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Challenges and considerations for generative AI in business
In the world of generative AI, businesses face the challenge of ensuring that their investment in this technology yields positive outcomes. While many people are eager to jump on the generative AI bandwagon, it's important to consider the significant costs associated with it. From CPU farms to research and training data sets, the expenses can add up. Therefore, it's crucial to determine the specific business outcomes that generative AI can generate. For example, it may increase sales, improve supply chain efficiency, or reduce operational costs. Additionally, the impact on ESG sustainability should be taken into account. Once these parameters are identified, businesses can focus on developing a generative use case.