Digital Transformation Journey

We all know that the adoption of Generative AI platform / tool has grown at a breakneck pace. The focus is often on Open AI's large language model, Chat-GPT. But GenAI does not stop at text generation. It also promises greater efficiency, improved output, and better use of resources to produce other content. However, organizations that want to take advantage of this should also be aware of the potential threat this technology has posed to the business world. This requires them to set few rules of the game to protect the sensitive data and customer privacy - to avoid running afoul of regulators. Despite all the excitement about the potential of the now widespread and easily accessible technology, there is growing concern about its legal admissibility and possible liability risks for companies. Not least the temporary ban on Chat-GPT in Italy has shown that GenAI's features entail many legal uncertainties. Companies that want to use GenAI in their own business should therefore ...

In the wake of advances in generative AI and large language models (LLMs), there is excitement about what this technology means for businesses. Chief executives, data leaders and AI experts are being scrutinised for their strategic next steps. From boosting productivity and reducing operational costs to finding new routes to revenue generation, generative AI could transform traditional business models. Running alongside this excitement is deep concern, inside the tech industry and beyond, that generative AI models are being developed too quickly blossoming into a new hype machine for the industry to follow with curiosity. While other recent hype cycles have failed to deliver, is this the one that will deliver on its promises? The short answer is yes. It will not be immediately used in the ways that sci-fi thrillers would lead you to believe, but business leaders across every industry will deploy AI to augment today’s workforce by eliminating ordinary tasks. In fact, business leaders wh...