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Phillies unload 6 runs in 9th inning

BRYCE HARPER — ISAIAH J. DOWNING/ USA TODAY SPORTS/REUTERS

BRYCE HARPER homered in a six-run ninth inning as the Philadelphia Phillies rallied to beat the Colorado Rockies 8-4 in Denver on Saturday night.

Mr. Harper, who was ejected from Friday night’s game in the first inning, responded Saturday with two hits and four RBIs as Philadelphia avoided losing consecutive games for the third time this season.

The Phillies are 18-4 in May and 30-7 since mid-April.

Kyle Schwarber had three hits, Garrett Stubbs and Alec Bohm had two hits each and Jose Ruiz (1-0) picked up the win in relief for Philadelphia. — Reuters

Fever’s rise and fall

In terms of shooting numbers, Caitlin Clark didn’t have the type that accompanied her storied college career. She scored only 11 markers on a four-of-14 clip, and up until the last two minutes of the Fever’s visit to Crypto.com Arena, she made none of her seven tries from three-point territory. Still, as she answered question after question from media scribes in the aftermath, she opined that she had “a good game.” She was right, to be sure, as evidenced by the rest of her stat line the other day: 10 rebounds, eight assists, four steals, one block, and — equally significant — just two turnovers in 37 minutes of action.

No doubt, Clark made her assessment in the context of the Fever’s first victory for the season. They had zero wins to show in their previous five matches, and, for much of the set-to against the new-look Sparks, it looked like they would not be able to break the ignominious streak. In the second half, however, they displayed their potential; even as she facilitated the offense at the point and showed more activity on the other end of the court, the other stalwarts of the blue, red, and gold either lived up to or exceeded expectations. The result: an emphatic triumph in front of a record 19,103 fans.

As has been typical of post-game pressers since Clark’s arrival, an inordinate amount of attention went her way. Never mind that she was flanked by teammates Aliyah Boston and Temi Fagbenle. Not that she didn’t deserve it; the Fever needed her two treys in the clutch, taken from 33 and 29 feet, to keep the Sparks at bay. That said, the two frontliners with her likewise played starring roles. Which, in a nutshell, was why she took pains to share the credit where it was due, and why she underscored the importance of collective progress.

Make no mistake. Clark knows the Fever will rise and fall with her. And not only is she not afraid of the spotlight; she craves it. As she explained in giving context to her late-game shotmaking despite her evident woes, “I don’t know if it’s a good thing or a bad thing, but I seriously think every shot I shoot is going to go in … I want to take those shots at the end of the game.” And for all her supposed inexperience as a rookie with a target on her back, those around her are only too willing to ride on her coattails.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

EPIRA needs way to sanction weak power franchises — NGO

LEGISLATORS should amend the power industry law to give regulators the authority to revoke franchises of underperforming concession holders, an industry advocacy group said.

“Our policy makers should consider revising Section 27 Franchising Power in the Electric Power Sector of the EPIRA (Electric Power Industry Reform Act)… to address problematic electric cooperatives that have consistently underperformed for 10 years or more… suggesting the potential revocation of their franchises,” Nic Satur, Jr., chief advocate officer of Partners for Affordable and Reliable Energy, told BusinessWorld via chat.

Congress is currently looking to amend EPIRA, noting its failure to lower the cost of electricity.

“It is important to recognize that access to affordable and reliable energy is not a privilege but a fundamental right… which should not be undermined by the poor performance of certain electric cooperatives,” Mr. Satur said.

He said consumers are dealing with inconsistent access to power due to the “inefficiency or mismanagement” of underperforming electric cooperatives.

Congress should also look at strengthening a section deterring anti-competitive behavior among electric cooperatives, he added, referring to it as a “significant threat to market fairness.”

House Bill (HB) No. 3430 seeks to strengthen the clause by stiffening regulations governing cross-ownership by restricting the ownership of a power distributor in a transmission company to 15% from 30%.

“The clause remains weak in practice as cross-ownership is only prohibited between the transmission company and any company in the other two sectors,” according to the explanatory note of HB No. 3430.

“Currently, large private distributions are able to enter sweetheart deals with affiliated power generators which give them control over pricing and market behavior, to the detriment of consumers,” it added.

