American-based technology company Dell Technologies believes that Generative AI will be the center of business focus in 2024.
The MD of the tech company, Catherine Doyle predicts that generative AI will move from theory to practice, which will see powerful PCs unlock more AI advancements, and zero trust will become central to cybersecurity practices.
Doyle disclosed that in 2024, generative AI projects will start to be business-ready with visible productivity gains becoming evident while noting that an increasing number of Irish businesses will adopt AI and scale it across their organisations. She predicts that breakthrough technologies will help Irish businesses to navigate new challenges that may emerge in the coming months and to innovate at speed.
In her words,
“According to our latest GenAI Pulse survey, nearly half of IT leaders expect to see meaningful results from generative AI initiatives within six months to a year. One of the first steps that leaders can take to ensure successful AI adoption in the year ahead is to organize and structure data within their business.
“With the global explosion of data and AI, there will be an increasing need for organizations in Ireland to put in place the computing power to manage it effectively. Quantum computing will begin to address this and bring about a massive leap in the computing power that is required to unlock AI innovation. If we were surprised by the generative AI advancements of the last year, leaders should expect to see a bigger jump forward when quantum computing becomes intertwined in the near future.
“Over the next 12 months, the PC experience will shift from searching to prompting, from reading to understanding, and from editing to directing. This will result in the emergence of a two-way human-machine partnership in workplaces across Ireland. Also, as AI becomes a key part of laptops and devices, it will unlock improved privacy and security while also advancing sustainable design.”
Doyle further predicts that the promise of powerful digital assistants will become a reality next year, as PCs and AI technology become more powerful.
As technology continues to advance at a rapid pace, presenting a mix of opportunities for businesses in every sector, organizations with a strong culture of innovation are best placed to drive growth.
While AI evolution is still in the early stages, it is a technology that offers boundless possibilities for innovation and driving growth. Generative AI can help every business transform data into intelligent applications that enable them to solve complex business challenges, improve the customer experience, or enable new ways of working.
Notably, the introduction of AI into the business sphere will allow companies who adopt the technology, to gain a competitive advantage over their counterparts in the market. Also, as the rate of technological innovation increases in line with the use of exponential technologies, market dynamics will change accordingly, and those businesses that adopt the most flexible and modern strategieswill significantly increase their chances of financial success.
For the greatest benefits, businesses should look at putting the full range of smart generative AI technology, into their processes and products, as deploying the right AI technology into their business will enable them to gain the ability to:
- Save time and money by automating and optimizing routine processes and tasks.
- Increase productivity and operational efficiencies.
- Make faster business decisions based on outputs from cognitive technologies.
- Avoid mistakes and ‘human error’, provided that AI systems are set up properly.
- Use insight to predict customer preferences and offer them a better, personalized experience.
It is worth noting that Businesses that are reluctant to adopt AI technologies into their operations, will lag behind those that do and will suffer more prominent financial expenses in the long run.
