Executives in every industry are starting to consider how they can use AI to improve their businesses. In a recent Gartner, Inc. poll of executives, 45% reported that they are piloting mode with generative AI, and another 10% have put generative AI solutions into production. In March and April 2023, only 15% were piloting generative AI and 4% were in production.
Implementing AI can be both expensive and challenging if not done properly. In this post, we'll provide some quick lessons on how to safely and efficiently integrate AI within your business.
The vast potential of AI allows businesses to improve many areas of their operations. That said, there are some areas where you will get quicker results than others. Aside from customer service chatbots, text and document-heavy areas of your operation are ripe for improvement with AI. Below are some of the top use cases for generative AI in the enterprise world:
As you identify the potential benefits of implementing AI in your business, it is essential to consider the implications. One of the significant considerations when implementing AI for business is data privacy and how it can be safeguarded. Many AI services aimed at the business market have sub-standard data privacy protection, or may harvest your data for model training. That is why DataRM built AVA on the Azure stack; your data stays inside your organization.
Once potential risks are managed, you can turn your attention to the benefits of AI. Here are some points worth considering:
As you narrow in on deploying AI for your organization, there are some principles you will want to follow and points to remember if you are going to succeed. The first of these is to keep in mind that AI technology is very new, and it is changing by the day. The do-it-all AI you are dreaming of may not (quite) exist today, but beginning now will mean your organization is ready for it when it arrives.
Here are some best practices that C-Suite executives should follow when implementing AI for business:
Artificial Intelligence has the potential to transform businesses across every industry by improving efficiency, reducing costs and increasing productivity. A little careful planning and careful considerations of the challenges and opportunities ahead can set you up to make the most of the new era of AI for business.
By starting small, investing in employee training and data governance, and emphasizing performance indicators, companies can unlock the power of AI to improve their businesses. Developing a clear AI strategy and continuously monitoring the implementation will see productivity gains, strengthened customer experiences, and improved bottom-line results.
It also helps to have someone you trust to help show you the ropes. At DataRM, our long history deploying software at scale for enterprise informs our cutting-edge technology solutions. Whether it is deploying AVA in your enterprise or consulting with your leadership team about implementation, if you have questions, we can help.