EPIRA divided the power industry into four sectors under the law: generation, transmission, distribution, and supply; however, it only prevented cross-ownership among transmission, generation, and supply entities, Party-list Representatives Sergio C. Dagooc and Presley C. de Jesus, authors of the bill, said in the explanatory note.

Strengthening cross-ownership regulations would prevent market manipulation as well as ensure the competitiveness of the energy sector, Mr. Satur said.

Amendments to EPIRA are among the priority bills set by Philippine President Ferdinand R. Marcos, Jr. for the 19th Congress.

House bills seeking to amend the EPIRA Act remain pending at the House Committee on Energy. — Kenneth Christiane L. Basilio

NGCP declares yellow alert on Luzon; over 4,000 MW unavailable to grid

NGCP.PH

THE National Grid Corp. of the Philippines (NGCP) placed the Luzon grid on yellow alert Sunday with more than 4,000 megawatts (MW) of capacity unavailable to the grid.

In an advisory Sunday afternoon, the grid operator raised the yellow alert for the period 8 p.m. to 10 p.m. and 11 p.m. to 12 midnight on May 27.

Available capacity was 11,127 MW while peak demand was estimated at 10,776 MW.

The NGCP said that three power plants have been on forced outage since 2023, two between January and March 2024, and 17 between April and May. Six are running on derated capacities.

A total of 4,417.5 MW was unavailable to the grid.

A yellow alert is issued when the operating margin is insufficient to meet the transmission grid’s contingency requirement.

As of its 1:23 p.m. update, the NGCP said that Pitogo-Mulanay 69-kilovolt line has been unavailable starting 2:24 a.m. Sunday, affecting the customers of Quezon I Electric Cooperative, Inc. The transmission line was partially restored at 9:01 a.m.

On May 24, Manila Electric Co. said that around 487,000 customers were affected after it implemented manual load dropping or rotational power interruptions lasting around 1-1.5 hours due to supply deficiencies on the grid.

Areas affected were parts of Bulacan, Cavite, Laguna, Metro Manila, Rizal, and Pampanga. — Sheldeen Joy Talavera

AboitizPower cites downsides to RE reliance, calls for ‘creative solutions’ to hit power goals

By Sheldeen Joy Talavera, Reporter

ABOITIZ Power Corp. (AboitizPower) said there is a need to acknowledge the limitations of relying heavily on renewable energy (RE) and urged the industry to tap other energy sources.

“We need to accept the constraints of variable renewable energy but we also need to be creative in tapping solutions to make sure we are actually addressing the targets,” AboitizPower President and Chief Executive Officer Emmanuel V. Rubio was quoted as saying in a statement late Friday.

He said other challenges include the lack of transmission connectivity for renewables like hydro and wind, which can only be harnessed at the location of the resource.

Mr. Rubio said that the intermittent nature of solar and wind power justifies the need for “a diverse energy mix that can provide reliable and dispatchable power in sync with demand pattern of consumers.”

Meanwhile, he said the Green Energy Auction Program (GEAP) and the electricity spot market provide an avenue for tapping uncontracted capacity.

“In the Philippine context, if you participate in the GEAP and you win the auction, then you’re guaranteed a revenue stream,” he said.

“Other than that, AboitizPower believes in the system we have. We have a spot market that works… We were one of the first investors in the Philippines to invest significantly in the government’s privatization project… it’s a vote of confidence in the system that’s in place in the Philippines,” he added.

The company is aiming to grow its total capacity to 13 gigawatts (GW) in the next six years, of which 7.5 GW will come from new renewable energy projects.

Weak peso seen adding uncertainty to bidding for power contracts

PHILIPPINE STAR/ WALTER BOLLOZOS

LONG-TERM weakness in the peso will have an impact on power supply contracts, which tend to require fixed-price bids for terms of 15 years or so, an industry official said.

“For investors like ourselves, it’s also quite challenging because right now, when you participate in a competitive bidding… they require the bidders to fix their price to 15 years,” First Gen Corp. President and Chief Operating Officer Francis Giles B. Puno said during BusinessWorld’s economic forum last week.

Mr. Puno said that all capital expenditures (capex) are basically foreign exchange-driven, adding that a weak peso would make the effective cost higher.

“There are things that I think sometimes we have to be also very practical about. But there’s a balance between addressing the consumer needs (and earning a) reasonable return on a prolonged basis for investors,” Mr. Puno said.

