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Demystifying AI at scale
Even though generative AI (GenAI) has quickly become a global business imperative, many C-suite executives are still unsure how to deploy the transformative technology within their organizations. In the 2023 CEO Outlook Survey, 62% of executives said they knew their organizations needed to act swiftly to avoid giving competitors a strategic advantage. Yet, in the same survey, 61% said uncertainty around AI makes it challenging to develop and deploy an artificial intelligence (AI) strategy widely across an organization.
Two additional surveys point to further uncertainty surrounding GenAI. In the 2024 EY CIO Sentiment Survey, while only half of chief information officers (CIOs) said they believe GenAI will enhance the value of their organizations, 83% anticipate that their budgets for GenAI will increase over the next 12 months. In addition, an EY survey of employee attitudes on AI use found that while 76% of employees said they encountered a positive experience with AI at work, 75% were concerned that AI adoption would make certain jobs obsolete.
Moving forward with GenAI at scale
How can organizations overcome this hesitation and demystify GenAI for members of the C-suite? And, what’s the best way to move forward with an enterprise-wide strategy that enables them to reap a wide range of benefits: from improving research and development efforts to enhancing their supply chains?
One way that organizations are getting started is by defining a pipeline of new GenAI-powered use cases, such as a call center chatbot assistant, that serve as value-focused opportunities for deploying AI at scale. Attempting to scale a new technology prototype such as GenAI is not for the faint of heart, however. To be effective, GenAI requires access to AI-ready data, which is often difficult at the enterprise level. In addition, to deploy GenAI responsibly, organizations need to take measures to maintain confidentiality and prevent data leakage.
Organizations can start by identifying the assets necessary to deliver these high-priority use cases and create specific outputs, such as SEO-aware product listings. GenAI can synthesize data to trigger predictions that will activate text, image, video or a dashboard that can deliver product ideas, advertising copy or supply chain models via a standard query. This can’t happen without reliable data, however, which means that organizations need to extract data from smaller, more discrete databases and then train them to support specific use cases.
Another way organizations are gaining value, and driving cost effectiveness into their AI strategy, is by developing an enterprise-wide control tower or center of excellence. This function will enable visibility into AI use cases across the business, helping to reduce duplication of efforts, leverage reusable assets and focus on realizing maximum value from AI.