Part 2: B2B Gen AI Use Cases: Practical Applications and Differentiation from Traditional AI
Eugina Jordan
CMO to Watch 2024 I Speaker | 3x award-winning Author UNLIMITED I 12 patents I AI Trailblazer Award Winner I Gen AI for Business
In the rapidly evolving landscape of artificial intelligence (AI), businesses increasingly turn to AI solutions to enhance their operations, improve decision-making, and drive innovation. Among the latest advancements is B2B Generalized AI (Gen AI), a powerful paradigm that goes beyond traditional AI approaches.
In this second installment of the Gen AI for B2B series, we delve into the nuances of Gen AI, compare it with traditional AI, and explore practical use cases across two regulated industries: telco and healthcare.
B2B Gen AI, short for Business-to-Business Generative Artificial Intelligence, represents a new breed of AI systems designed to tackle complex problems across various domains by generating decisions, models, images, etc., based on network and user data. Gen AI possesses a broader understanding and adaptability than specialized AI models focusing on specific tasks (such as image recognition or natural language processing). It combines machine learning, deep learning, and other techniques to create versatile solutions that can be customized for specific business needs.
Traditional AI vs. Gen AI: Key Differences
Practical Applications of Gen AI for B2B in Regulated Industries
1.?????? Telecom Industry: B2B Gen AI in the Telecom Industry: Enhancing Networks and Customer Retention
In the rapidly evolving landscape of the telecommunications industry, the integration of cutting-edge technologies has become essential for staying competitive and meeting the evolving needs of businesses. Among these technologies, Generative Artificial Intelligence (Gen AI) has emerged as a powerful tool, offering unprecedented opportunities to enhance network performance, improve customer experiences, and drive business growth. In this exploration of B2B Gen AI in the telecom sector, we delve into how this innovative technology is transforming networks and revolutionizing customer retention strategies. Gen AI is reshaping the telecommunications landscape, from optimizing network infrastructure to predicting customer churn, paving the way for a more connected and customer-centric future.
In the world of telecommunications, maintaining robust network performance is critical. B2B Gen AI has emerged as a game-changer, revolutionizing how telecom companies manage their networks. ?AT&T, a leading telecom provider, leverages Gen AI to optimize its vast network infrastructure. Gen AI predicts network bottlenecks by analyzing real-time data from cell towers, routers, and switches. It dynamically allocates resources, ensuring seamless connectivity for millions of users. As a result, dropped calls and slow data speeds have significantly reduced. Since deploying Gen AI for network optimization, AT&T has observed a 20% reduction in network downtime and a 15% improvement in call quality.
Verizon uses Gen AI to fine-tune its 5G network. Gen AI predicts peak usage times by analyzing user behavior patterns and optimizes bandwidth allocation. This proactive approach ensures uninterrupted service during high-demand periods, such as major events or holidays. With Gen AI-driven 5G optimization, Verizon achieved a 30% increase in overall network efficiency and a 10% decrease in latency.
T-Mobile bile employs Gen AI to predict potential churners. Gen AI identifies subscribers at risk of leaving by analyzing historical usage patterns, billing data, and customer interactions. T-Mobile’s retention team then tailors personalized offers, discounts, and loyalty programs to retain these customers. After implementing Gen AI for churn prediction, T-Mobile experienced a 12% reduction in churn rate and a 7% increase in customer lifetime value.
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Vodafone e, a global telecom giant, uses Gen AI to address churn proactively. Gen AI predicts churn probabilities by considering factors like contract renewal dates, usage fluctuations, and customer complaints. Vodafone’s customer service representatives reach out to high-risk customers, improving retention rates. Vodafone: Gen AI-powered churn prevention led to a 15% decrease in customer attrition and a 20% increase in customer satisfaction scores.
B2B Gen AI is reshaping the telecom industry by optimizing networks and retaining valuable customers. Its adaptability, data-driven insights, and real-world impact make it an indispensable tool for telecom providers worldwide.
2. Healthcare Sector
B2B Gen AI is revolutionizing disease diagnosis and drug discovery in the healthcare sector, ushering in a new era of precision medicine and therapeutic innovation. In disease diagnosis, Gen AI serves as a formidable tool for medical professionals, enabling them to interpret complex medical images with unprecedented accuracy and efficiency. For instance, biopharma companies like Insilico Medicine and Evotec leverage Gen AI in clinical trials to expedite drug discovery processes by automating disease detection and early intervention. This approach accelerates diagnosis and reduces human error, ultimately improving patient outcomes. Similarly, smart technology companies like Zepp Health are integrating Gen AI into wearables to provide users with personalized health insights, empowering them to take proactive steps towards better health management.