Jaime Z. Urquijo, chief sustainability and risk officer of Ayala-led ACEN Corp., said as the majority of the company’s portfolio are renewable energy based, he said that “it definitely impacts us a little bit less than it could have been.”

On May 21, the peso closed at P58.27 to the dollar, its weakest close in more than 18 months.

Analysts said that prolonged peso weakness may result to an increase in energy costs due to potential higher charges from power plants that run on imported energy resources.

Leonardo A. Lanzona, economics professor at the Ateneo de Manila, said in a chat message that peso weakness will cause energy costs to rise “and will eventually lead to inflation.”

“The government has been trying to defend the peso in small amounts, but this approach is apparently not enough to stop the depreciation,” Mr. Lanzona said.

Mr. Lanzona said interest rates are likely continue to be elevated in order to defend the peso.

“As such, the depreciation, the inflation and the high interest rates will all raise energy costs, resulting in further declines in household consumption,” he said.

Michael  L. Ricafort, chief economist at Rizal Commercial Banking Corp., said the peso depreciation, which he said started early in the year, will correspond to additional import costs that would “lead to some pick up in overall prices/inflation.”

The Monetary Board kept interest rates unchanged at a 17-year high of 6.5% for a fifth straight meeting. Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. signaled that the central bank could start rate cuts as early as August.

“This would lead to higher costs for power plants to be constructed and the other operating costs of power plants for imported fuel, coal, diesel, LNG (liquefied natural gas), equipment, spare parts, and other imported inputs,” he said in a Viber message.

Jose M. Layug, Jr., president of the Developers of Renewable Energy for Advancement, Inc., said any acceleration in the peso’s depreciation may potentially affect oil prices.

This in turn “affects power rates when we utilize more diesel plants in the system,” he said in a Viber message.

Analysts said that renewables may have an edge in such conditions as the technology does not require much importing of inputs like fuel.

“Renewables now offer cheaper and more competitive energy costs. That is why it is critical that we add more RE (renewable energy) capacity ton the system to offset partially any adverse impact of higher oil prices,” Mr. Layug said. 

However, Mr. Lanzona said that without the subsidies from the government for RE, the energy supply from these sources will be limited. — Sheldeen Joy Talavera

UK cybersecurity firm eyes PHL expansion

FREEPIK

NCC Group, a cybersecurity advisory company from the UK, said that it is looking to expand its operations in the Philippines, citing client demand.

“Our plan is to really embed the colleagues that we’ve hired in Manila to really grow the cybersecurity community that we’ve built. Right now, we’ve got 70 consultants, and we’re now starting to hire some other skills and some other disciplines,” NCC Group Chief Operating Officer Kevin Brown told BusinessWorld.

“We’re going to continue to grow very much, led by client demand and our growth aspirations. But we certainly see Manila as a key component of our global footprint,” he added.

He said that the company bases its hiring and upskilling decisions on the volume of demand.

“It’s more about… really understanding where we see the demand coming from clients, like what types of skills and services,” he said.

He added that the company has invested in cross-skilling, which gives consultants the opportunity to learn new skills.

“That really helps us with the future demand that we may need. So, it’s going to be very much a continued growth story in Manila,” he said.

He said that the company decided to locate in the country due to the enthusiasm among Filipino consultants to learn more, and amid positive feedback from clients.

“It was just awesome to see how people have really grasped the training and have a real appetite to do more. And then the feedback from our clients, where we’ve got our Filipino colleagues working with them, has been really, really positive,” Mr. Brown said.

Meanwhile, he said that the Philippine government’s approach to cybersecurity is on par with what the company has seen in other countries.

“What’s been impressive is how the government and the cybersecurity strategy really (recognize) that cyber is an important enabler to the growth of the economy in other sectors. And that’s really pleasing to hear,” he said.

“Cybersecurity, in fact, is actually a differentiator. It’s a thing that will attract businesses to come to the Philippines. If people have confidence that the Philippines has infrastructure that is perhaps safer or more secure than the next country, you’ll have that early mover advantage,” he added. — Justine Irish D. Tabile

Restaurant recovery expected this year, chain eatery firm says

By Justine Irish D. Tabile, Reporter

CAVALLINO, INC., which operates the Racks chain of rib restaurants and holds the master franchise to the Tenya Tempura Tendon chain, said it expects its businesses to recover this year, powered by so-called “revenge spending.” 

