* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

4 key trends shaping how SMEs interact with generative AI 

March 1, 2024
in Business
4 key trends shaping how SMEs interact with generative AI 
Share on FacebookShare on Twitter

One year on from the public launch of ChatGPT, nearly one in two Australian technology executives expect to increase their AI investments by more than 25% over the next year.

According to a recent joint report by MIT and Databricks, AI investment has stormed to the top of the priorities list – despite cost-cutting measures across many businesses – due to its potential to increase efficiency and generate new revenue streams. 

Where year one was generally a year of exploring and experimenting with gen AI, year two is set to be a year of more use cases in production across various departments within organisations, more sophisticated AI implementation strategies, and further innovation in the AI realm itself. 

Here are four key gen AI trends for businesses to watch out for in 2024:

Use case-driven implementation

In 2023, an astounding 98% of Australian enterprises were using gen AI in some way, with 30% adopting it, and another 68% experimenting with it, according to the MIT report. There’s no denying that organisations across the board have felt a sense of urgency to adopt the technology within their businesses, regardless of the use case. In 2024, however, there will be a greater focus on finessing the practical use of AI with emphasis on the business problems gen AI is able to solve. 

Naturally, organisations that have had a head start in experimenting with gen AI in 2023 will be in a stronger position to determine which areas of business will most likely experience the greatest benefit of deployment. For instance, banks such as NAB have applied AI to speed up productivity for its bankers so they can spend time building and deepening relationships with their customers – time consuming work like writing memorandums on companies can now be done with gen AI, drastically speeding up the loan approval processes. On the other hand, for areas such as health and government, which also grapple with strict regulatory pressures, we might see more novel use cases emerge. 

AI model differentiation

Moving into 2024 and beyond, companies will not only work to decipher how they will use large language models (LLMs) and gen AI, but also determine what kind of model they need and how they roll it out.

Key considerations will include whether to choose a large or small model and whether it is better to build internally or buy a pre-existing model that can be fine-tuned. Some companies will stick with large models while others might find that investing in smaller models is a better ROI. Some companies will find they do need the LLMs trained on billions of parameters, but still fine-tune those models internally to ensure they are getting the most out of that significant investment. 

These factors would all depend on the specific use cases that organisations have in mind. For example, an online retailer that wants to build a chatbot for their e-commerce site might employ a small model but then train it with huge amounts of data, ensuring high performance and the ability of the model to answer questions with relevant product information. In this instance, choosing a smaller model would be more effective in terms of both cost and results compared to a large model which is trained on general public data. 

Regardless of what models organisations choose, agility should be a key consideration. Given how fast the space is evolving, the overall architecture in place should allow for businesses to experiment quickly and swap out specific models easily if need be. 

No code/low code uptake acceleration

Gen AI presents the opportunity to democratise access to AI processes and enable all teams — tech or non-tech — to reap the benefits of data-driven insights within their organisations. Gen AI-enabled tools will help low-code-turned-no-code, the move to reduce or eliminate the need for traditional developers who write code, live up to its full potential and will increasingly remove barriers to data access.

One important trend we will witness is the ability of employees to interact with these AI tools in natural language. Simply put, users will be able to type in their desired outcome in plain English, eliminating the need for knowledge of coding languages such as SQL or Python, radically democratising access to data and AI. 

A rising focus on AI regulation and governance standards

As AI technologies evolve and become more ubiquitous, national and international regulators will adopt a more stringent way of assessing how the technology is used and its societal impact. We already saw this play out in the second half of 2023 with developments such as the European Union moving towards implementing an AI regulatory regime. In 2024, we can expect regulatory debates to intensify and more guardrails to be implemented. 

For business decision-makers, this will mean greater governance pressures to consider when deploying AI. And while governance standards will continue to evolve, effective AI governance can broadly be marked by accountability, standardisation, adherence to regulations, quality assurance, and transparency. These elements are crucial for optimising the value of AI in a secure and ethical manner, while also mitigating potential regulatory, legal, and reputational challenges. 

To ensure that AI potential is maximised while deployment risks are abated, businesses must ensure that they streamline their data and AI governance. By relying on a unified data platform, an organisation can avoid the complexities and risks that come with working with disparate platforms. For example, data intelligence platforms built on top of the lakehouse architecture, which combines data warehouses and data lakes to simplify data storage and usage, allow for enhanced governance and privacy as they are capable of automatically detecting, classifying, and preventing misuse of data while simplifying management through natural language processing.

These trends emphasise a growing focus on solving specific business problems, leveraging early experimentation advantages, and democratising AI processes. In essence, they serve as critical compass points, directing businesses towards a future where innovation, efficiency, and accessibility define the strategic adoption of AI technologies.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/technology/4-key-trends-shaping-how-smes-interact-with-generative-ai.html

Tags: businessshapingtrends
Previous Post

Addressing concerns regarding the Right to Disconnect

Next Post

Google Pixel now makes up 3% of phones shipped in North America

Restoration cannot be scaled up globally to save reefs from loss and degradation – Nature

Reviving Our Reefs: The Challenge of Scaling Up Restoration Efforts Globally

June 2, 2025
Attorney General Bonta Sues to Stop Termination, Withholding of National Science Foundation Grants – State of California – Department of Justice (.gov)

Attorney General Bonta Takes Action to Protect National Science Foundation Grants

June 2, 2025
Exclusive: US veterans agency orders scientists not to publish in journals without clearance – The Guardian

US Veterans Agency Imposes New Restrictions on Scientific Publishing

June 2, 2025
Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

June 2, 2025
Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

June 2, 2025
Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

June 2, 2025
Mark Tremonti Headlines Belmont Stakes Day Entertainment – Thoroughbred Daily News

Mark Tremonti Takes Center Stage at Belmont Stakes Day Celebration!

June 2, 2025
Black Book Research: Health Plans Double Down on AI-Powered Fraud and Claims Integrity Solutions Amid Rising Audit Pressures – Newswire :) Press Release Distribution

Health Plans Embrace AI to Combat Fraud and Enhance Claims Integrity Amid Growing Audit Challenges

June 2, 2025
Opinion | The Politics and Perils of Pornography – The New York Times

Navigating the Complex Landscape of Pornography: Politics, Perils, and Perspectives

June 2, 2025
Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

Men Charged with Illegally Exporting U.S. Military Technology to China

June 2, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (660)
  • Economy (674)
  • Entertainment (21,580)
  • General (15,257)
  • Health (9,717)
  • Lifestyle (677)
  • News (22,149)
  • People (676)
  • Politics (683)
  • Science (15,895)
  • Sports (21,179)
  • Technology (15,661)
  • World (662)

Recent News

Restoration cannot be scaled up globally to save reefs from loss and degradation – Nature

Reviving Our Reefs: The Challenge of Scaling Up Restoration Efforts Globally

June 2, 2025
Attorney General Bonta Sues to Stop Termination, Withholding of National Science Foundation Grants – State of California – Department of Justice (.gov)

Attorney General Bonta Takes Action to Protect National Science Foundation Grants

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version