{"id":2815,"date":"2024-04-30T16:16:41","date_gmt":"2024-04-30T15:16:41","guid":{"rendered":"https:\/\/www.praxonomy.com\/blog\/?p=2815"},"modified":"2024-05-13T12:33:55","modified_gmt":"2024-05-13T11:33:55","slug":"here-come-the-ai-point-solutions","status":"publish","type":"post","link":"https:\/\/www.praxonomy.com\/blog\/here-come-the-ai-point-solutions\/","title":{"rendered":"Here come the AI point solutions, one of which will write your meeting minutes for you"},"content":{"rendered":"\n<p><strong>By Jay Shaw<\/strong> and <strong>Alan Hewitt<\/strong><\/p>\n\n\n\n<p><em>New AI products continue to arrive at a dizzying pace. Some will change the way we think and work while others will promise much but deliver less. Here,  <a href=\"https:\/\/www.linkedin.com\/in\/jayshaw\/\">Jay Shaw<\/a> (Praxonomy CEO) and <a href=\"http:\/\/linkedin.com\/in\/alan-f-hewitt\/\">Alan Hewitt<\/a> (Praxonomy NED) discuss the pros and cons of one of the latest products coming to market.<\/em><\/p>\n\n\n\n<p>In the pro camp <strong>Jay<\/strong> says:<\/p>\n\n\n\n<p>This August, <a href=\"https:\/\/www.limitless.ai\/\">Limitless<\/a>, the newly re-named Rewind.ai Silicon Valley tech company, is bringing what looks like a Sci-Fi pendant to market.<\/p>\n\n\n\n<p>The Limitless device will listen in on your meeting conversations and automagically produce transcripts, notes and summaries which you can turn into meeting minutes.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.matthewberman.com\/\">Matthew Berman<\/a> released a good youtube video on the product. You can find it <a href=\"https:\/\/www.youtube.com\/watch?v=aqGIrJC5j60\">here<\/a>.<\/p>\n\n\n\n<p>The main points seem to be that Limitless is:-<\/p>\n\n\n\n<ul>\n<li><strong><span style=\"color:green;\">Personal<\/span><\/strong> \u2014 it\u2019s a cute little wearable device that works along with a phone and\/or laptop application and keeps your data encrypted and under your control.<\/li>\n\n\n\n<li><strong><span style=\"color:green;\">Cheap<\/span><\/strong> \u2014 Limitless will cost you a US$99 one-time fee plus a monthly $19 \u201cPro\u201d subscription fee for \u201cConfidential Cloud\u201d storage so you can access your meeting records from various devices and access a number of coming enhancements (precise details of which have yet to be announced).<\/li>\n\n\n\n<li><strong><span style=\"color:green;\">Stylish<\/span><\/strong> \u2014 it comes in your choice of bright, Apple-like colors.<\/li>\n\n\n\n<li><strong><span style=\"color:green;\">Long-lasting<\/span><\/strong> \u2014 the initial release version will come standard with 100 hours of battery life.<\/li>\n\n\n\n<li><strong><span style=\"color:green;\">Production-proven<\/span><\/strong> \u2014 the company\u2019s predecessor Rewind application does something similar and actually works though it\u2019s a little bit simpler.<\/li>\n\n\n\n<li><strong><span style=\"color:green;\">Law-abiding <\/span><\/strong>(not to mention polite) \u2014 it includes something the company calls Consent Mode, meaning that the Limitless pendant waits for your meeting partners\u2019 permission before it starts recording their voices.<\/li>\n<\/ul>\n\n\n\n<p><strong>Alan<\/strong> argues that this kind of product may lead to:-<\/p>\n\n\n\n<ul>\n<li><strong><span style=\"color:red;\">Perverse consequences<\/span><\/strong> \u2014 note-taking, especially longhand note-taking, has been shown to focus the mind and increase recall; if Limitless is doing the work, people in the meeting, including the secretary, may just tune out.<\/li>\n\n\n\n<li><strong><span style=\"color:red;\">Blind spots<\/span><\/strong> \u2014 Albert Mehrabian, a body-language researcher, broke down the components of a typical face-to-face conversation as 55% non-verbal, 38% vocal (meaning tone, delivery speed, etc. but not the words used) and only 7% based on words, leaving Limitless potentially blind to 93% of a conversation\u2019s actual meaning.<\/li>\n\n\n\n<li><strong><span style=\"color:red;\">Process problems<\/span><\/strong> \u2014 If the meeting secretary has not been paying rapt attention, as may well become the case, how can he trust the AI\u2019s outputs? AIs morph by design. Today\u2019s summary may differ from yesterday\u2019s and even same-day outputs may differ by device. If everybody is wearing his or her own pendant, will the different devices generate similar outputs? Will they need to trade notes and come to a consensus summary?