03-20-2024 12:16 PM
I recently came back from Gartner's Data and Analytics Summit in Orlando, Floria. As expected, GenAI was a big area of focus and interest. One of the sessions that I attended was "10 best practices for scaling Generative AI."
The session highlighted the rapid adoption of generative AI, with 45% of organizations piloting and 10% already in production as of September 2023. While the benefits like workforce productivity, multi-domain applications, and competitive differentiation are evident, there are also significant risks around data loss, hallucinations, black box nature, copyright issues, and potential misuse.
Through 2025, Gartner predicts at least 30% of generative AI projects will be abandoned after proof-of-concept due to issues like poor data quality, inadequate risk controls, escalating costs, or unclear business value.
To successfully scale generative AI, the session outlined 10 best practices:
The session stressed balancing individual and organizational needs while making responsible AI the cornerstone for scaling generative AI capabilities.
Hope you found these useful. What are you thoughts on best practices for scaling GenAI?
04-28-2024 11:46 PM
Thank you for sharing such information, this is really insighful.
(James)