The Data Exchange with Ben Lorica Cracking the Code: How Enterprises Are Adopting Generative AI
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Oct 31, 2024 Tim Persons, an AI Leader at PwC specializing in next-generation audit and trust solutions, delves into the intricate world of generative AI adoption. He discusses how companies are cautiously implementing generative AI, focusing on internal applications first. The conversation highlights the increasing budgets and underestimated costs of deployment, emphasizing trust and cultural adaptation. Persons also stresses the importance of cross-functional collaboration, the necessity for workforce education, and learning by doing to navigate the evolving landscape of AI technologies.
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Current State of GenAI Adoption
- Generative AI adoption varies across industries, with some exploring while others dive in.
- Most companies are in early stages, prioritizing back-office applications to minimize risk.
GenAI Budget Trends
- Generative AI budgets are increasing, often falling under CIOs but increasingly involving CXOs.
- The cost of compute and model usage contributes to this rising spend.
From Experimentation to Deployment
- Build trust by thoroughly testing and evaluating generative AI in development.
- Focus on cultural change and employee education to ensure comfortable adoption.