIR is working with states and communities to improve educational opportunities.

“We not only want to generate high-quality evidence about what works to improve educational equity, we also want to help schools, districts and communities put that evidence to work,” Heppen said. “That is how we can achieve our mission and improve people’s lives today and in the future.”

Regional Labor Leaders Gather for Workforce and Labor Discussion

Top labor officials from Virginia, Maryland, and the District of Columbia came together to discuss the future of labor markets and workforce development as part of the Board of Trade’s Regional Policy Leadership Series on Oct. 19. Sec. Portia Wu, Dr. Unique N. Morris-Hughes, and Sec. Bryan Slater discussed topics across the labor and workforce landscape including workforce development and retention, labor environment, intraregional cooperation, and preparing the region for the future impacts of emerging technologies like AI (Artificial Intelligence) before addressing the potential impacts of a government shutdown on the region’s labor market and economy as well and more detailed discussion of what intraregional collaboration should look like going forward.    

https://youtu.be/EXekjAV_XTc?si=CQUUmGIfkjKdTQh0
Sec. Portia Wu, Dr. Unique N. Morris-Hughes, and Sec. Bryan Slater each give an overview regarding labor and employment for their respective jurisdictions.

Across the region, all three jurisdictions are experiencing record low unemployment rates and are bouncing back from lower labor participation rates experienced throughout and in the aftermath of the COVID-19 pandemic. Bolstered by concerted efforts on the part of each jurisdiction to shore up existing and create new pipelines from education to the workforce, these employment numbers paint a picture of a region which is recovering rapidly from the malaise of the pandemic and working to engage young residents in the labor market to ensure that this rate of growth is stable and sustainable over time. 

Expansion of efforts to create labor pipelines from local resident students to the IT (Information Technology), Professional Services Management, and Hospitality and Tourism sectors promises to ensure that the region’s economy can be supplied with the local labor market, reinvesting in the current population. Job training programs like Virginia’s workforce innovation act, Blueprint for Maryland’s Future, and DC’s infrastructure academy represent an enormous investment in young residents and in ensuring that departments of labor and employment are able to connect students with the workforce through internship programs, apprenticeships, and signing days, offering tax credits for training programs in critical and growing industries and incentivization of youth involvement in job training programs.  

Continued investment into workforce retention programs like FAMLI and provision of mental health services at all points along the lifetime of an individual’s career promise to further improve the region’s bounce back from pandemic workforce participation levels and keep groups frequently at risk of dropping temporarily or permanently from the labor market engaged. Expanding the mental health care capacity through universal licensing recognition, telehealth services, and demand side subsidization will help to combat the burnout and provide much needed wrap around services to those working on the front lines of the economy.   

https://youtu.be/j_Z1Crqe3y4?si=VSMZG0vnoYR4hUgy
Sec. Portia Wu, Dr. Unique N. Morris-Hughes, and Sec. Bryan Slater discussed how regional jurisdictions are also preparing for the expansion of AI in the workplace.

Regional jurisdictions are also preparing for the expansion of AI in the workplace and setting out guardrails for where and how AI can be used to prevent unfair labor practices while actively utilizing artificial intelligences to ensure that every resident has the ability to start on equal ground in the labor market when searching for employment.   

Finally, panelists discussed their concerns regarding a potential government shutdown and the relative risks of a longer or shorter period as well as some loan programs designed to bridge unpaid working periods along with their desire to build a more robust model to protect the region’s largely federally reliant economy.   

Click here to watch the full interview. 

The Board of Trade will continue to connect the business community to information directly from policy makers through our Regional Policy Leadership Series (RPLS), ensuring that our members have the best up-to-date knowledge impacting regional policies. Stay tuned for our upcoming sessions with regional Senate Presidents, Attorneys General, Comptrollers, and more.  

This Regional Policy Leadership Series  webinar was presented by First National Bank. Supporting Sponsors of the event series are Comcast, Fox Rothschild LLP, Giant Food LLC, G.S. Proctor & Associates Inc., Holland & Knight LLP, McGuireWoods Consulting LLC, McGuireWoods LLP, MGM National Harbor, and Uber. Thank you for supporting the Greater Washington Board of Trade and our region’s business community.    

Stay up-to-date on Board of Trade events here: https://www.bot.org/events 

WMATA Provides Updates on FY25 Budget Deficit

At our Board meeting in May, WMATA’s General Manager and CEO, Randy Clarke, presented an overview of Metro’s operating and financial situation. At that time, reliability and services were improving and ridership was increasing though not yet to pre-pandemic levels. The General Manager also indicated the agency was forecasting a significant funding gap of $750 million for FY25 due to a variety of factors.  

Last week, management presented an updated financial picture along with potential remedies to help reduce the FY25 budget deficit. 

We are encouraged by management’s commitment to realizing internal cost savings and efficiencies. The nearly $100 million in one-time savings plus roughly $600 million in other reductions over the next 10 years is a good start and we expect that WMATA’s management and Board will continue working to identify additional improvements. 

