2023-08-09 17:10:34
Generative AI is a multi-billion dollar opportunity!There will be some winners and losers emerging directly or indirectly impacted by Gen AI
But, how to leverage it for the business impact? What are the right steps? Clearly define and communicate company-wide policies for generative AI use, providing access and guidelines to use these tools effectively and safely.
Your business probably falls into one of these types of categories, make sure to identify early and act accordingly: Uses public models with minimal customization at a lower cost.
Integrates existing models with internal systems for more customized results, suitable for scaling AI capabilities.
Develops a unique foundation model for a specific business case, which requires substantial investment.
Develop financial AI capabilities to accurately calculate the costs and returns of AI initiatives, considering aspects such as multiple model/vendor costs, usage fees, and human oversight costs.
Quickly understand and leverage Generative AI for faster code development, streamlined debt management, and automation of routine IT tasks.
Integrate generative AI models within your existing tech architecture and develop a robust data infrastructure and comprehensive policy management.
Create a cross-functional AI platform team, developing a strategic approach to tool and service selection, and upskilling key roles.
Use existing services or open-source models as much as possible to develop your own capabilities, keeping in mind the significant costs of building your own models.
Upgrade enterprise tech architecture to accomodate generative AI models with existing AI models, apps, and data sources.
Develop a data architecture that can process both structured and unstructured data.
Establish a centralized, cross-functional generative AI platform team to provide models to product and application teams on demand.
Upskill tech roles, such as software developers, data engineers, MLOps engineers, ethical and security experts, and provide training for the broader non-tech workforce.
Assess the new risks and hav an ongoing mitigation practices to manage models, data, and policies.
For many, it is important to link generative AI models to internal data sources for contextual understanding.
It is important to explore a tailored upskilling programs and talent management strategies.What do you think?
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