The advent of GenAI has opened opportunities for enterprises to innovate with new business models By Bragadish Natarajan, Pramod Kamath,Karun Sarabhai The advent of GenAI has opened opportunities for enterprises to innovate with new business models, elevate customer & colleague experiences and deploy tools for enterprise enablement. In this context, service providers need to evolve how they deliver client value and evolve the way they deliver their work. The Core of Product Development: Speed, Quality, and Value Also Read How AI startups are contributing to environment and social impact How AI startups are contributing to environment and social impact DigiFraud & Safety Summit 2023 Live: A Digitally Safe World Man and machine: Teaming up to fend off cyber threats Programmable money and AI: New frontiers disrupting traditional capital markets The traditional project mindset of scope, time and cost incentivizes teams to increase delay and cost of project, promotes resistance to change and leads to lower value delivered to business. On the other hand, a product mindset adopts three core principles: Speed, Quality and Value. The shift from time to speed ensures focus on velocity of delivery, the shift from cost to value prioritizes return on investment, and the shift […]
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