Generative Artificial Intelligence: A New Chapter for Enterprise Business Applications

Generative Artificial Intelligence: A New Chapter for Enterprise Business Applications

This IDC Perspective covers the rapidly evolving generative AI applications landscape, approaches to building an enterprise solution, the funding distribution, and insights from CIO quick poll on the promise of generative AI. It also includes generative AI basics, benefits, current limitations, and approaches to address those challenges. It provides guidance to the technology buyer on how to embrace generative AI responsibly and maximize ROI."ChatGPT has put generative AI on the radar for businesses across industries. Generative AI potential for innovation and disruption is on a scale comparable to the introduction of the internet and the smartphone," says Ritu Jyoti, group VP, Artificial Intelligence (AI) and Automation Research at IDC. "Enterprises need to embrace generative AI responsibly partnering with trusted suppliers and collaboratively addressing the existing concerns and challenges."

Please Note: Extended description available upon request.


Executive Snapshot
Situation Overview
Generative AI Basics, Current Limitations, and Solutions to Address the Limitations
Examples of Generative Foundation Models
Some of the Generative AI Key Issues
Accuracy
Misuse
Increase in Biases
Copyright Ambiguities
Data Security and Privacy
Lack of Skill Set
Approaches and Current Solutions to Address Generative AI Limitations
Building a Generative AI (Powered) Enterprise Application/Solution
Generative AI — Top Applications ― CIO Insights and Funding Distribution
Generative AI — Enterprise Applications Examples
Knowledge Management Applications Including Discovery and Summarizations
Sales and Marketing Applications (and Other Lines-of-Business Applications)
Code Generation Applications
Conversational AI Applications
Design Applications
Industry-Specific Applications Examples
Healthcare
Financial Services
Manufacturing
Advice for the Technology Buyer
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Related Research
Synopsis

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