“I’m sure, like every company, everybody has their own way of recovering. But so far, recovery is ongoing; we’re slowly getting out of that pandemic and slowly coming back to what it used to be,” Cavallino Managing Director Leopoldo M. Prieto III told BusinessWorld in a chance interview.

“We are almost there. You could say it is near… (Probably) within the year,” he added.

Asked what makes the company optimistic about achieving recovery this year, he said: “I think a lot of revenge spending is still there… that’s also why we (have an airport location), as a lot of revenge spending is centered around travel.” 

“Aside from that, Racks and Tenya are very popular with families. So that goes along with the sort of revenge spending on a family level,” he added.

On Thursday, the company opened a Racks and Tenya restaurant at the Ninoy Aquino International Airport Terminal 3.

“I think we found out it was a good opportunity for us to expand in the airport because we get a mixture of local as well as foreign tourists,” he said.

“And we would also like to get our name around, so we thought the airport was a good place to do that,” he added.

With the two newly opened restaurants, the company now has 21 Racks and 11 Tenya restaurants in its portfolio.

Asked about expansion plans, he said: “Usually, we tend to have around between 2 or 3 openings per year for each brand. So I think we’re going to open another two more within the year.”

“With what we have in the pipeline… for now they’ll usually be in Metro Manila. For provinces, I think maybe in a couple of years,” he added.

He said that the company is also looking to acquire brands that are not limited to restaurants.

“We don’t really have any set kind of concept to be looking at. So as long as something catches our eye, we will go for it,” he added.

He said that restaurants, in general, are being affected by the rising cost of fuel, which raises the cost of ingredients, though his company’s restaurants will try to absorb higher costs.

“If they can bring down the price of fuel, that’ll help us a lot. We use a lot of fuel, and that, unfortunately, translates to every commodity we have to buy, like meat, rice, and vegetables — pretty much everything,” he said.

“As a company, we try to hold off on price increases as much as possible. Usually, there’s a threshold, but as much as possible, as a group, we do not like to do that,” he added.

He said that the latest adjustment the company  implemented was in February; the prior adjustment took place during the pandemic.

Pasig River Expressway still a go — toll regulator 

SAN MIGUEL CORP.’s (SMC) announcement that it is abandoning the Pasig River Expressway (PAREX) project is not considered official as the company has not given notice to regulators, the Toll Regulatory Board (TRB) said.

“Technically, it is still on the table because they have not given the confirmation that they are terminating the contract or the project,” TRB Executive Director Alvin A. Carullo told reporters last week.

SMC President and Chief Executive Officer Ramon S. Ang said in March that the company will no longer pursue the project.

The TRB wrote SMC to confirm its announcement but the company has yet to respond , Mr. Carullo said.

“As to the Pasig River Expressway, the last update is that we wrote SMC Infrastructure on the reported withdrawal or abandonment of the project. Up to this time, we have not received an official communication from SMC,” he said.

Even with the SMC announcement, the TRB cannot terminate the project, which must be initiated by the company.

Under the supplementary toll operation agreement, there will be monetary consequences if the government terminates the project, Mr. Carullo said.

“If they will be the one to unilaterally withdraw, there are no financial obligations but if the government itself will be the one to terminate, there will be legal consequences and that includes monetary consequences,” he added.

In March, Mr. Ang said the company will abandon the proposed PAREX project, citing the public controversy kicked up by the project.

The P95-billion elevated toll road project obtained government approval in 2021.

Last year, the Department of Environment and Natural Resources said it will review the project’s environmental impact.

The 19.37-kilometer PAREX has raised concerns about air pollution and the impact on heritage sites. Fears have also been raised about it impeding the river’s role as a waterway.

The official review of the PAREX project is currently on hold as a result of the SMC announcement, Mr. Carullo said.

“At this time (the review) is pending. The PAREX project is already in the final engineering design (FED) stage, but because of recent developments, the Board deferred the deadline of submission of the FED for six months,” he said. — Ashley Erika O. Jose

Fiscal transparency reduces need for overseas borrowing, ADB says

ASIA-PACIFIC countries must increase efforts to ensure transparent and effective use of revenue to boost tax compliance and reduce the need for overseas borrowing, the Asian Development Bank (ADB) said.

