AI Is Here: With a Generational Opportunity Available to Those Who Deploy Now
AI is here. It is reshaping industries and defining the next generation of leaders. The question is no longer, ‘should I’, it’s ‘how fast can I’ leverage the power of AI to transform?
Early in 2017, SambaNova co-founders Chris Ré, Kunle Olukotun, and Rodrigo Liang began talking about the fundamental shift that AI is driving and what the next generation of computing could look like. It was clear that the legacy technology solutions which had been powering computing for the last 20-30 years were running their course and wouldn’t be able to keep up with the demands of AI. The math simply didn’t work.
Taking a big step back, they asked what would be possible if we weren’t constrained by the current approaches? What could be done with a system purpose-built for handling data – the most valuable asset an organization has?
The answer was a new full-stack hardware and software platform optimized for AI workflows that would enable customers to very quickly realize business value at production scale. For a great example of the transformative value of AI and how the platform SambaNova built can be deployed, watch Peter Csányi, Chief Digital Officer, Deputy CEO, at OTP bank share how they are using AI to drive technology leadership on a global scale and bring new solutions to market quickly.
I hear new stories every day about how advanced AI, and deep learning in particular, is creating value. The reality is that for those organizations that move swiftly to make AI a competitive advantage, the rewards are enormous. And the converse is true as well for those that move too slowly.
One of the most interesting learnings over the last year is the realization that often the AI capabilities that have been deployed and the benefits that are being realized are happening under the covers. Unlike the internet transition where a company’s progress and adoption was obvious and public – websites were created, e-commerce capabilities were added, streaming services were enabled – AI capabilities are quieter and easier for competitors to miss.
A new service is developed based on insights derived from AI capabilities that processes massive amounts of data…customer call centers use natural language processing to improve the customer experience and therefore increase customer loyalty…millions of dollars and thousands of hours are saved in oil exploration because behind the scenes the accuracy of the models are improved…a retailer gets better at evaluating customer buying behavior at different locations and is able to proactively change inventory to match customer demand… a car manufacturer is able to save money through defect detection that is continuing to grow in accuracy. These are just a few of the examples that are quietly giving innovative companies an edge.
In a world where customers and dollars are a limited pool, you can’t cede advantage and expect to thrive. $15.7 trillion dollars are at stake according to recent McKinsey estimates about how much value AI will contribute to the global economy over the next decade. The organizations, like OTP who take the lead today will reap the most benefit, while those who wait will see little, if any, return on this generational opportunity.
I’m proud to be part of the team who brought to market the most powerful, integrated AI platform and is dedicated to making a lasting impression on the industry by helping customers, no matter where they are on their journey, accelerate their AI transformation to create their leadership position.
AI is here.
To discover what AI can do for you and your organization, request an AI Assessment to learn how to derive value now.