Two years post-ChatGPT, GenAI boosts efficiency but misses the big picture. A different take on AI regulations. And what should happen after you buy a car. All in this week’s Must Reads...
"Two years in, Generative AI has sparked significant interest in efficiency and productivity gains, but the true potential lies in redefining business models at scale. To unlock this, organizations must go beyond incremental improvements and evaluate the collective impact of GenAI technologies. Rethinking business model innovation—challenging hidden assumptions and embracing transformative possibilities—is key to staying competitive in this rapidly evolving landscape. This shift also demands addressing the research-product mismatch, ensuring that cutting-edge innovations align with real-world needs. By bridging this gap through early collaboration, cross-functional insights, and iterative feedback, businesses can turn breakthrough ideas into impactful solutions that drive meaningful change. #GenAI #BusinessTransformation #Innovation #FutureOfWork #ResearchToMarket"
EY, AI, Gen AI, IoT, and ML are truly game-changers, and here’s why: - They’re transforming industries and making processes faster, smarter, and more efficient. - AI helps us make sense of massive amounts of data, unlocking insights that were once hidden. - Gen AI is evolving rapidly, not just to automate tasks but to create new possibilities for innovation. - IoT connects devices in ways that can improve everything from home living to industrial operations. - Machine learning allows systems to improve continuously, learning from experience. - Together, they’re creating solutions that weren’t even possible a few years ago. - The future is bright: from self-driving cars to predictive healthcare, the possibilities are endless. - These technologies aren't just for tech experts—they’re impacting our daily lives in ways we can feel. - But as we move forward, we need to stay mindful of ethical concerns and regulations to guide us. - With the right balance, AI and its counterparts can create a future full of opportunity, efficiency, and growth. This is the revolution we’ve been waiting for. Let’s embrace it!
Great perspective! GenAI has indeed unlocked unprecedented opportunities for operational efficiency and productivity, but its true potential lies in its ability to catalyze transformative shifts in business models. To fully harness this potential, businesses must adopt a more holistic approach—integrating GenAI not just as a tool for optimization, but as a strategic enabler for innovation. By challenging existing assumptions and exploring cross-functional use cases, companies can uncover new revenue streams, redefine customer experiences, and scale innovation at a pace previously unimaginable. The question isn't if GenAI can reshape your business, but how quickly you're ready to embrace it.
This is such a thoughtful list of ideas to enhance both personal and professional lives. Each point resonates, but the 4th, Wellbeing Wins, stands out the most. Prioritizing mental and physical health is essential not just for productivity but for overall happiness. It's a great reminder that self-care isn’t selfish—it’s necessary. Thank you for sharing.
Agility must be at the core of every business model. GenAI is poised to revolutionize processes fundamentally, and the real question is whether a company is prepared and equipped to embrace this transformation. Those that adapt quickly will gain a decisive competitive edge.
Insightful read! It’s clear that GenAI, shifting consumer expectations, and cross-industry innovation are reshaping the future of business. The call to rethink business models and extend customer engagement, especially in industries like automotive, is spot on. Also, the emphasis on regulation as an enabler rather than a constraint highlights the balance needed for sustainable growth. Excited to see how these trends unfold and drive meaningful change across sectors!
Insightful and enjoyed while reading. 👍 Extending engagement beyond the sale builds loyalty and untapped revenue.
The GenAI Gap - I found the emphasis on evaluating the combined impact of all potential GenAI use cases and technologies to be particularly valuable. It's a reminder that a holistic approach is crucial for successful AI implementation.
I would love to share my articles related to #genai and as a Senior Project Manager and lead in EY leading and working with one of the biggest Bank AI teams. You may like https://medium.com/me/stories/public or https://dhirajpatra.blogspot.com
Internal workflow process wizard | Business Process Analyst | IT Problem Solver | Passionate for Communications and Customer Service
1wI know it is Friday when EY News (LinkedIn) is giving us the 5 must-reads for the weekend. The GenAL Gap message is good for the businesses. The AI ChatGPT need to be conveyed to retired people and people that arte looking for jobs. Simply because they need to know how to use it in the future. The people that are looking for jobs need to trained in case they get a job. Like I have stated repeatedly, whether you are young or old needs to understand the process of AI ChatGPT.