Council Post: Here We Go Again: GenAI Ushers In A New Age Of Digital Transformation
Summary
As our company celebrates its 35th year, the executive team has been giving this concept renewed attention, spurred by the rapid rise of generative AI (GenAI). Digital transformation initiatives have earned their bad rap: Boston Consulting Group found these programs have a 70% failure rate, while other researchers go as high as 90%. As AI models continue to improve, gathering, managing, storing and securing the data used to train and refine outputs will eventually drive a need to connect with a public, private or hybrid cloud platform to support system updates. For example, GenAI is being explored as a way to accelerate the testing of code bases to ensure relevant software patches have been deployed to make these systems as immune to cyberattacks as possible. Encourage a culture of innovation, experimentation and collaboration across the ecosystem, in which employees are empowered to explore AI-driven ideas and prototype new approaches, and you’ll find that your organization has fully adopted new digital ways of working.