You might have noticed that Generative AI is making waves in the news and infiltrating the operations of numerous companies, and your observation is spot-on. But what's fueling this widespread prominence? To sort out these things, we’ve come up with a webinar that’s uncovering the intricacies of this technology and its benefits for businesses. From improving employee productivity and customer experience to task automation and empowered decision-making, there’s no doubt GenAI can boost business operations. So, what exactly do we share? - The history of Generative AI and how it works - The applications of GenAI in business today - Real-world case studies across various industries - Key challenges of implementing GenAI - How to address the concerns - Future of business with Generative AI - First steps to get ready for GenAI adoption You can find all this in our on-demand webinar: https://www.velvetech.com/events/transforming-business-with-genai/

1. Generative AI Revolution:
Transforming Business with
GenAI-Infused Software
Prepared by Gregory Entin

2. Generative AI and
Current Tech

3. THE RESULT OF YEARS OF HARD WORK
• Dedicated research
• Experimentation
• Gradual improvements
History of GPT Large Language Models
GPT-1
Jan. 11, 2018
GPT-2
Feb. 14, 2019
GPT-3
May 28, 2020
ChatGPT
Nov. 30, 2022
GPT-4
Mar. 14, 2023

4. § A subset of AI
§ Based on Neural Networks and Machine
Learning models
§ Trained on vast amounts of data
§ Can generate new content based on the learned
patterns
§ Convolutional Neural Networks (CNN) for
graphics
§ Recurrent Neural Networks (RNN) for text
Understanding Generative AI

5. § Expert Systems
§ Data Extraction
§ Data Categorization
§ Automated Quality Control
§ Object Detection
§ Speech Recognition
§ Personalized Recommendations
§ Predictive Analytics
§ Autonomous Vehicles
§ Facial Recognition
§ Chatbots
§ Deep Learning
§ Robotics
§ Healthcare Diagnostics
History of AI Applications

6. Generative AI
On the Verge of Artificial
General Intelligence

7. § CONTEXT: AGI remains a goal, and Generative AI
serves as a pivotal step towards achieving this
milestone
§ GENAI'S IMPACT: Leveraging deep learning, it
pushes technological boundaries, automating
tasks across domains
§ VERSATILITY OF GPT: GPT embodies the
adaptability, applicable to a wide array of tasks
§ DIFFERENTIATOR: GPT's versatility marks a
paradigm shift from traditional AI technologies
GPT – A Universal Tool

8. § Marketing, copywriting, SMM
§ Complex data extraction and normalization
§ Quality control
§ Prioritizing and business decision-making
§ Ideation
§ Estimating and forecasting
§ Risk management
§ Education
§ Customer service
§ Content personalization
§ Recruitment and HR
§ Healthcare diagnostics
§ Legal document analysis
§ Predictive maintenance
§ Sentiment analysis
Generative AI in Business Today

9. GenAI
Case Studies

10. MATCHING HEALTH INSURANCE PLANS WITH
MEDICAL CODING FOR ELIGIBILITY AND COVERAGE
ESTIMATES
§ Health insurance plans – poorly structured text
§ Identifying policy eligibility and coverage
§ Automated calculation of:
§ Coverage amount
§ Deductible
§ Co-payment
§ Co-insurance
§ Out-of-pocket maximum
§ Claim amount
§ Reimbursement amount
Case Study: Healthcare Insurance Verification

11. PROVIDING AN AI TOOL FOR CORPORATE EMPLOYEES
§ Built into native corporate environment via
MS Teams integration
§ Corporate access control
§ Secure
§ Adherence to privacy policies
§ High reliability
§ Usage and cost control
§ Fully auditable
§ Available from any devices
Case Study: Corporate AI Chatbot

12. IMPLEMENTING AN ERP ADD-ON FOR EMPLOYEE
TIMESHEET RECORDS VALIDATION AND CONTROL
§ Automatic analysis of work time records
§ GPT-based, provides accuracy of 85% and more in
detection of incorrect records
§ Escalating and reporting to management
Case Study: AI Timesheet Records Control

13. CREATING PERSONALIZED LEARNING
RECOMMENDATIONS FOR PARENTS OF STUDENTS
§ Real-time recommendations based on student
learning data
§ Personalized learning paths, individual for every
student
§ Predictive analytics: predicting student
performance, identifying at-risk students
§ Learning analytics: offering insights to teachers
and administrators
Case Study: AI Recommendations for K12

14. Challenges of GenAI
Implementation

15. Challenges Overview
PROMPT ENGINEERING ROLE PRIVACY AND SECURITY
QUALITY ASSURANCE, STABILITY,
PERFORMANCE
GPT RESPONSES VS. MACHINE-
READABLE STRUCTURES
COST CONTROL AND
OPTIMIZATION

16. COMPLETELY NEW ROLE, NEVER EXISTED
§ Unique combination of skills
§ Need real experience
§ Hard to find on the market
Prompt Engineering Role

17. EXTREMELY IMPORTANT
§ Data encryption at rest and in transit
§ Access control
§ Data anonymization
§ Compliance with privacy laws
§ Incident response plan
§ AI model transparency and auditability
§ User consent and data rights
§ Limit the use of customer data for model training
Privacy and Security

18. NEW TECHNOLOGIES COME WITH RISKS
§ OpenAI platform availability and outages
§ Unpredicted model behavior changes
§ Unstable results based on input data
§ Degraded performance at peak hours
§ Robust testing protocols
§ Model validation and verification
§ Continuous monitoring and feedback loops
§ Version control and model management
§ Caching and failover
§ Performance profiling and optimization
Quality Assurance, Stability, Performance

19. Gen AI Costs Can be Significant
§ Transactional costs / per token
§ Cost profiling
§ Using different models (price differ x10, or x100)
§ Pre-processing with cheaper models
§ Custom models to run on-premise
§ Constant monitoring and improving
Cost Optimization and Control

20. HOW TO UNDERSTAND A ROBOT?
§ Ask for Structured Data Formats (JSON/XML, etc.)
§ Additional AI models (NER and others) for data
extraction
§ NLP Libraries (e.g. NLTK)
§ Built in quality control
GPT Responses vs. Machine-Readable Structures

21. Welcome to the
New Era of GenAI

22. VIRTUALLY EVERY SYSTEM WILL USE IT
COMPANIES NOT USING GENERATIVE AI
WILL BE LOSING IN COMPETITION
COMPANIES WILL NEED TO GAIN GENAI EXPERTISE
Future of Business with GenAI
1
2
3
LARGE VENDORS WILL OFFER NEW TOOLING
4

23. § Plan for the rise of
competition
§ PoC can be done in weeks
or even days
§ All tools are out there
§ # Years in AI business
§ Own AI-powered solutions
§ Expertise in AI, prompt
engineering
§ Expertise in your domain
STRATEGICALLY THINK ACT QUICKLY
EVALUATE AND SELECT YOUR
AI PARTNER
Getting Your Business Ready for GenAI

25. Subscribe to Our Newsletter on LinkedIn
DON’T MISS THE
NEXT EDITION!

26. Thank You!
+1 (847) 559-0864
sales@velvetech.com
www.velvetech.com