GenAI - From Potential to Profit

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AI Deep Dive

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Want to stay ahead of the curve in the rapidly evolving field of AI? AI Deep Dive does the hard work for you. We leverage the power of AI to dissect dense research and whitepapers, delivering concise, understandable, and thought-provoking analysis. Subscribe and become an AI expert.

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GenAI - From Potential to Profit

AI Deep Dive

10 minutes 27 seconds

6 months ago

GenAI - From Potential to Profit

Boston Consulting Group's article examines the impact of generative AI (GenAI) on businesses. A survey of over 1,400 C-suite executives reveals that while most acknowledge GenAI's importance, few are effectively leveraging its potential. The article identifies key characteristics that differentiate successful "winners" from hesitant "observers." These winners are actively investing in GenAI, upskilling their workforce, managing costs, building strategic partnerships, and implementing responsible AI practices. The report suggests that companies should deploy GenAI in daily tasks, reshape functions to improve efficiency, and invent new business models to attain a lasting competitive edge.