Karan Sachdeva’s Post

For years, industries have been adapting and transforming to the rhythm of Artificial Intelligence (AI). The emergence of Generative AI stands to escalate this industrial revolution to new heights by enhancing productivity, curbing labor expenses, and refining business operations. Today, we will explore some of the top benefits to enterprises and why we need Gen AI in our businesses. Read full blog: https://lnkd.in/gPA5jssk #GenAI #AI #Innovation

I would like to add that before even diving into any specific AI technology like Gen-AI, companies should prioritize understanding the "WHY" behind wanting to implement AI. Here's why this initial step is crucial: 1. Identifying the Right Problem: Simply chasing the latest AI trends can lead to mismatched solutions. A clear understanding of the specific business problem or challenge can help determine if AI is even the right approach. 2. Aligning with Business Goals: AI should be a tool that supports existing business objectives. Defining goals upfront ensures AI implementation contributes to the company's overall strategy. 3. Optimizing Resource Allocation: AI development and implementation require resources. Here are some questions companies can ask themselves before jumping into AI or Gen-AI: - What specific challenges are we facing? (e.g., inefficiency in a process, lack of personalized customer experiences)   - How can AI potentially address these challenges? (e.g., automating tasks, generating data-driven insights)   - What are the desired outcomes of using AI? (e.g., increased efficiency, improved customer satisfaction, cost reduction)

All of us are aware of the immense capabilities of AI technology - many of which have yet to be unleashed. The critical question before us: How can we best create some degree of control over this technology, particularly in a way that caters to our organizational needs? Businesses of the future will not thrive without experts who are equipped to navigate this complicated question. #AI #MachineLearning #BusinessTransformation #Innovation

“Tackling bias in generative AI remains a more complex problem, requiring new evaluation methods such as adversarial testing. With adversarial testing, our team works to intentionally push generative AI models’ and applications’ boundaries to understand where the system may be weak or susceptible to bias, toxicity, or inaccuracy. #AI #ARTIFICIALINTELLIGENCE #TRANSFORMATION #INNOVATION #BIGDATA Gary Drenik Claire (Na) Cheng Salesforce

AI isn't the future, it's the NOW. Learn how AI-powered solutions can: + Improve customer service + Optimize operations + Drive revenue growth ...and more! #AI #BusinessStrategy #artificialintelligence Checkout our latest blog post on Harnessing the Power of AI... https://lnkd.in/gg-2M5ks

When utilized the right way, AI is an absolute game-changer! By using AI, time-consuming tasks such as data recording, financial transaction categorizing, and inventory management can be automated, freeing up your team to focus on more important tasks at hand. Plus, AI isn't just limited to mundane tasks - it can also analyze competitor activity, and market trends, and even detect fraud!   Is your business utilizing the power of AI yet? #AI #AIbusiness  

Dive into the fascinating world of Artificial Intelligence integration. Uncover the strategies adopted by the business leaders for aligning their goals with AI, managing the change, and addressing ethical dilemmas. #sapphirenw #sapphirenw #sapphireai #aiintegration #businessstrategy #aiethics #aiadoption #businesstransformation

🧠🚀 The AI wave continues! Generative AI has gone from an experimental curiosity to a major business disrupter - revolutionising the way we work, and providing immense opportunities for growth. 💡 Successful implementation of genAI can lead to game-changing results like: a potential 45-50% reduction in average handling time for customer service calls; 50-60% increase in agents’ speed to competency; a 25% reduction in time spent on addressing customer queries and ensuring thorough document compliance checks. 🔭 As we move forward, navigating this AI gold rush carefully will be imperative. Prioritising data management, organisation and maintaining human intervention holds the key to unlocking the full potential of genAI. Because let's face it - the future of AI is not about replacing humans, it's about augmenting our strengths. Are you ready to embrace the future with genAI? #GenerativeAI #AI #DataManagement #DataGovernance #ArtificialIntelligence #DigitalTransformation

🤖📊 Exploring the Impact and Risks of AI in Corporate Decision Making 📈🤖 Artificial Intelligence (AI) has seamlessly woven into our daily lives, from voice assistants to personalized recommendations. Yet, its transformative potential goes beyond the surface. Enter Generative AI, the cutting-edge technology driving innovation across industries. Reports suggest that businesses are embracing Generative AI to shape decision-making processes, with one-third adopting it in some capacity. Corporate boards are leveraging AI's capabilities to enhance governance, risk management, and compliance. While AI offers unprecedented advantages, it's crucial to tread carefully. AI's outputs are contingent on the quality of data and rules provided, potentially perpetuating biases. The advent of Generative AI introduces unique challenges like AI hallucinations and the "black box" issue, where outcomes remain unexplainable. As AI continues to evolve, it's integral for Directors and Officers to navigate these complexities, considering potential legal liabilities and D&O insurance implications. Crafting appropriate regulatory frameworks is a pressing need to harness AI's potential while ensuring responsible deployment. The AI journey is a tightrope walk between innovation and ethical responsibility. 🌐🤝🚀 #AIInDecisionMaking #EthicsInTech #InnovationAndGovernance https://lnkd.in/dDqeSBr3 Kennedys JD Supra

In a conversation with Charulatha M, Correspondent, siliconindia magazine. Vikram Bhandari discusses maximizing productivity with Generative AI, addressing adoption factors, ethical use, and its impact on market research. Read the full discussion here- https://lnkd.in/gp-6QxwF