However, a proposal to utilize capital funds to reduce the operating deficit is not desirable though might unfortunately be necessary. The structural problems that have impaired WMATA since its inception must be addressed to find a sustainable long-term solution. 

The Board of Trade will continue to work alongside the region’s elected and appointed officials, the Metropolitan Washington Council of Governments, the MetroNow Coalition, and other business and regional organizations to ensure WMATA is able to meet the region’s transit needs while operating effectively, efficiently, and safely. 

Metro services are critical to our region’s economy and quality of life; even more so as the region continues to change and grow. We must consider this an opportunity to think longer-term to create an integrated mobility system for all residents, businesses, and communities. 

Board of Trade joins WTOP for Small Business Septmember

What’s the current landscape for small businesses in our region?

Our President & CEO, Jack McDougle, joined WTOP and the Prince George’s Chamber of Commerce as part of supporting Small Business September. Throughout the month on WTOP, see, hear, and interact with information and advice from regional business leaders.

Watch Jack’s full discussion with WTOP below:

https://www.youtube.com/watch?v=EsJ95RDOOIs&t=4s

Transurban and VDOT open Fredericksburg I-95 Express Lanes

New Board of Trade member, Transurban, community leaders, along with state and local officials in Northern Virginia, commemorated the opening of a new 10-mile extension to the I-95 Express Lanes in Stafford County that will provide quicker transportation to and from the Greater Washington region.

These additional express lanes on I-95 heading to Fredericksburg officially opened, Thursday, Aug. 18, just in time for Labor Day Weekend and the remainder of peak summer travel season. The $670 million project, a public-private partnership between the Virginia Department of Transportation (VDOT) and Transurban, broke ground in 2019 and is part of a more extensive network of express lanes already servicing and providing congestion relief to Northern Virginia.

Virginia Governor Glenn Youngkin cut the ceremonial ribbon and stated, “The 95 Express Lanes provide faster, more reliable transportation along one of the Commonwealth’s busiest stretches of highway.”

With the opening of these additional lanes, the 95 Express Lanes have become the longest reversible road in the nation. Additional entry points will open later in 2023 adding more access to this much-needed transportation project that is reducing travel times in Northern Virginia.

Transurban currently operates the 495, 95, and 395 Express Lanes in our region bringing quicker travel times, reduced traffic, and more efficient operations to the region’s highways. These additional lanes are part of a two-phase system and when completed, are expected to bring more access to Marine Corps Base Quantico, the FBI Academy, and other facilities in the area.

Click to watch a full report on this project from NBC4 Washington

Board of Trade’s policy and legislative focuses heading into fall

Washington DC 

The D.C. Council passed emergency public safety legislation just prior to its departure for summer recess. This comes months after Congress, which has taken more interest in the district’s local affairs than in previous years, voted down the revised criminal code legislation. With violent crime up 37% on the year, considerable pressure was being applied on the D.C. Council to act prior to breaking for summer recess, likely a factor in what turned out to be a 12-1 vote. Also contributing to the bill’s passage was that it was emergency legislation, meaning it is only in effect for 90 days. As the D.C. Council returns from recess in September, a more permanent version of this legislation will need to be considered.  

While the Prioritizing Public Safety Amendment Act of 2023 had several components aimed at reducing violent crime and holding perpetrators accountable, such as creating a new offense for firing a gun in public, the portion of the legislation that stirred the most debate amongst council members and advocates was the pretrial detention of both juveniles and adults accused of certain violent crimes and offenses. It is important to note however that the scope of those eligible for pretrial detention was narrowed from previous proposals in order to get the support necessary to pass the legislation. This will undoubtedly continue to be a contentious area of discussion as a permanent version is debated. 

It remains to be seen what will ultimately be included in the permanent version of this legislation as well as whether it will be an omnibus-like bill or multiple individual bills. While the bill did incorporate components of Mayor Bowser’s original proposal, some measures were not eligible to be included. It is likely that additional portions of Mayor Bowser’s proposal will ultimately be included. Councilmember Brooke Pinto, who sponsored the bill, incorporated some measures of a bill she had previously introduced, the Accountability and Victim Protection Amendment Act of 2023. Additionally, measures to assist with the recruitment and retention of law enforcement personnel have also come up in discussions surrounding public safety efforts and should be considered as the legislation takes shape. 

Upcoming Policy Event with Regional Labor Leaders

Click here to register for this event

Virginia 

The standoff over the Commonwealth’s budget continues, months after Virginia General Assembly members departed Richmond following the conclusion of the legislative session. While an updated spending agreement is not technically required (due to the two-year budget passed last year along with a “skinny” budget earlier this year) billions of unallocated dollars remain, leaving priorities and initiatives of both parties unfunded. Conferees from the Republican controlled House and the Democratic controlled Senate have gone back forth over the past several months but remain at an impasse, all while Governor Youngkin continues to apply pressure to get it done and include permanent tax cuts for individuals and businesses when doing so. 

