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How Artificial Intelligence (AI) and GenAI will change your business
Written by Mike Charobee on January 16, 2024
artificial intelligence use cases Changing business Monetization
Gartner recently predicted that by 2026, over 80 percent of enterprises will have used GenAI APIs and models and/or deployed GenAI-enabled applications in production environments, up from less than 5 percent in early 2023.
How are you going to monetize AI?
If you "begin with the end in mind", think about how you can monetize GenAI. This will be the key to your business and technology success. The one's who figure this out will have the golden goose, or at least until your competitors copy it, get more funded or your customers make a change.
Automation is great until it breaks!
When automation works, and works properly it can be fantastic. However, when it breaks, it can be painful...invoicing issues, accounts receivable issues, delivery issues, you name it. It's the domino effect.
Talent
What type of staff, advisory and consultants will you need to monetize AI?
It's going to come down to the talent you hire, whether that's full-time hires or contractors. Your business is going to need access specifically to Software Engineers and IT Operations Engineers. But they aren't cheap. They know there is a run on AI talent and we are already seeing AI vendors decline engagement because they don't have the capacity to handle the demand...or at least the AI experts who have proof of their AI work.
Salesforce, Intel and Booz Allen are hiring for these roles now (as of January 2024).
-Generative AI Engineer
-AI Infrastructure Engineer
-AI Architect
Business Operations Use Cases
Here's a list of business use cases that can help your business monetize GenAI:
-Process Automation
-Data Analysis
-Financial Planning Data Analysis
-Recruiting and Job Placement
-Scheduling
-Safety
-Assistants
-Chatbots
-Conversational AI
-Uptime Optimization
-Predictive Maintenance
-Customer Service Operations
-IT Operations Management
-Cyber Security Operations Management
Time to get back to work...or just let your AI Assistant handle that!
ABOUT TECH CITY ADVISORS
TECH CITY ADVISORS ™ is an IT Service Provider with specialized knowledge of IT technology. We assist clients in solving business problems through the provisioning of IT technology and services. We have commercial partnerships with over 300 technology vendors allowing us to sell technology products directly to clients on behalf of our vendor partners. Connect with us today about and let's discuss your AI Strategy and the AI Vendor Marketplace.
About TECH CITY ADVISORS
TECH CITY ADVISORS ™ is an
IT Service Provider with specialized knowledge of IT technology.
We assist clients in solving business problems through the provisioning of IT technology and services.
We have commercial partnerships with over 300 technology vendors allowing us to sell technology products directly to clients on behalf of our vendor partners.
About Author: Mike Charobee
Mike is the founder of
TECH CITY ADVISORS.
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