Published on April 2, 2024, 7:29 am

Generative AI is revolutionizing the way CIOs manage data in today’s tech-driven world. Alon Amit, VP of product, analytics, AI, and data at Intuit, highlighted the challenges of getting data to the right place at the right time during a recent panel discussion hosted by CIO Dive. As enterprises embrace generative AI, CIOs are reevaluating their data pipelines and emphasizing the importance of curated training sets.

Shawna Cartwright, business information officer at Cushman & Wakefield, emphasized the value of running proof of concepts even if they don’t go as planned. Failing fast is seen as an opportunity for learning and growth, especially in the realm of generative AI adoption. Companies like Intuit are exploring new ways to leverage unstructured data, such as using blog posts to enhance domain-specific models.

In industries like banking, generative AI is streamlining processes like contract management and audits. Michael Abbott from Accenture notes that while structured data has been leveraged extensively, generative AI is unlocking opportunities within unstructured data sets that were previously untapped. This shift towards utilizing generative AI tools presents a transformative journey for businesses over the next decade.

As organizations experiment with generative AI applications, tracking its evolution remains crucial for executives to ensure IT spending aligns with business goals. Additionally, staying abreast of technological advancements can help fill any skill gaps within IT departments. Subscribe to CIO Dive’s newsletter to stay informed on the latest industry trends and insights from experts in the field.

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