Artificial intelligence is rapidly progressing from a promising technology to an integral part of business, changing how humans and machines interact. With recent advances in AI like chatbots powered by models such as ChatGPT, machines are shifting from tools to collaborative teammates. This wholesale change, dubbed by Gartner as “generative AI”, brings tremendous opportunities … [Read more...] about AI set to transform business – but risks must be addressed
AI viewpoints
How AI is Fueling a New Era of Growth for Small Businesses
Artificial intelligence (AI) is rapidly emerging as a vital asset for small and medium-sized businesses (SMBs) striving to gain an edge in 2024’s challenging economic environment. According to experts at Oxford Capital, a leading business investment firm, AI-driven tools have the potential to significantly bolster SMB efficiency, cost savings, and customer engagement. “One key … [Read more...] about How AI is Fueling a New Era of Growth for Small Businesses
The Year of Targeted AI in the Enterprise
AI innovator, Aware predicts that AI will make significant inroads into the enterprise in 2024. 2023 was dubbed “the year of AI” as over half of companies adopted large language models (LLMs) like ChatGPT into their workflows. However, LLMs are failing to live up to expectations in the enterprise and 2024 will see a shift towards more targeted, purpose-built AI models. LLMs … [Read more...] about The Year of Targeted AI in the Enterprise
Top 10 AI and Automation Predictions That Will Shape the Future
IDC recently revealed its top 10 worldwide predictions for artificial intelligence, generative AI, and automation that will significantly impact businesses and technology over the next few years with global spending on AI solutions surpassing $500 billion by 2027. Here is an overview of the predictions: 1. Managing Generative AI RisksAs generative AI advances rapidly, providers … [Read more...] about Top 10 AI and Automation Predictions That Will Shape the Future
The Rise of Generative AI in Business
Artificial intelligence that can generate original text, images and more is capturing executive attention across sectors. So-called generative AI represents the latest frontier in AI adoption. Nearly all organizations surveyed recently have these tools on their boardroom agendas. The new research by Capgemini indicates over half of executives globally say their leadership … [Read more...] about The Rise of Generative AI in Business