Generative AI’s innovative features are well suited to supporting digital transformation Add bookmark Michael Hill Generative AI’s role in digital transformation Generative AI is undoubtedly the buzz phrase of 2023, but what role does this emerging technology play in relation to the less new but equally important concept of digital transformation? Digital transformation describes the revolutionization of traditional, often manual business processes to digitally driven, holistically agile strategies. The innovative capabilities of generative AI models – such as the power to learn input data patterns and structure and generate new data with similar characteristics – are well suited to supporting digital transformation efforts. From enhancing business workflows and efficiency to improving data management and cutting costs, generative AI offers several game-changing digital transformation opportunities. However, as with any novel technology that promises so much, knowledge of the associated risks and challenges, along with well-planned implementation, are key to success. Refining the value of data Data is the lifeblood of digital transformation, and generative AI is refining organizations’ ability to derive value from the data they hold. “A trove of unstructured and buried data is now legible, unlocking business value,” according to a MIT Technology Review report . Generative AI’s […]
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