The Future of Generative AI - From Models to Emergent AI
Sep 22, 2023
Generative AI
Generative AI (GenAI) is a game-changer in the IT landscape. It gained widespread recognition with the success of ChatGPT in 2022. AI has always been a strategic asset for IT, but now, generative AI empowers users to leverage it to deliver value quickly. The commercial potential is immense, and many forward-thinking organizations are already experimenting with their generative AI strategy.
To capitalize on these opportunities, IT executives are engaging in dialogues around how this technology can transform their business. They aim to seize opportunities and enhance their ability to provide value and gain a competitive advantage. Enterprises have concerns about hallucination (inaccurate or harmful information), data asset mismanagement, and privacy policy issues. They seek robust strategies to address them and achieve faster outcomes. These situations demand some tenets to guide IT executives to craft a persuasive generative AI strategy. Considering all these factors, we have identified three key questions that can shape an enterprise's generative AI strategy:
- What are the implications of generative AI on critical areas of IT?
- How do organizations decide the right implementation approach - fine-tune vs. train custom models?
- How will generative AI evolve into data-centric AI?
What are the implications of generative AI on the critical areas of IT?
Since generative AI is so versatile, IT organizations want to leverage the technology for efficiency gains and overcome technical constraints. Before embarking on that journey, they must comprehend the implication of generative AI on the workforce, business models, and data governance policies. They must also understand what kind of innovation will be required to address them. Let's discuss the implications across the following critical areas and how they can shape your generative AI strategy:- Workforce
- Business and operation model
- Policies
Proactive steps:
Figure 1: Proactive steps to mitigate genAI implications
How do organizations decide on the right implementation approach?
Organizations should collaborate with third-party providers and experiment with off-the-shelf models before choosing the right implementation approach for their generative AI strategy. This will help them understand the capabilities and limitations of this technology. It will also help to identify the best use cases and scenarios for their business goals. They can also leverage the expertise and experience of third-party providers to develop and deploy generative AI solutions and avoid potential risks and pitfalls. They can also evaluate the performance and accuracy of generative AI models and weigh their benefits and challenges. These evaluations allow them to choose the right implementation approach that aligns with their goals, resources, and constraints. We have identified three significant methods to aid IT leaders choose strategically between fine-tuning off-the-shelf models and developing and training custom models.
Figure 2: Gen AI implementation approach