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Everyday AI Podcast – An AI and ChatGPT Podcast
EP 346: AI Hype vs. Reality - Insights from EY Consulting Leader
Aug 28, 2024
Traci Gusher, a leader at a prominent consulting firm, shares her insights into the world of AI and its adoption in the workplace. She reveals that while 95% of companies are investing in AI, actual implementation remains sluggish. Traci emphasizes the vital role of centralized data processes and strong data governance in AI success. The discussion also covers generative AI's potential for innovation and the importance of education for corporate boards to responsibly navigate AI strategies.
31:01
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Quick takeaways
- Successful AI implementation hinges on organizations prioritizing robust data governance as a core business function to enable transformation.
- Generative AI serves as a foundational tool for innovation, prompting companies to rethink processes and discover new revenue streams.
Deep dives
The Hype Versus Reality of AI
AI has a long history dating back to the 1940s, and while there is hype surrounding its current applications, the technology is fundamentally impactful. The current excitement stems from generative AI, which has brought significant investment and interest in leveraging AI across various sectors. Unlike previous AI cycles, the current one emphasizes democratization, making AI tools accessible to a broader audience beyond just specialized engineers. Companies are beginning to realize the combined value of both generative and traditional AI, leading to practical applications that enhance their operations.
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