The Executive Playbook For Generative AI: Turning Potential Into Business Value

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Ram Menon News

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Ram Menon is the Founder and CEO of Avaamo, a generative AI leader for the enterprise. Read Ram Menon's full executive profile here.

The focus should instead be on how businesses can implement AI in ways that automate workflows end-to-end and drive immediate value, all while mitigating risks and ensuring compliance. Unlike the mixed messages in the market today, the reality is that this is achievable today.Choose a business output or workflow you want to transform first.

Other unfocused efforts typically revolve around experimenting with multiple vendor tools at the same time or using multiple LLM interfaces without a cohesive goal in place. Avoid these pitfalls by building your approach parameters, objectives and processes in advance.For enterprise leaders under pressure to understand, monitor and adopt AI for their organization, focus on driving near-term value by aligning GenAI efforts to your internal end users’ current roles.

A global systems integrator adopted generative AI with a razor-sharp focus on business outputs. They first chose to implement it in their human resources department. The reason was that it had an internal domain, a secure authentication infrastructure in place and a reduced transaction risk.

 

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