GenAI Deserves a Spot in Your "Business Strategy"
Rizwan Noorullah
Empowering leaders with Decision Intelligence | Business Operations
Okay, folks, grab your favorite cup of coffee because we're about to dive into some exciting tech territory! Ever been to a party and everyone's talking about GenAI and you’re like, “Wait, isn’t regular AI enough?” Well, by the end of this chit-chat, you'll not only be the life of the tech party, but you'll also know why your business might want to make that switch from traditional AI to Generative AI (or GenAI) in data analytics for smarter decision-making. ??
1. Think Big Picture: It’s Not Just About Predicting, It’s About Creating!
Alright, traditional AI is like that reliable friend who always tells you what you did last summer and maybe predicts what you’ll do next summer based on past choices (beach holiday again, anyone?). But what if you wanted to plan something totally off the charts? Enter GenAI. It’s like that wild card buddy saying, “Hey, how about a trip to the Arctic?” GenAI isn’t just regurgitating old stories; it's coming up with brand-new, exhilarating adventures!
2. "Imagine If...": Crafting Brand New Business Stories
What sets GenAI apart in the boardroom? Its knack for storytelling. Traditional AI might show you what's happened in past quarters, but GenAI? It's your creative partner, conjuring up scenes of what might be. Imagine diving into a brainstorming session with data saying, “Hey, have you thought about this angle?”
3. Personal Touch 2.0: Your Customers Deserve It
Today’s customers don’t just want personalization; they practically demand it. While traditional AI might give them a “Hey [First Name], here’s a deal based on your past purchases,” GenAI dives deeper, crafting suggestions like, “Remember that quirky cat mug you bought? How about this matching coaster set designed by a local artist?”
领英推荐
4. Riding the Wave of Change: The Ever-Learning Buddy
Let’s face it, business terrains shift quicker than fashion trends! And while traditional AI can keep pace to an extent, GenAI is like that hipster friend who's always two steps ahead, constantly evolving and getting sharper with each interaction.
5. Keeping Things Lean: Say Goodbye to Big Data Spending
So, collecting real-world data for your business can be like chasing a limited-edition sneaker drop: time-consuming and pricey. But guess what? GenAI’s got a hack for that. It can whip up simulated data that's almost as good as the real deal, saving you time and money.
Wrap Up: Why Settle for Predictable When You Can Innovate?
Look, traditional AI isn’t going out of style. It’s still that trusty tool in your tech toolbox. But if you’re looking to shake things up, to truly innovate and be ahead of the curve, then it might be time to invite GenAI to the party. Because, let’s be real, in today’s business world, who wants to play catch-up when you can lead the way? Cheers to the future and all the creative possibilities it holds! ??
Business Consultant | Director General - GCPIT India UK trade | National President -Telecom Council WICCI | Advisory Board member BOS at MITWPU Business School, Ramcharan School of Leadership & CHARUSAT University |
1 年Agree with you Rizwan Noorullah, in my opinion generative AI has the power to change the complete customer experience and also the way we do business, if utilized to its best potential. Companies need to take advantage of this technology advancement for improving their customer experience and increasing their revenues.