๐ ๐๐ก๐ ๐๐ฉ๐๐จ๐ฆ๐ข๐ง๐ ๐๐ข๐ฌ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง๐ฆ๐๐ง๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ฌ ๐ > 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 ๐๐๐๐ค ๐จ๐ ๐๐ง๐๐ฅ๐๐ญ๐๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ. 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 ๐๐ซ๐จ๐ฎ๐ ๐ก ๐จ๐ ๐๐ข๐ฌ๐ข๐ฅ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง๐ฆ๐๐ง๐ญ, 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. ๐ Key Obstacles to Corporate Adoption of LLMs: 1. ๐๐๐ฅ๐ฅ๐ฎ๐๐ข๐ง๐๐ญ๐ข๐จ๐ง๐ฌ: Inherent to LLMs, especially in complex use cases. We still have to invent technologies to manage them. 2. ๐๐๐ญ๐ ๐ ๐จ๐ซ๐ฆ๐๐ญ: Much of the data in companies is in tabular format which LLMs struggle to understand. 3. ๐๐ข๐ ๐ข๐ ๐๐จ๐ซ๐ค๐๐ฅ๐จ๐ฐ๐ฌ: True value comes when LLMs control workflows, not be controlled by the current rigid workflows and user interfaces. 4. ๐๐ซ๐จ๐๐๐ฌ๐ฌ ๐๐๐ข๐ฆ๐๐ ๐ข๐ง๐ข๐ง๐ : Instead of trying to speed up our current processes, we will achieve true benefit when we reimagine our processes leveraging LLMs. ๐ก 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 ๐๐ฅ๐จ๐ฉ๐ ๐จ๐ ๐๐ง๐ฅ๐ข๐ ๐ก๐ญ๐๐ง๐ฆ๐๐ง๐ญ to eventually reach the ๐๐ฅ๐๐ญ๐๐๐ฎ ๐จ๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ, 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
Imran Qureshiโs Post
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External Data and AI Are Making Each Other More Valuable
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This is a well-thought-out perspective on LLM technology. Itโs 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?