Imran Qureshiโ€™s Post

View profile for Imran Qureshi, graphic

CTO & Chief Data Science Officer at b.well Connected Health

๐Ÿš€ ๐“๐ก๐ž ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐ƒ๐ข๐ฌ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง๐ฆ๐ž๐ง๐ญ ๐ฐ๐ข๐ญ๐ก ๐‹๐‹๐Œ๐ฌ ๐Ÿš€ > And why that is a good thing!! Gartner's hype cycle is a proven model for understanding the journey of revolutionary technologies. Today, we're seeing LLM (Large Language Model) technology at the ๐๐ž๐š๐ค ๐จ๐Ÿ ๐ˆ๐ง๐Ÿ๐ฅ๐š๐ญ๐ž๐ ๐„๐ฑ๐ฉ๐ž๐œ๐ญ๐š๐ญ๐ข๐จ๐ง๐ฌ. People expect it to eliminate jobs overnight, solve every problem we have, and be eagerly adopted by everyone. But now we're seeing a move towards the ๐“๐ซ๐จ๐ฎ๐ ๐ก ๐จ๐Ÿ ๐ƒ๐ข๐ฌ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง๐ฆ๐ž๐ง๐ญ, where initial excitement wanes as reality sets in. In 2024, only 63% of companies are planning to increase AI investments compared to 93% in 2023. Having worked extensively with LLM technology over the past year, I believe our expectations are inflated beyond what the LLM technology can deliver TODAY. ๐Ÿ” Key Obstacles to Corporate Adoption of LLMs: 1. ๐‡๐š๐ฅ๐ฅ๐ฎ๐œ๐ข๐ง๐š๐ญ๐ข๐จ๐ง๐ฌ: Inherent to LLMs, especially in complex use cases. We still have to invent technologies to manage them. 2. ๐ƒ๐š๐ญ๐š ๐…๐จ๐ซ๐ฆ๐š๐ญ: Much of the data in companies is in tabular format which LLMs struggle to understand. 3. ๐‘๐ข๐ ๐ข๐ ๐–๐จ๐ซ๐ค๐Ÿ๐ฅ๐จ๐ฐ๐ฌ: True value comes when LLMs control workflows, not be controlled by the current rigid workflows and user interfaces. 4. ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ ๐‘๐ž๐ข๐ฆ๐š๐ ๐ข๐ง๐ข๐ง๐ : Instead of trying to speed up our current processes, we will achieve true benefit when we reimagine our processes leveraging LLMs. ๐Ÿ’ก Navigating the LLM hype cycle: As we move through the hype cycle, the key to success for companies will be focusing on simple use cases, evolving their data platforms, changing their workflows to be dynamic and redesigning their processes. This approach will help us through the ๐’๐ฅ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐„๐ง๐ฅ๐ข๐ ๐ก๐ญ๐ž๐ง๐ฆ๐ž๐ง๐ญ to eventually reach the ๐๐ฅ๐š๐ญ๐ž๐š๐ฎ ๐จ๐Ÿ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ, where the real benefits of LLMs will be realized. Eventually we will look back at LLM technology being as transformative to our corporations and our society as the Internet and the mobile phone were. However we can't achieve that until we lower our expectations to be more realistic today. For a deeper dive into navigating the LLM hype cycle: https://lnkd.in/geX9ejPQ #AI #LLM #Technology #Innovation #HypeCycle #Productivity #BusinessTransformation

  • No alternative text description for this image

This is a well-thought-out perspective on LLM technology. Itโ€™s important to remember that the path to transformative innovation often includes a critical period of adjustment and recalibration. How do you see the role of smaller businesses in navigating these stages compared to larger corporations?

Like
Reply

To view or add a comment, sign in

Explore topics