In drug discovery, Gen AI is streamlining the search for novel medications by analyzing vast datasets of chemical and biological information to identify potential drug candidates. Global pharmaceutical giants like 辉瑞 , Sanofi , and 默克 are harnessing Gen AI's capabilities to pinpoint promising drug targets, thereby expediting the development of life-saving medications. Additionally, companies like The Janssen Pharmaceutical Companies of Johnson & Johnson and Merck are leveraging Gen AI for drug design and repurposing, resulting in more efficient drug development pipelines and substantial cost savings. These examples underscore the transformative impact of Gen AI in healthcare, driving efficiency, innovation, and improved patient care outcomes.
However, deploying Gen AI in healthcare comes with its own set of considerations similar to telecom, including data privacy, human oversight, and ethical use. Ensuring patient data security and compliance with regulations is paramount, necessitating robust privacy protocols and governance frameworks. Incorporating human oversight into AI-driven processes is crucial to validate AI-generated suggestions and maintain accountability. Furthermore, ethical considerations must be carefully weighed to balance innovation with patient safety, fostering trust and transparency in AI-enabled healthcare practices. In conclusion, B2B Gen AI holds immense promise for transforming healthcare delivery, enhancing diagnostics, and accelerating therapeutic innovation to improve patient outcomes and advance medical science.
Deployment Considerations
Deploying Gen AI involves several crucial steps to ensure its effectiveness and compliance with regulatory standards. Firstly, data preparation is essential, involving curating high-quality datasets for training and validation purposes. This step is crucial as the data's quality and diversity directly impact the AI models' performance. Next, selecting the appropriate algorithms and architectures is paramount. Different Gen AI tasks may require specific models, and careful consideration must be given to choosing the most suitable ones for the intended application.
Secondly, interpretability is a vital aspect of Gen AI deployment, particularly in industries with stringent regulatory requirements. Ensuring transparency in the decision-making process of AI models helps stakeholders understand how predictions are made and fosters trust in the technology. This transparency is not only essential for regulatory compliance but also for gaining acceptance among end-users and stakeholders.
Lastly, deploying Gen AI is not a one-time task but an ongoing process that requires monitoring and maintenance. Continuous monitoring of model performance allows for early detection of any deviations or deterioration in accuracy. Additionally, regular updates and refinements to the models are necessary to adapt to changing data patterns, emerging trends, and evolving business requirements. By establishing robust monitoring and maintenance protocols, organizations can ensure that their Gen AI systems remain effective, reliable, and compliant over time.
B2B Gen AI offers a promising path for businesses seeking adaptable, data-driven solutions. By understanding its capabilities and differentiating it from traditional AI, organizations can harness its potential to drive growth and innovation.
#ai #artificialintelligence #b2b #genai #telco #healthcare
IIFT Delhi MBA (IB) '25 | Accenture S&C | Ex-Deloitte | Manipal
6 个月Insightful, Eugina! Thanks for sharing. Just curious - Is the data cited in the article publicly available, or is it an outcome of a targeted research/survey conducted?
CMO to Watch 2024 I Speaker | 3x award-winning Author UNLIMITED I 12 patents I AI Trailblazer Award Winner I Gen AI for Business
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CMO to Watch 2024 I Speaker | 3x award-winning Author UNLIMITED I 12 patents I AI Trailblazer Award Winner I Gen AI for Business
7 个月Today, We talk about considerations for Gen AI deployments in regulated industries (telco) https://www.dhirubhai.net/posts/euginajordan_my-4th-installment-of-gen-ai-for-b2b-is-out-activity-7183063549856878592-uotc?utm_source=share&utm_medium=member_desktop
Content Strategist, Technology Business Writer and Editor who articulates value propositions of future making emerging businesses and innovations to position clients for thought leadership. #EmbraceTheFuture
8 个月Interesting article, and the use cases are clearly relevant. It will help to know how it can work without the labelling of data and how is it easier to interpret.
Thought Leadership Trainer for Founders, Cyber, Tech. Entrepreneur. Co-founder and Community builder, DIY Influence. Storytelling, transparency, and strong statements ahead.??
8 个月So helpful! Thank you for the writeup!