ENTERPRISE IT ver the last year , generative AI ( Gen AI ) has revolutionised the corporate world at an unprecedented pace .
Following the introductionof ChatGPT by OpenAI just over 12 months ago , a study by the IBM Institute for Business Value has revealed that 50 % of CEOs globally are already embedding Gen AI into their digital offerings . Furthermore , 75 % of these leaders are convinced that businesses at the forefront of Gen AI technology will secure a competitive edge .
In contrast to conventional AI , which is designed to identify patterns and facilitate decision-making , Gen AI excels in creating new data from the patterns it discerns in existing datasets .
Research from MIT underscores the potential , showing that companies could see productivity surge by 50 % through the adoption of Gen AI . The same study noted an uptick in job satisfaction and performance among employees who utilise AI tools .
In today ’ s world , there are a fastgrowing number of Gen AI use cases , including language , image , audio and video generation . Here , Erik Pounds , Senior Director of Enterprise AI at Nvidia , explores three popular ones in more depth – intelligent search , virtual assistants and summarisation , all of which are set to power a wave of advancements in the year ahead .
Virtual assistants boosting customer experience Businesses are continuously exploring innovative ways to enhance their overall efficiency and effectiveness .
70 May 2024