Your generative AI project is almost certainly going to fail. But take heart: You probably shouldn’t have been using AI to solve your business problem, anyway. This seems to be an accepted fact among the data science crowd, but that wisdom has been slow to reach enterprise executives. For example, data scientist Noah Lorang once suggested, “There is a very small subset of business problems that are best solved by machine learning; most of them just need good data and an understanding of what it means.”
When leaders say they want to be a data-driven organization, a key objective is empowering business people to use data, predictive models, generative AI capabilities, and data visualizations to improve decision-making.
Leaders seek smarter decisions that yield positive business benefits, faster decision-making to respond to opportunities, safer decisions that minimize risks, and change management disciplines to grow the number of employees using analytics tools across the organization. They also seek scalable solutions using the latest machine learning models, AI capabilities, and new data assets, ensuring that data is compliant, protected, and secure.
Your genAI project is almost certainly going to fail. But take heart: You probably shouldn’t have been using AI to solve your business problem, anyway. This seems to be an accepted fact among the data science crowd, but that wisdom has been slow to reach enterprise executives. For example, data scientist Noah Lorang once suggested, “There is a very small subset of business problems that are best solved by machine learning; most of them just need good data and an understanding of what it means,” yet 87% of those surveyed by Bain & Company said they’re developing genAI applications.
The 2024 InfoWorld Technology of the Year Awards will recognize the best and most innovative products across 26 categories in software development, cloud computing, data analytics, and AI and machine learning. Nominations for the 2024 awards are now open.
Products in the following categories are eligible to win:
Winners will be selected by a panel of judges based on technology impact, business impact, and innovation.
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