“Efforts to increase domestic resource mobilization have focused more on one side of the equation, fiscal policy to increase tax revenue, and less on the other, financial management systems for effective expenditure management,” authors Eriko Tominaga, Julitta Ponniah, and Ma. Kristina E. Mahilum said in a blog.

The ADB also noted that tax revenue in countries increased with improvements in transparency, oversight, and corruption perceptions.

“Improving domestic resource mobilization can help countries decrease their need to borrow and increase their finances for development,” the bank said.

The bank cited the need for timely and easy access on the government’s budget and spending to understand how tax funds influence budget decisions.

External audits and Congressional scrutiny will also hold governments accountable for spending public funds, ADB said.

Citing the 2023 Transparency International report, the ADB noted that the Asia and the Pacific’s transparency average score stood at 45 out of 100.

“Tax policy and reform without improvements to public financial management systems may not be as effective It is akin to asking lenders and investors to inject more funds into a corporation without disclosing the investment plans or reporting on returns,” the ADB said.

Funding to address development challenges in Asia and the Pacific region is expected to surpass $1 trillion every year, according to the bank.

The Department of Finance has been looking into ways to boost nontax revenue after it shelved proposals for new taxes.

The Development Budget Coordination Committee is scheduled to review the government’s revenue targets next month, Finance Secretary Ralph G. Recto said last week. — Beatriz Marie D. Cruz

NCR retail price growth steady in April 

BW FILE PHOTO

RETAIL PRICE growth of general goods in the National Capital Region (NCR) was flat in April and remained at the weakest level in over two years, the Philippine Statistics Authority (PSA) said.

According to preliminary data from the PSA, price growth in the NCR, as measured by the general retail price index (GRPI), remained at 2.1% year on year in April.

This was significantly lower compared with the year-earlier 5.4%.

The April reading remained the weakest since the 1.9% posted in January 2022.

In the four months to April, the GRPI in Metro Manila averaged 2.1%, against the 6.1% posted in the first four months of 2023.

Price growth decelerated in the heavily-weighted food index (2.6% in April from 2.7% in March), the crude materials, inedible except fuels (0.8% from 1%) category, the beverages and tobacco (3.7% from 4.3%) category, and the machinery and transport equipment category (0.6% from 0.7%).

On the other hand, the PSA noted that “faster annual increments” in the remaining four commodity groups compared with the previous month.

The index for mineral fuels, lubricants and related materials grew 5% in April from 2.5% in March. Chemicals, including animal and vegetable oils and fats followed with 2.5% from 2.4% a month earlier.

Faster annual increases were also seen in manufactured goods classified chiefly by materials (1.4% in April from 1.2% in March) and miscellaneous manufactured articles (1.2% from 1.1%).

According to the PSA, the GRPI is used to monitor the condition of retail trade. It is also used as a deflator in the National Accounts, particularly in the retail trade sector, and serves as a basis for forecasting. — Abigail Marie Pelea Yraola

How GenAI can accelerate business transformations

IN BRIEF:

• According to the EY 2023 Work Reimagined Survey, 84% of organizations plan to implement GenAI within the year, aligning with strategic goals to revolutionize processes such as product development and customer engagement.

• GenAI’s success relies on quality, trustworthy data, and cross-disciplinary collaboration, necessitating investments in data optimization and team synergy among AI specialists, data scientists, and business stakeholders.

• GenAI adoption must adhere to responsible AI principles, prioritizing transparency, fairness, and ethical considerations to build stakeholder trust and sustainably leverage the technology’s full potential.

Given the fast-paced nature of digital evolution, businesses are increasingly turning to innovative technologies to stay ahead of the curve. Generative Artificial Intelligence (GenAI), which refers to AI algorithms that generate outputs based on existing data, has emerged as a transformative force that can revolutionize operations like product development, customer engagement, and software programming. However, integrating this technology into business processes requires strategic planning and careful execution. 

The EY 2023 Work Reimagined Survey shows that 84% of employers are expecting to implement GenAI within a year. Additionally, 33% of employees and employers see potential benefits for productivity and new ways of working. GenAI’s transformative capabilities are expected to augment human work and increase efficiency, which will have long-term effects on the global business landscape.

