The Evolution of Generative AI in the Enterprise
Originally Published 2 years ago — by TechCrunch
Despite the hype surrounding generative AI, CIOs in large enterprises are proceeding cautiously when it comes to implementation. While the technology has the potential to improve efficiency and productivity, there are associated costs and uncertainties. A survey found that only 4% of large company CIOs had launched significant generative AI projects, with most still in the evaluation or proof of concept phase. CIOs are under pressure to deliver transformative experiences, but they also need to establish structure and organization for successful implementation. Some CIOs have started with smaller proof of concept initiatives and are exploring various use cases. The challenge lies in measuring the impact and productivity of generative AI, as it is still early days for this transformative technology.