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Gen AI in Business
Global Trends Report 2024
Contents
Key Takeaways
Click the links below to navigate directly to each section
Unveiling Industry Insights - A Comprehensive Survey Analysis
The Promise of Generative AI in Business
Exploring Vector Databases and API Models in Generative AI
Beyond Chatbots: Exploring Generative AI's Diverse Roles in Business
Innovation
Implementing Gen AI in Business Practice: Strategy is a key
The real potential of LLMs. We are in the beginning of the journey
Gen AI revolutionizes financial services
3
6
17
22
26
30
33
46
Uncovering AI-Driven Opportunities: Exploring Specific Use Cases 51
Beyond the Buzz: LLMs Potential and Pitfalls 42
Conclusion 56
PART 1: Unveiling Industry Insights - A Comprehensive Survey Analysis
The impact of Generative AI (Gen AI) is felt across various industries, with tech
companies leading the charge in integrating AI into their products and services.
Overview
AI in Business - Global Trends Report 2024
Back to Contents
At this stage, every sector has been impacted by the hype surrounding Gen AI.
However, this surge of interest has particularly affected tech companies, which
are under constant pressure to improve their products. Soon, failing to incorporate
AI into their offerings will make it impossible for companies to keep up with the
standards set by industry leaders.
Google, one of the leading tech companies in AI research and development,
has integrated AI into various products and services, including Google
Assistant, Google Translate, and Google Photos.
Amazon utilizes AI to enhance customer experience through personalized
product recommendations and voice-activated shopping with Alexa. The
company has also developed AI-powered logistics and delivery systems.
IBM, a decades-long leader in AI research and development, employs its
Watson AI platform across multiple industries such as healthcare, finance,
and retail.
Microsoft focuses on natural language processing and computer vision in
its AI research and development efforts. The company has integrated AI
into several products and services, including Cortana and Microsoft Azure.
Facebook uses AI to refine user experience with features like personalized
news feeds and facial recognition technology. The company is also heavily
invested in AI research and development, exemplified by its AI Research
division.
Gen AI adoption across industries:
Tech sector takes the lead
8
PART 1: Unveiling Industry Insights - A Comprehensive Survey Analysis
AI in Business - Global Trends Report 2024
Back to Contents
Generative AI usage
Although the technology itself has only recently entered the
mainstream, many companies have already adopted it in
some form.
However, many of these implementations are limited to
integrating GPT-based tools into a fraction of their internal
processes. This process, known for being straightforward, cost-
effective, and relatively seamless, represents just the beginning
of the generative AI journey.
Many companies have just started to explore the possibilities
that Large Language Models offer within their organizations.
Is your organization currently using Generative AI
(Gen AI) technologies in its business practices?
42%
Yes
26%
No
16%
Unsure
10
It's just a sneak peek of the comprehensive
report. 😉
If you find it valuable, download the full
version now!

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Gen AI in Business - Global Trends Report 2024.pdf

  • 1. Gen AI in Business Global Trends Report 2024
  • 2. Contents Key Takeaways Click the links below to navigate directly to each section Unveiling Industry Insights - A Comprehensive Survey Analysis The Promise of Generative AI in Business Exploring Vector Databases and API Models in Generative AI Beyond Chatbots: Exploring Generative AI's Diverse Roles in Business Innovation Implementing Gen AI in Business Practice: Strategy is a key The real potential of LLMs. We are in the beginning of the journey Gen AI revolutionizes financial services 3 6 17 22 26 30 33 46 Uncovering AI-Driven Opportunities: Exploring Specific Use Cases 51 Beyond the Buzz: LLMs Potential and Pitfalls 42 Conclusion 56
  • 3. PART 1: Unveiling Industry Insights - A Comprehensive Survey Analysis The impact of Generative AI (Gen AI) is felt across various industries, with tech companies leading the charge in integrating AI into their products and services. Overview AI in Business - Global Trends Report 2024 Back to Contents At this stage, every sector has been impacted by the hype surrounding Gen AI. However, this surge of interest has particularly affected tech companies, which are under constant pressure to improve their products. Soon, failing to incorporate AI into their offerings will make it impossible for companies to keep up with the standards set by industry leaders. Google, one of the leading tech companies in AI research and development, has integrated AI into various products and services, including Google Assistant, Google Translate, and Google Photos. Amazon utilizes AI to enhance customer experience through personalized product recommendations and voice-activated shopping with Alexa. The company has also developed AI-powered logistics and delivery systems. IBM, a decades-long leader in AI research and development, employs its Watson AI platform across multiple industries such as healthcare, finance, and retail. Microsoft focuses on natural language processing and computer vision in its AI research and development efforts. The company has integrated AI into several products and services, including Cortana and Microsoft Azure. Facebook uses AI to refine user experience with features like personalized news feeds and facial recognition technology. The company is also heavily invested in AI research and development, exemplified by its AI Research division. Gen AI adoption across industries: Tech sector takes the lead 8
  • 4. PART 1: Unveiling Industry Insights - A Comprehensive Survey Analysis AI in Business - Global Trends Report 2024 Back to Contents Generative AI usage Although the technology itself has only recently entered the mainstream, many companies have already adopted it in some form. However, many of these implementations are limited to integrating GPT-based tools into a fraction of their internal processes. This process, known for being straightforward, cost- effective, and relatively seamless, represents just the beginning of the generative AI journey. Many companies have just started to explore the possibilities that Large Language Models offer within their organizations. Is your organization currently using Generative AI (Gen AI) technologies in its business practices? 42% Yes 26% No 16% Unsure 10
  • 5. It's just a sneak peek of the comprehensive report. 😉 If you find it valuable, download the full version now!