Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

How To Get The Most Out Of Your GenAI Deployment

Mar 04, 2024 - forbes.com
Generative artificial intelligence (GenAI) is revolutionizing various sectors, including banking, life sciences, and legal, by automating routine tasks and potentially automating work activities that take up 60-70% of employees' time. GenAI can add millions of dollars to organizations' bottom line and billions to the global economy, with the banking industry alone potentially gaining over $300 billion in additional value each year. However, the success of GenAI depends on the implementation process, and companies must know how to adopt and implement GenAI effectively to reap its benefits.

Three key areas to focus on for successful GenAI deployment include using different large language models (LLMs) for different use cases, combining human and artificial intelligence, and outlining clear objectives and setting measurable parameters. Different LLMs excel at different tasks, and using multiple LLMs can yield better results. Combining human judgment with AI's analytical capabilities can maximize AI value and increase human efficiency. Lastly, a step-by-step approach to adoption and implementation, with clear objectives and measurable outcomes, can ensure the success of GenAI deployment.

Key takeaways:

  • Generative artificial intelligence (GenAI) is rapidly gaining traction in the corporate world, with the potential to automate work activities that absorb 60 to 70 percent of employees’ time today.
  • For successful implementation of GenAI, it's important to use different Large Language Models (LLMs) for different use cases, and not rely on a single core LLM.
  • Combining human and artificial intelligence, or 'collaborative intelligence', can maximize the value of AI and increase human efficiency and effectiveness.
  • For successful GenAI deployment, it's crucial to outline clear objectives, set measurable parameters, and make necessary adjustments at each development stage.
View Full Article

Comments (0)

Be the first to comment!