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"In 5-7 years, 70% of business activities will be done by GenAI": Are you ready?
Dec 19, 2023
Steve Salvin, Chief Executive at Aiimi, discusses the impact of AI on established platforms, the motivation for collaboration in remote work, millennials quitting their jobs, recognition of employees, and the impact of losing a vital team member.
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Quick takeaways
- Generative AI is expected to dominate business activities in the next 5-7 years, revolutionizing tasks like content generation and automation, but organizations must address challenges such as data quality and information security.
- To successfully implement generative AI, organizations need to focus on data management and governance, develop an AI strategy with the collaboration of key leaders (chief data officer, chief information security officer, etc.), and ensure proper employee education and operationalization.
Deep dives
Generative AI and the Future of Business Activities
According to Steve Salvin, CEO of Amy, generative AI is set to play a major role in business activities in the next five to seven years. With the emergence of large language models like ChatGPT and OpenAI's frameworks, more organizations are exploring the potential of AI in various tasks such as answering questions, generating content, and automating work. However, there are challenges to consider, including the need for accurate and relevant data to train these models and the risks of leaking sensitive information. Despite these challenges, the market is evolving, and organizations need to develop AI and data strategies to leverage generative AI effectively.
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