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The Generative Enterprise #1
Agents, GenAI enterprise momentum, model evolution
Welcome to the first issue of the Generative Enterprise. In today’s issue, we’ll cover the rise of agents, share some insights from Deloitte & McKinsey on GenAI l traction in the enterprise, and cover some specific Microsoft Copilot ecosystem news, followed by some news about the always evolving model landscape. We hope you enjoy it. (If this was forwarded to you, you can always sign up directly here.)
2024: The year of AI agents?
See what CB insights reported on how AI agents are transforming enterprise workflows across industries.
Register for this webinar recording that’s less than 15 minutes from CB Insights on how AI agents are tackling enterprise workflows across industries and the key trends to watch.
New McKinsey Report: “Why agents are the next frontier of generative AI.”
Our POV: Teams should start exploring agent-based technologies as soon as possible to begin building capabilities and competence with the emerging tools.
Generative AI momentum in the enterprise
Deloitte:
McKinsey:
McKinsey’s July 2024 Technology Trends Report has been released.
Article: “Generative AI in healthcare: Adoption trends and what’s next.”
Back in May, McKinsey dropped this survey on how Generative AI adoption is spiking and starting to generate value.
Microsoft:
Read about how Microsoft’s “AI Transformation” initiatives have impacted various industries over the past year.
Our POV: We are witnessing enterprises across the spectrum, some racing ahead and seeing real gains, while others stumble through trying off-the-shelf solutions but not investing in enablement and training. We also see others that are so nervous, they can’t even get started. Significant wins are possible, but it requires commitment, investment, a sound strategy, and good tactical implementation (including training!)
Microsoft updates
Microsoft introduced Spreadsheet LLM, an AI model that combines large language models with structured spreadsheet data to provide analysis and insights, automating routine tasks.
One of the most used prompts in Copilot is “Summarize this document”. To improve this, Copilot in Word can now summarize 80,000-word docs (4x more than before.)
Models galore
OpenAI released GPT-4o mini, a cost-effective, high-performance model for math, coding, and multimodal tasks.
CB Insights reports that enterprises are adopting more cost-effective small models for various tasks in industries like healthcare and finance.
Meta is committed to open-source AI, highlighted by the release of Llama 3.1 405B their newest AI model.