Generative AI set to infuse $450B into enterprise sector – reports

2023-7-28 18:45

Generative Artificial Intelligence (AI) continues to make waves in the enterprise market with ABI Research, a global technology intelligence firm, predicting it to pump over $450 billion into the enterprise sector across twelve different verticals in the next seven years.

Generative AI has expanded rapidly in the business-to-consumer (B2C) market with applications like ChatGPT, Bard, Claude 2, Llama2, Midjourney, and Stable Diffusion.

Interestingly, the report suggests that the true economic potential of generative AI extends far beyond the B2C market, with the enterprise sector poised to reap the most significant benefits.

Reece Hayden, Senior Analyst at ABI Research, stated “A range of job roles in content-heavy verticals like marketing and education are already seeing disruption in the first wave of adoption.”

“The current wave of adoption will not be revolutionary. Rather, it will have an internal focus by augmenting employee productivity by providing generative tools.”

Three waves of AI adoption

Hayden continued to note three waves of AI adoption. The second wave will expose the enterprise market to more external services. With maturing trust in generative AI, there’s an opening for enterprises to start “building products or services around it.”

Industries like healthcare and legal are projected to increasingly lean on generative AI to construct essential services, such as managing patient health trends or developing chatbots to answer healthcare queries.

According to Hayden, the third wave of adoption could be the most significant contributor to value creation. This wave might see sectors like manufacturing and logistics employing generative AI to automate and streamline processes. Despite the opportunities, this also brings inherent risks, such as possible adverse outcomes of AI hallucinations.

As many enterprises are reported to lack a defined corporate strategy, leading to potentially fragmented deployments, a more careful and measured approach to enterprise deployment is thus recommended by ABI.  The strategy should include a central corporate plan for generative AI usage, governance, legal policy, and expected business outcomes.

As with any emerging technology, it’s uncertain how the generative AI market will evolve, especially considering the global regulation anticipated to take effect in the next two years.

However, given the existing use cases and the potential value at stake, ABI Research projects that generative AI will become an integral part of verticals and business processes over the next seven years.

The post Generative AI set to infuse $450B into enterprise sector – reports appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Waves Enterprise (WEST) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0228323
Капитализация $0 Rank 99999
Цена в час новости $ 0.1704 (-100%)

enterprise sector generative intelligence 450 pump predicting

enterprise sector → Результатов: 20


How Stellar’s $40M Investment In Tala Will Give Millions Access To Financial Services

The Stellar Development Foundation (SDF) has made a fresh bet on the financial services sector. According to a press release, the institution participated in a $145 million series E for Tala. A global technology company working on providing millions of people with access to lend, borrow, and other financial services Tala reached an over $350 million funding with support from the SDF and its Enterprise Fund, Upstart, and others.

2021-10-15 01:00


Cybercriminals are targeting healthcare companies with phishing campaigns to steal sensitive data

Healthcare providers are facing an unprecedented level of social engineering-driven malware threats, according to new research. The findings — disclosed by California-based enterprise security solutions provider Proofpoint US — discovered at least 77 percent of email attacks on the medical sector during the first three months of 2019 involved the use of malicious links.

2019-10-9 19:00


Фото:

Abra CEO: JPM Coin Is Example Of Enterprise Blockchain ‘Nonsense’

The enterprise blockchains and tokens appearing from major global corporations are “nonsense,” the CEO of cryptocurrency-based payment platform Abra has declared. Barhydt: Enterprise Blockchains Are 90s Internet Hype Speaking to Fortune in a recent appearance on its Balance the Ledger segment, Bill Barhydt delivered still rare mainstream media criticism of the emerging enterprise blockchain sector.

2019-2-26 13:00


ChronoBank Partners with Lykke

The time-based cryptocurrency project has partnered with a well-known blockchain trading company to provide fast and user-friendly exchange services. ChronoBank, a blockchain-based initiative aimed at disrupting the short-term recruitment sector, has announced a partnership with mobile wallet and trading enterprise Lykke - allowing users to trade ChronoBank’s tokens for other currencies frictionlessly.

2018-7-31 13:22


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45