Generative AI Advancements Driving Transformative Growth Opportunities
The information and communication technology (ICT) ecosystem is on the cusp of a major transformation thanks to Generative AI (GenAI), as this powerful technology opens new possibilities. Responsible use of GenAI can help companies generate new revenue streams, develop innovative solutions, and provide users and customers with personalized experiences.
Businesses are primarily looking to adopt GenAI to drive operational efficiency and improve productivity across several industry sectors, such as banking, financial services, and insurance; manufacturing; and healthcare. Frost & Sullivan has observed that adoption is high for repetitive, low-value tasks as well as to enhance efficiency and boost customer experiences, such as customer service and support, IT processes, and sales and marketing.
However, this wave of possibilities comes with challenges. Ethical considerations surrounding biases in AI algorithms and potential misuse of AI-generated content necessitate the development of ethical frameworks. Additionally, concerns around job displacement and lack of explainability for model outputs may represent obstacles to GenAI adoption.
Table of Contents
Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Generative AI Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Opportunity Analysis
The Evolution of AI Technologies
GenAI: A Key Disruptive Technology for Enterprises
Enterprises Favor Customized and In-house GenAI Solutions
The GenAI Disruption
Growth Drivers
Growth Restraints
The GenAI Ecosystem
The GenAI Ecosystem: Key Stakeholders
The GenAI Ecosystem: System Integrators
The GenAI Ecosystem: Service Providers
The GenAI Ecosystem: Foundational Model/LLM Providers
The GenAI Ecosystem: Data and Implementation Platforms
The GenAI Ecosystem: Hardware Providers
GenAI Trends
Trends Shaping the GenAI Landscape
SLMs Pave the Way for GenAI Democratization
LLM Parallelization Gains Ground
Integration with Enterprise Applications Evolves Quickly
Proactive Trust and Safety Safeguards are Now Necessary
Regulations Shape the AI Ecosystem
GenAI Use Cases by Industry Vertical
Companies to Action
Cloudera
Katonic AI
Adobe
ActiveFence
Databricks
Dataiku
Popular GenAI Models: A Comparison
Growth Opportunity Universe
Growth Opportunity 1: Generative AI Implementation Services