<\/li>\n<\/ul>\n\n\n\n<p><strong>Jay<\/strong> <strong>responds<\/strong>: of course there\u2019s a lot more to think through and a lot more to come, all of which will happen soon says the company, with \u201cmore\u201d to include help with meeting preparation and agents that go out in the world and get things done for you.<\/p>\n\n\n\n<p><strong>Alan\u2019s retort<\/strong> is <em>Caveat Emptor<\/em> on both the timing of these enhancements and the exact functionalities the developers end up building.<\/p>\n\n\n\n<p>Even if Limitless proves to be a useful product over time, key issues for this year\u2019s users will include the product\u2019s as yet unknown ability to deal with accents, room acoustics and hybrid meetings (meaning with some people around the table and others online), the accuracy of its speech-to-text transcriptions, the semantic sophistication and therefore usefulness of its notes and summaries, and the company\u2019s choice of coming enhancements (for instance, will Limitless be able to read and incorporate meeting agendas into its summaries or take notes in a given house style?).<\/p>\n\n\n\n<p><strong>Jay believes<\/strong> Limitless will prove useful despite concerns. If the pendant works, it will take some of the drudgery and uncertainty out of taking minutes. Questions like \u2014 Did I hear that right? Did she or didn\u2019t she say XYZ? Was this an action item or did it become a to-be-discussed-later agenda point? \u2014 will be answered quickly because it will be child\u2019s play to check the record.<\/p>\n\n\n\n<p>At the very least, Limitless may prove to be an important back-up resource for company secretaries who want to fact-check their drafts.<\/p>\n\n\n\n<p><strong>Alan responds<\/strong> that if we see the recording of meetings as \u201cdrudgery\u201d then there is something fundamentally wrong with how we\u2019re working.<\/p>\n\n\n\n<p>One important consideration is that companies may prefer not to keep records of who said what in which meeting, thinking that meetings should be, by definition, safe spaces where questions, cross talk and concerns are kept confidential and only actionable outcomes are recorded. These companies will want different kinds of functionality, including data-destruction-by-default options built into the product.<\/p>\n\n\n\n<p>There are, as always, at least two sides to every argument about new technologies. You will need to scrutinise each innovation on arrival for its benefit to you and your organisation.<\/p>\n\n\n\n<p>You will need to challenge whether the product can actually do what it claims, add value and make a tangible difference. If so, adopt it at speed and start to realise the benefits as soon as possible.<\/p>\n\n\n\n<p>We will see many, many new AI products over the next few years. Some will enable you to radically change and improve what you do today. Some will look shiny and new but not deliver much in the way of long-term value. Your challenge is to distinguish one from the other.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013<\/p>\n\n\n\n<p><strong>Learn more about our secure, user-friendly board portal, Boardlogic <a href=\"https:\/\/www.praxonomy.com\/why-boardlogic\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><br>Or why not schedule a demo with us <a href=\"https:\/\/www.praxonomy.com\/schedule-a-demo\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/strong><\/p>\n\n\n\n<p>\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013<\/p>\n\n\n<div style=\"padding:63.6% 0 0 0;position:relative;\"><iframe src=\"https:\/\/player.vimeo.com\/video\/920534415?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"Not all board portals are created equal\"><\/iframe><\/div>\n<p><script src=\"https:\/\/player.vimeo.com\/api\/player.js\"><\/script><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>New AI products continue to arrive at a dizzying pace. Some will change the way we think and work while others will promise much but deliver less. Here Jay Shaw (Praxonomy CEO) and Alan Hewitt (Praxonomy NED) discuss the pros and cons of one of the latest products coming to market.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":4,"featured_media":2816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,5,2],"tags":[10,23,24,40],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here come the AI point solutions, one of which will write your meeting minutes for you - The Boardlogic Blog | News, Updates, Industry Insights and Best Practices.<\/title>\n<meta name=\"description\" content=\"New AI products continue to arrive at a dizzying pace. 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