Artificial intelligence has been immortalised in movies with hits like "Bicentennial Man", "Upgrade" and its namesake "Artificial Intelligence" by Steven Spielberg.
These days AI is getting a revival in the enterprise following OpenAI's launch of Chat Generative Pre-trainer Transformer on 30 November 2022. The large language model-based chatbot, more popularly known as ChatGPT, is making a lot of buzz in the boardroom, at conferences and almost everywhere imaginable.
But as with other emerging technologies, generative AI carries as many risks as it offers opportunities. Sanjay Deshmukh, senior regional vice president for ASEAN and India at Snowflake acknowledged that GenAI democratised AI and many organisations are prioritising and embracing it.
He cautioned that companies need to understand their AI and data strategies as well as consider the business use cases and outcomes to fully leverage GenAI today. “It is the data that powers AI. Educating enterprises focusing on the business outcome is key to business success,” he continued.
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