Forrester: Over The Next Decade, Generative AI Will Be The Fulcrum That Accelerates Business Growth
71% of enterprises are experimenting with real use cases for generative AI
GenAI success, however, requires full enterprise support and turning the technology’s friction points — BYOAI and coherent nonsense — into opportunities. To harness the full potential of genAI, leaders should:
- Make trust an intrinsic part of their enterprise’s genAI foundation. A deliberate and cohesive approach to trust is essential for long-term success. Companies that help their employees and customers understand the nuances of privacy and security will empower their users to be more confident and innovative in their use of this technology.
- Stay focused on practical, measurable use cases. GenAI use cases most often involve the augmentation or transformation of an existing product, service, or business process. In initial prototypes and use cases, select projects that lean toward employee-facing or offline generation, as opposed to real-time generation with a chatbot.
- Explore and invest in skills that are both known and emerging. To harness genAI successfully, both employees and leaders need to upskill continually. These include technical as well as soft skills to communicate the impact of genAI transparently and openly with employees.
- Differentiate by relying on their own business data. Foundational models are powerful tools but accessible to everyone. To create differentiation, organizations should rely on their own business data to build genAI models and applications.
“Generative AI has the power to be as impactful as some of the most transformative technologies of our time,” said
Resources:
- Read The Generative AI Advantage report (client access required) and uncover how to harness genAI to gain competitive advantage.
- Learn more about the impact of genAI and how it is continually evolving.
- Download Forrester’s 2024 Predictions guide and register to attend Forrester’s accompanying webinar to learn how to use genAI to accelerate growth in the coming year.
- Explore Forrester’s latest guidance to understand how to get value from genAI.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20231130010342/en/
Amanda Chordas
achordas@forrester.com
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