Me, Myself, and AI Bonus Episode: Generative AI Trends for 2024 With Tom Davenport
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Feb 6, 2024 Tom Davenport, President’s Distinguished Professor at Babson College, discusses AI trends for 2024 with Sam and Shervin. They cover the excitement and importance of generative AI, its advantages and rise of data-oriented culture. They also talk about the potential impacts of removing safety protocols, proactive adoption, and staying ahead of rapidly changing AI tools.
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Beyond Generative AI
- Generative AI has captured significant interest, sometimes overshadowing other valuable AI forms.
- Traditional AI remains relevant, even more so for some companies, offering broader applications.
Three Paradigms of AI Adoption
- Companies with prior AI investment are best positioned to integrate generative AI effectively.
- Others see it as a wake-up call or mistakenly believe it replaces all AI, neglecting data science.
Early Days of Generative AI
- Despite excitement, only 6% of surveyed companies have deployed generative AI in production.
- DBS Bank, an early AI adopter, has 35 generative AI use cases, but none are in production due to regulations.