PETER CHRISTOPHER
Senior Multimedia Reporter
peter.christopher@guardian.co.tt
Artificial Intelligence, as well as the importance of corporate social responsibility initiatives, have been hailed as crucial tools for local businesses.
These strategies were put in focus at Media Insite's “The Power of Perception: Media Intelligence for Enhanced Engagement” conference held at the Hyatt Regency in Port-of-Spain yesterday.
In her feature presentation, Media Insite CEO, Allison Demas, highlighted NGC's effective use of its CSR initiatives in its social media presence. She noted that apart from a report detailing a loss incurred by TTNGL in the newspaper, wholly state-owned National Gas Company of T&T (NGC) had almost entirely positive reports and engagement for much of the year.
"NGC CSR initiatives and as we can see the Bocas Lit Fest account for 85 per cent of all NGC's CSR initiatives. So predominantly Bocas Lit Fest, the challenge of course when you are title sponsor is to make sure the media gives you that attribute.
"They had a fair share of digital and social media as well as traditional media and look at the whooping percentage of positive 99.3 per cent," said Demas, noting that only 30 per cent of all of NGC's mentions in terms of own media were devoted to their CSR initiatives.
"This just goes to show really the power of understanding your business, developing excellent relationships with the media, the importance of CSR and giving back to the community," said Demas.
The head of the media consultancy company also used data for the period June 1, 2023 to May 31, to 2024 to reveal that CNC3 was the most discussed television station in T&T, noting that apart from TTT's announcement of Ricardo Drue's death it had regularly topped social media engagements in the country.
The use of AI in the development of strategies was also discussed during a panel at the event. Demas told the Guardian that it was time for people to embrace AI tools as they have been here for some time and had improved data collection and analysis.
"AI is such a great facilitator and enabler when it comes to marketing and communications. It makes life so much easier. I know there is a lot of fear in terms of AI, but I think we need to focus on how we can use it to make our lives so much easier. AI is nothing new and it has been here for a while. It just would have exploded with the onset of Chat GPT and it is a really useful tool," she said.
Trinidad and Tobago Chamber of Industry and Commerce President Kiran Maharaj also believes that AI could be better adopted.
"I think that one of the important items raised here is obviously the use of artificial intelligence because we really need to recognize it as a tool. We need to recognize the opportunities that it presents as well as the threats and what aspects of it we should implement.
"As a region, there is currently a push by UNESCO to develop an AI roadmap policy and I think everybody, every company, every CSO, every NGO, every government entity, everybody should be looking at that roadmap," she said, warning that without learning the pros and cons, several businesses could be adversely affected.