🤖 Generative AI Lead @ AWS ☁️ (150k+) | Startup Advisor | Public Speaker | AI Outsider | Founder Thinkfluencer AI
Are your teams really unlocking the potential of GenAI? 🚀 Vs 🧨 By the end of 2024, the global LLM market is set to hit $6.5B. Companies seeing early success with GenAI are planning to double or even quintuple their investments. Yet, 𝐨𝐧𝐥𝐲 𝐚 𝐟𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐭𝐨 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧, 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐫𝐚𝐭𝐞 𝐨𝐟 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝟏𝟎%. This highlights a critical need to focus beyond mere experimentation. 🧗🏻♀️ 𝗞𝗲𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 📈 Measuring ROI remains an art, with companies often relying on NPS and customer satisfaction. 🤔Leaders are still searching for concrete metrics like revenue, savings, and efficiency gains. 𝐌𝐚𝐧𝐲 𝐨𝐟 𝐭𝐡𝐞𝐦 𝐜𝐨𝐧𝐟𝐞𝐬𝐬 𝐚𝐫𝐞 𝐭𝐚𝐤𝐢𝐧𝐠 𝐢𝐭 𝐨𝐧 𝐟𝐚𝐢𝐭𝐡 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞𝐢𝐫 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐬𝐚𝐲 𝐭𝐡𝐞𝐲’𝐫𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐛𝐞𝐭𝐭𝐞𝐫 𝐮𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐭𝐢𝐦𝐞 (see video attached 🤣) It's crucial to establish clear value metrics for GenAI to truly harness its potential. Otherwise you’ll find yourself spending dollars on fireworks but not making any competitive advantage. #GenerativeAI #AI #Innovation #BusinessGrowth #AIValue
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Digital Engineering Staff Engineer @NTT DATA | NLP | NER | Deep Learning | Gen AI | MLops | Agentic AI | MCP
1yThis is a thought-provoking post, highlighting a crucial aspect of GenAI adoption. While the market is booming and investments are soaring, it's imperative for companies to shift their focus from mere experimentation to tangible outcomes and value creation. Your analogy of spending on fireworks without gaining a competitive advantage is spot on. Many organizations are still grappling with how to measure the ROI of their GenAI initiatives effectively. Metrics like NPS and customer satisfaction are valuable but often fall short in capturing the true business impact. To unlock the full potential of GenAI, companies need to define clear value metrics that align with their strategic objectives. Metrics such as revenue growth, cost savings, and efficiency gains provide a more concrete understanding of the impact of GenAI investments. Leaders must lead the charge in establishing a culture of data-driven decision-making and accountability. By setting clear goals and measuring progress against them, organizations can ensure that their GenAI initiatives deliver meaningful outcomes and drive sustainable business growth. #GenerativeAI #AI #Innovation #BusinessGrowth #AIValue