The technology can transform business processes and unlock new levels of creativity and efficiency. To help ensure the success of GenAI implementation, this article will share five key strategies to effectively harness the power of Gen-AI in business transformation.

ANCHOR EVERYTHING TO THE ENTERPRISE STRATEGY
Begin by clearly defining business objectives and assessing how GenAI fits into the organization’s broader strategy. Identify specific areas where implementing an AI solution can drive value, such as streamlining operations, enhancing creativity, or personalizing customer experiences.

By aligning AI initiatives with strategic goals, businesses can ensure that resources are allocated efficiently and that AI investments deliver measurable, tangible returns.

PREPARE QUALITY DATA
The success of GenAI will depend on the quality and diversity of data used to train models. It encompasses algorithms that leverage upon neural networks to generate new data that resembles the patterns found in the inputs it has been trained on. Access to relevant and high-quality data is therefore crucial for training and validation.

Organizations must invest in data collection, cleansing, and augmentation processes to ensure that AI systems are trained with accurate and representative datasets. Additionally, diverse training data will be imperative to capture a wide range of scenarios and edge cases. This can improve the robustness of AI models, help mitigate biases, and ensure fair outcomes.

COLLABORATE WITH THE RIGHT TEAMS
The effective implementation of Gen-AI requires collaboration among multidisciplinary teams, highlighting the need for partnerships between AI specialists, data scientists, domain experts, and business stakeholders. Involve a cross-functional team in the decision-making process, blending technical expertise with business acumen and ethical considerations, to create a balanced and forward-thinking AI strategy.

By fostering a collaborative ecosystem, organizations can leverage diverse perspectives and domain knowledge to develop AI solutions that address real-world challenges. Cross-functional teams should work together iteratively, from ideation to deployment, to ensure that AI solutions are aligned with business needs and user requirements.

APPLY RESPONSIBLE AI
Ethical and responsible AI practices are paramount in today’s data-driven world. Prioritize transparency, fairness, and accountability throughout the AI lifecycle. Implement measures to mitigate biases, ensure data privacy, and establish mechanisms for explaining AI-generated outputs. 

Bias in particular often manifests in ways that harm certain parts of the population. When the data that is used to train a model does not accurately reflect the group it is intended to serve, it can create imbalances in the model’s outcomes. For example, imbalances could stem from a lack of diversity in the types of data collected. However, there are other types of imbalances that may compromise the precision of the GenAI model without negatively affecting a particular group. Although preventing such imbalances entirely is challenging, the development team must investigate potential sources of imbalance and seek ways to reduce it.

By embedding ethical considerations into AI development processes, businesses can build trust with stakeholders and mitigate potential AI-deployment risks.

LEARN, ADAPT, AND IMPROVE CONTINUOUSLY
AI implementation is a journey, not a destination. Embrace a culture of continuous learning and adaptation, where feedback loops drive incremental improvements. Monitor the performance of AI systems in real-world environments and gather insights from user interactions.

Furthermore, use this feedback to refine AI models, optimize algorithms, and adapt strategies according to evolving business dynamics. Learning and growing from the project should be treated as an essential component of an AI endeavor, instead of a last-minute consideration. Foster an environment of ongoing education, prompting those involved to thoughtfully evaluate all triumphs and challenges. By staying agile and responsive, organizations can harness the full potential of GenAI to drive innovation and secure a competitive advantage.

TRANSFORMING IN THE LONG TERM
While previous technological advancements mostly focused on automation, GenAI can also assist with complex cognitive functions like predictive analytics, machine learning, and natural language processing. Also, its use-cases encompass a diverse range of industries, occupations, and tasks. For example, the case study Generative AI at Work showed that customer service agents could resolve 13.8% more customer inquiries per hour with the help of GenAI tools.

The successful implementation of GenAI requires a holistic approach that encompasses strategic alignment, data excellence, collaborative engagement, ethical considerations, and continuous learning. By adopting these key strategies, businesses can unlock new opportunities, drive operational efficiencies, and stay ahead in today’s digital economy. Through concrete, actionable steps, Gen-AI can boost efficiency and innovation, reshaping today’s ways of working. 

This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. The views and opinion expressed above are those of the author and do not necessarily represent the views of SGV & Co.

 

Randall C. Antonio is an AI technology consulting principal of SGV & Co.

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