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H2: Join Top Executives in San Francisco on July 11-12 to Learn How Leaders are Integrating and Optimizing AI Investments for Success
Artificial Intelligence (AI) has been on an unstoppable path of development since late last year. There are Large Language Models (LLMs) like GPT-4, which are capable of extraordinary cognitive feats such as scoring in the 90th percentile on the Uniform Bar Examination. Progress in AI also includes ASR platforms like ASAPP, which have reached a 98.25% accuracy rate. Technology as powerful as AI has increasingly raised concerns, but the potential benefits of these systems are vast. This has led to the rapid integration of AI investments across a variety of industries and sectors.
H3: The Pace of AI Integration is Accelerating
Despite the rate of progress made in the field of AI and machine learning, some leading AI researchers, intellectuals, and entrepreneurs have voiced concerns over the technology’s consequences. AI adoption will soon become a widespread trend. Companies that invest in AI will gain a competitive advantage, changing how market share is distributed and how companies position themselves in the world.
H3: Intelligence is the Key Resource Driving AI Adoption
Intelligence is one of the most powerful and dynamic resources human beings have. AI can complement human intelligence, and there are countless use cases for AI beyond LLMs that have the potential to revolutionize all industries. This includes the five top use cases in finance alone, according to Gartner: demand/revenue forecasting, anomaly and error detection, decision support, POC (Proof of Concept) revenue forecasting, and cash collections.
H3: Expanding Business Opportunities as AI Adoption Doubles
AI adoption has more than doubled between 2017 and 2022, which is reflected in the 45% of executives who say that ChatGPT has led to an increase in AI investment, while 70% of companies are exploring generative AI. AI implementation is proving to generate significant value in areas such as increased productivity through automation, improved decision-making, innovation in products and services, and enhanced employee experience and skills acquisition.
H3: AI Becomes Integral to Daily Operations
AI is becoming integral to a wide range of functions, ranging from product development to operations, accounting, sales, and pricing. Companies will become divided into AI haves and have-nots. The adoption of AI will be a turbocharger for many aspects of business, but companies will not harness this performance boost unless the supporting tech stacks can support AI integration.
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FAQ:
Q: Why is AI adoption accelerating?
A: The potential benefits of AI systems are vast, and many companies are seeing competitive advantages offered by AI adoption.
Q: What are some of the use cases for AI in different industries?
A: AI can be used for demand/revenue forecasting, anomaly and error detection, decision support, POC revenue forecasting, and cash collections.
Q: How can AI be integrated into daily operations?
A: AI can be integrated into a range of functions, including product development, operations, accounting, sales, and pricing.
Q: What is the community?
A: The community is a platform where experts in data analytics and innovation share information about the latest ideas, the future of data, and the best practices for data tech.
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