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What strategies help maximize the business benefits of Generative AI?
What strategies help maximize the business benefits of Generative AI?
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Written by Gopi Krishna Lakkepuram
Updated over a week ago

Generative AI offers incredible potential, but thoughtfully applying it is key to realizing benefits. Here are some effective strategies:

  • Start small, think big: Run low-risk pilot projects focused on narrow problems so teams gain familiarity with generative AI capabilities before tackling broader initiatives.

  • Select appropriate tasks: Match generative AI to tasks well-suited to its strengths like content generation, data analysis, personalization, and predictions versus tasks requiring real-world knowledge or reasoning.

  • Supplement training data: While pre-trained models are remarkably capable out of the box, providing industry or company-specific data during fine-tuning focuses outputs better for business contexts.

  • Embrace rapid iteration: Generative AI allows swiftly creating and refining content. Take advantage of this to rapidly iterate on materials like marketing assets, support documents, and product copy.

  • Make it consumable: Generative AI often produces verbose outputs. Invest time into distilling and reformatting outputs into easily digestible assets like summaries, briefs, and highlights tailored to stakeholders.

  • Augment human creativity: Use generative AI to help ideate and brainstorm more diversely, then have humans curate the most relevant ideas suited for further development. This balances AI's volume with human discernment.

  • Automate carefully: When applying generative AI to automate workflows, carefully validate required output quality. Thoughtfully calibrate handoff points between automation and human review.

  • Enhance data value: Use generative AI's analytical abilities to extract more insights from data. Summarize key trends, surface non-obvious correlations, and generate personalized data perspectives.

  • Listen to users: Capture feedback on generative AI quality from real users, not just developers. Continuously fine-tune based on feedback to address pain points and improve user satisfaction.

  • Enable collaboration: Use workspaces or other access models that empower teams to efficiently share, discuss, and refine generative AI outputs relevant to their roles and objectives.

  • Plan for upgrades: Given rapid advances in generative AI, expect to reassess capabilities every 6-12 months. Budget for upgrades to take advantage of new features and higher performance.

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