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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 290
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Regulatory uncertainty overshadows gen AI despite pace of adoption

CIO Business Intelligence

Gen AI has the potential to magnify existing risks around data privacy laws that govern how sensitive data is collected, used, shared, and stored. We’re getting bombarded with questions and inquiries from clients and potential clients about the risks of AI.” The risk is too high.” Not without warning signs, however.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data technology can significantly improve the company’s pricing strategy. Therefore, it is a good idea to have predictive analytics models that account for these variables.

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How Private Equity Firms Can Manage Uncertainty With Scenario Modeling

Jedox

Swift changes are forcing management to rethink operating models. In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. This requires modeling, not casual empiricism. In the face of uncertainty, investor relations are paramount.

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Avoid generative AI malaise to innovate and build business value

CIO Business Intelligence

The research cited a lack of talent and skills to work with the technology (62%), unclear AI and GenAI investment priorities (47%), and the absence of a strategy for responsible AI (41%) as the top three obstacles. Reach consensus on strategy. Right-size your model(s). But how do you get there? This playbook can help.

Data Lake 123
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20 issues shaping generative AI strategies today

CIO Business Intelligence

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. How has, say, ChatGPT hit your business model?” This is an issue for CIOs.

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Novanta’s Sarah Betadam on transforming the IT model status quo

CIO Business Intelligence

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. This means really emphasizing the business partnership and making sure we’re aligning with the business strategy.