AI is now a reality and is permeating all parts of the organisation across all industry sectors. Those who adapt quickly and are able to use AI in their business and products will definitely have a competitive advantage over their rivals.
The use of generative AI (GenAI) such as Chat GPT will have a huge impact on how people work. The impact is already having an affect on the creative industries with the introduction of text driven image creation tools such as Stable Diffusion and text to video tools already in the works.
Generative AI in the workplace: Benefits include streamlined content creation, improved creativity, enhanced personalization, and efficient data analysis. Its applications in natural language processing contribute to better communication and automation, leading to increased operational efficiency and cost savings. Additionally, GenAI facilitates customised employee training, fosters human-AI collaboration, and supports innovative product development, making it a valuable tool for organisations seeking to optimise processes and drive innovation.
Machine Learning Operations (MLOps): Companies who are already leveraging AI either for their business processes or customer facing products need a systematic and collaborative approach to deploying, managing, and scaling machine learning models in real-world business environments. The entire machine learning lifecycle needs to be streamlined, from development and training to deployment and monitoring, ensuring models are deployed efficiently, consistently, and with continuous performance optimization. MLOps facilitates collaboration between data scientists, IT operations, and other stakeholders, addressing challenges related to model reproducibility, scalability, and maintaining model performance in dynamic, production environments.
AI trends: The use of GenAI will become the norm in the workplace in all, if not most organisations. The creative industry will see the most disruption. The recruitment of junior roles will be affected in a lot of industry sectors. Organisations will move towards managing and training their own machine learning models. As such the management of the companies data will take on new importance.
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The CTO Advisory has extensive experience with AI, helping companies train and manage their own models for diverse application areas. If you are looking to understand how your business may be affected by developments in AI or how you can leverage this for yourself, then you are in good company.