The latest proposal came from the Senate last week, which was in response to the House proposal made three weeks prior. It includes both one-time rebates along with the more controversial ongoing cuts that have been proposed. Whether or not it is enough to satisfy the House is yet to be seen, as a response from House Appropriations Chair Barry Knight is expected soon.  

Multiple factors are likely contributing to the delay in getting it done. Concerns regarding the economic uncertainty the future holds, specifically as it relates to permanent cuts, have been raised throughout the debate. However, these concerns have been somewhat mitigated by the updated revenue projections that have been released over the course of the last few months, showing the Commonwealth is currently in a strong financial position. The upcoming elections in November are also impacting the negotiations, as elected officials dedicate increased time to campaign efforts. As noted in a previous blog post, Virginia is experiencing historic turnover within its general assembly, not just in raw numbers but perhaps more importantly in experience. In the event an agreement is not reached, control of the House and Senate which will be determined in November will be all the more significant. 

Maryland 

Earlier this month, appointments to the Maryland Commission on Transportation Revenue and Infrastructure Needs were announced, along with the date of their first meeting on August 24th. The Commission is a result of SB 24, passed this past legislative session, whose 31 members consist of legislators, local elected officials, cabinet secretaries, industry, labor, and environmental organizations. The Commission will review, evaluate, and make recommendations concerning:  

  • the current State funding sources and structure of the Maryland Transportation Trust Fund, including major trends in revenue including the general funds; 
  • the methods other states are employing to fund state transportation operating and capital programs including toll revenue, vehicle-miles-traveled fees, fees on zero-emission vehicles, and non-transportation-related revenue options; 
  • short-and long-term construction and maintenance funding needs for transit, highway, pedestrian, bicycle, heavy rail, shipping, air travel, and other transportation needs; 
  • options for public-private partnerships, including partnerships with local governments, to meet transportation funding needs including funding options; 
  • changes in transportation technology and trends that will impact transportation infrastructure needs and costs to the State; 
  • existing practices for prioritizing project funding and options to better prioritize needs, including local and legislative priorities; 
  • the structure of regional transportation authorities and ability of these authorities to meet transportation needs in various regions of the State; 
  • options for sustainable, long-term revenue sources for transportation; and 
  • options for improving the Maryland Department of Transportation’s ability and capacity to deliver major capital projects. 

With Governor Moore advancing the Red Line in Baltimore, which was projected to cost roughly $2.9 billion nearly a decade ago, funding for projects in our region such as the American Legion Bridge 495/270 and addressing WMATA’s impending fiscal cliff, will be difficult to identify. 

How artificial intelligence is impacting jobs in communications and public relations

The Greater Washington Board of Trade hosted our Communications and Public Relations discussion featuring guest speaker Greg Kihlstrom, a published author, customer experience expert, and marketing technology transformation consultant, who spoke to our members about the impacts of artificial intelligence to the communications profession.

As we gathered to explore the various categories of AI and its impact on industries, it became evident that AI’s potential is boundless, offering innovative solutions and revolutionizing the way we approach automation.

One of the key highlights of the event was the introduction to Generative AI. Systems like ChatGPT and Dall-E Midjourney can generate content like text and images based on prompts. Witnessing the AI’s creativity in real-time left us in awe, and we couldn’t help but envision the endless possibilities for businesses and creative endeavors alike.

We also dived deep into Predictive Analytics, which intrigued everyone with its data-driven insights. The ability of AI to make accurate predictions about future outcomes using historical data and statistical modeling is nothing short of remarkable. From customer segmentation to churn prediction, the potential applications of Predictive Analytics left us inspired.

Going beyond traditional marketing automation, we explored the human touch of AI through Personalized Customer Journeys. This AI category focuses on delivering tailored experiences to individual customers based on their behaviors and preferences.

Workflow Automation, also known as Robotic Process Automation (RPA), was another engaging topic during the event. Learning how AI could automate routine tasks like report generation and customer service left us contemplating how much time and effort this could save for businesses, allowing employees to focus on more strategic and meaningful work.

As we discussed the potential of AI, it was crucial to address the concerns and risks associated with this technology. The threat of biases in decision-making and the need for transparency in machine learning models raised important ethical considerations. However, it was reassuring to see that these concerns could be managed and mitigated with responsible and thoughtful implementation.

Moreover, we couldn’t ignore the impact of AI on the job market. Contrary to common fears of massive job displacement, our discussion highlighted a more collaborative future. AI is expected to augment human capabilities, not replace them entirely. While repetitive tasks may be automated, humans will play a crucial role in curating AI-generated ideas and defining desired outcomes for AI optimization.

Overall, participants left this AI-focused discussion optimistic about the future of technology and its potential to transform industries for the better. We are excited to continue exploring AI’s possibilities and its responsible integration into our lives, maximizing its benefits, and creating a brighter, more efficient world.

The Communications & PR cohort is led by board members, Michael Akin, President of LINK Strategic Partners and Beth Johnson, Founder and CEO of RP3 Agency. Each roundtable session brings together communication professionals to discuss industry trends and share best practices. Share your thoughts on this series by filling out this survey.

 

Featured Members