AI Executive Insights and Trends: Key Questions to Ask about Gen AI

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Evolution of the AI Landscape

The AI landscape is rapidly evolving, presenting a challenge for CIOs, data, and AI executives as they struggle to determine priorities.

Insights from the AI Readiness Report

Tech entrepreneur Bruno Aziza provides an overview of Scale AI’s AI Readiness Report and outlines key questions every executive should be asking about gen AI.

Key Findings from the AI Readiness Report

  • Adoption: Last year, 19% of companies had no plans for gen AI, which has now decreased to just 4%.
  • Production: The percentage of companies in production with gen AI has increased from 21% last year to 38% this year.
  • Challenges: The primary barrier encountered when deploying gen AI is security and governance.

Essential Questions about Gen AI

  • Identifying Use Cases: How should you determine the right gen AI use cases to pursue?
  • Budgeting: What is the best approach for budgeting for gen AI?
  • When to Avoid Gen AI: In what situations should you refrain from using gen AI?

Applications of Generative AI

Generative AI use cases can be categorized into internal customers, external customers, and embedding in existing applications.

  • Internal Customers: Enhance performance by bettering data, optimizing content creation, coding, and summarization for various departments.
  • External Customers: Utilize gen AI for customer support chatbots or personalized applications like Wayfair Decorify.
  • Embedding in Existing Applications: Enhance targeted use cases in applications such as ERP, HCM, or CRM, emphasizing the importance of data value and sensitivity.
See also
Gen Z Earns Less Than Millennials a Decade Ago

Explore the diverse applications of generative AI and its potential benefits across various sectors.

Remember the importance of selecting appropriate use cases based on the unique requirements of your organization to leverage the full potential of gen AI capabilities.

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About Post Author

Chris Jones

Hey there! 👋 I'm Chris, 34 yo from Toronto (CA), I'm a journalist with a PhD in journalism and mass communication. For 5 years, I worked for some local publications as an envoy and reporter. Today, I work as 'content publisher' for InformOverload. 📰🌐 Passionate about global news, I cover a wide range of topics including technology, business, healthcare, sports, finance, and more. If you want to know more or interact with me, visit my social channels, or send me a message.
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