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How AI can help investor relations and streamline administrative tasks

May 24, 2024 - businessinsider.com
Artificial intelligence (AI) can help companies streamline investor relations tasks, according to Darrell Heaps, the founder and CEO of Q4, an AI-driven investor-relations platform. AI can assist in understanding large market data patterns and summarizing peer press releases and transcripts, which can be beneficial for investor relations teams. The technology can also help in drafting earnings transcripts and press releases, saving time and allowing teams to focus on building relationships with investors.

Heaps advises firms to have a clear corporate AI policy and to evaluate AI tools for security. He suggests that companies should be realistic about the areas where AI can bring improvements and focus on specific use cases that will deliver value to the business. He emphasizes that incorporating AI into investor relations programs can bring tangible benefits.

Key takeaways:

  • AI tools can help firms streamline investor-relations tasks by understanding large data patterns in the market and drafting earnings reports.
  • AI delivers efficiencies for investor-relations teams, allowing them to execute more strategically and deliver more value.
  • AI can enhance the human aspects of investor relations by automating administrative tasks, freeing up individuals to engage with investors and build relationships.
  • Companies are advised to have a clear corporate AI policy, evaluate AI tools for security, and focus on specific use cases where AI can deliver the most value.
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