Generative AI, with its transformative potential, has swiftly become a central topic of interest among global business leaders. While discussions around it are rife, the real challenge lies in its practical implementation. Vivek Jetley, EVP & Global Head of Analytics at EXL, in a recent session at MachineCon 2023 in New York, delved deep into this very subject, shedding light on how businesses can transition from mere discussions to actual applications of Generative AI.
The Real-World Relevance of Generative AI
Jetley emphasized that while Generative AI is a hot topic, many businesses grapple with conceptualizing its practical use cases. He shared real-world examples, offering attendees a clearer picture of how Generative AI can be relevant and beneficial to their respective organizations.
Navigating the Business Impact and Risks
The session wasn't just about the promises of Generative AI; it was also about its challenges. Jetley explored the potential impact on businesses, the associated risks, and the necessary technological architecture alternatives. He also touched upon the required changes in data processes and the ever-important privacy considerations.
