The Future of Public-Private Partnerships & AI: Faster Solutions?

Technology Revolution: The Future of Now

Bonnie D Graham

News, Business News, Technology

4.9 • 112 Ratings

🗓️ 31 May 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

We queried ChatGPT: “Tell me about Public-Private Partnerships.” ChatGPT response: Public-Private Partnerships (PPPs) involve a contract between a public sector entity, such as a government agency, and a private sector partner, typically a company or consortium of companies, to share resources, risks, and rewards in achieving a common goal. PPPs are usually implemented when the public sector entity lacks the expertise, resources, or funding to undertake a project alone or when a private sector partner can bring in innovative technology and management expertise to improve project efficiency and performance. We asked ChatGPT: “What is the role of AI and technology in Public-Private Partnerships?” ChatGPT response: AI and technology can help to… – Streamline and automate the PPP procurement process – i.e., analyze large amounts of data and identify potential partners. – Improve project planning, design, implementation – i.e., 3D modeling, simulation, and visualization tools. – Enhance project performance and maintenance – i.e., sensors and other IoT devices to collect real-time data. – Improve monitoring and evaluation of PPPs – i.e., blockchain technology to create a transparent and immutable record of project data and transactions, reducing the potential for fraud and corruption. We also asked ChatGPT: “Send me fictional movie quotes about Partnerships.” ChatGPT response: “You complete me.” (Jerry Maguire, 1996) “We’re in this together, and if we’re going to succeed, we have to trust each other.” (Harry Potter and the Philosopher’s Stone, 2001) “We can’t change the past, but we can make the future better by working together.” (Interstellar, 2014) We’ll ask Larry Williams, Debra Lam, Donnie Beamer and Dr. Beverly Wright for their take on The Future of Public-Private Partnerships and AI / Technology: Solving World Problems Faster?

Transcript

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0:00.0	Where does yesterday's future, which is already here, ready here, really here, meet today's
0:09.5	future, which is about to happen, and tomorrow's future, which could be just minutes away?
0:16.3	Welcome to technology revolution, the future of now.
0:21.6	Where host Bonnie D. Graham asks savvy futurists for their predictions about the tech-driven
0:27.5	trends that are shaping our future right now.
0:30.9	Here's your host who will take us into the future of now.
0:34.8	Bonnie D. Graham.
0:36.4	Bonnie D. in the house, happy to be here. Wow, it's a week after,
0:40.9	what's it, the week of Memorial Day, getting confused. We have so many holidays coming up,
0:44.7	and we are here. It is Wednesday. What day is it? The last day of May, May 31st,
0:50.2	2023. I've got an interesting topic for you. Those of you who follow the show and I appreciate
0:54.7	our audiences all over the world. Thank you for your loyal listening and watching. Really appreciate
0:59.4	you. We've been doing, I've been doing a series on, I'll call it a sub-series on the impact of
1:04.9	AI and fill in the blank, careers, professions, industries, creative genres. And today we're going to stay with that
1:13.5	theme, but we're going into something I don't think I've ever covered on the show before in all
1:17.6	these years. We're going to talk about public-private partnerships known as PPP. So as you know,
1:23.6	I usually do my research on chat GPT, which is getting quite a bad rap recently. I think it did a couple of legal briefs for some lawyers and a judge threw them out. I don't know if you all read the news yesterday, but it was not a good day for chat GPT and a court of law. We'll leave that one alone. We already did AI and lawyers a couple weeks ago. So I asked chat GPT, tell me about public-private partnerships, because I
1:45.5	want to make sure I understood it. So Chat-G-T-T said public-private partnerships involve a contract
1:50.6	between a public sector entity, such as a government agency, and a private-sector partner,
1:56.7	typically a company or a consortium of companies to share resources, share risks, and share
2:02.8	rewards in achieving a common goal. That sounds lovely. So I asked ChatGPT, what is the role of
2:08.4	AI and other technology in public-private partnerships? And I got the following answer. AI and
	...

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