Tag: IT services

Navigating a Changing Landscape in Digital Transformation Consulting through Europe and North America | Blog

In today’s evolving business landscape, digital transformation has become a pivotal force driving enterprise adaptability and growth. Both Europe and North America are at the forefront of this shift, navigating a complex environment characterized by macroeconomic uncertainties, geopolitical volatilities, technological advancements and a change in customer interest and purchasing behavior.

As these regions face ongoing economic challenges, including recession fears and persistent inflation, businesses are now approaching further investments with caution. However, after facing a continuous decline in demand, digital transformation in consulting services is experiencing a bounce back in recent quarters, as new opportunities are being explored by service providers.

Amid these dynamics, generative AI (gen AI) has emerged as a disruptive force, fundamentally altering how organizations approach digital transformation, making it a critical component for formulating strategies to drive innovation and value realization for enterprises across both regions

This blog explores the evolving landscape of digital transformation consulting in Europe and North America by analyzing the key trends driving this sector.

Reach out to discuss this topic in depth.

Measuring the Digital Transformation Consulting Maturity Continuum

(Scale: Very High, High, Medium, and Low)

The digital transformation consulting landscape in Europe and North America diverges significantly. Europe emphasizes regulatory compliance, sustainability, and operational efficiency, with investments in building the necessary digital infrastructure, cloud, and gen AI driven by data protection laws like General Data Protection Regulation (GDPR).

Geopolitical tensions also contribute to a conservative pace of transformation. In contrast, North America, being the early adopters of digital transformation, has a comparatively robust infrastructure with focus on scalability in already existing infrastructure. It prioritizes innovation, agility, and a competitive advantage, with higher investments in artificial intelligence (AI), machine learning, and customer experience technologies. Generative AI plays a significant role in both regions but focuses on compliance in Europe and innovation in North America.

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Global Digital Transformation trends shaping the Enterprise landscape

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Conclusion

Amid economic instability, enterprises are placing a greater emphasis on cost effectiveness and resilience. They are adapting digital transformation offerings that focus on measurable business outcomes and meet the ever-changing markets.

Service providers must leverage their existing ecosystem of innovation hubs, products, and platforms to enhance its Digital Transformation offerings specific to different industries.

Keeping in mind the human aspect of digital transformation, talent transformation and training on generative AI technology stacks such as hyperscalers, niche product vendors and open-source frameworks plays an equally vital role. Given the above trends, opportunities for digital consulting are on the rise and service providers must now prepare themselves to bring these services to their customers.

If you found this blog interesting, check out our blog focusing on Mid-Market Enterprises: The New Frontier for Digital Transformation Services | Blog – Everest Group, which delves deeper into another topic worked on by our Engineering and Information Tech service line.

If you have any questions, would like to gain expertise in Digital Transformation Consulting, or would like to reach out to discuss these topics in more depth, contact Swagata Sarkar ([email protected]) and Parul Trivedi ([email protected])

Harnessing Digital Workplace Investments for 2025 | Webinar

ON-DEMAND Webinar

Harnessing Digital Workplace Investments for 2025

For many enterprises, the previously cautious investment environment of 2024, caused by economic pressures, recessionary sentiments, and geopolitical uncertainties, is now shifting towards a more aggressive and strategic focus for 2025. Digital workplace transformation initiatives, spearheaded by innovations such as generative AI, Copilots, and the metaverse, are poised for a rapid uptake by service buyers. The ongoing demonstrations of these technologies’ industry-specific advantages, clearer proof of ROI, improved regulations and compliance, and successful scalability and integration, as well as the deployment of pent-up investment funds, are the key drivers for this change.

Bolstered by industry expertise and deep analyst insights, this thorough webinar hosted by Yugal Joshi, Partner, Prabhneet Kaur, Senior Analyst, and Udit Singh, Vice President, deep-dived into how this focus shift will drive substantial investments in the digital workplace. Covering key themes, such as generative AI, Copilots, employee experience, and the metaverse, our Everest Group experts outlined the strategies needed to capitalize on this new momentum.

Viewers gained actionable insights for upcoming investment opportunities, learning how to navigate challenges and increase competitiveness using the latest Everest Group research. Digital workplace service buyers and providers gained useful knowledge on how to craft effective digital workplace investment strategies for 2025.

What questions did the webinar answer for the participants?

  • What factors will drive investments in digital workplace transformations in 2025?
  • What should the enterprise strategy be for deriving maximum benefit from Copilots?
  • How can organizations effectively enable employees in adopting generative AI and its use cases?
  • How can you maintain a holistic employee experience amid ongoing disruptions?

Who should attend?

  • CIOs
  • CTOs
  • Digital Workplace Heads
  • Heads of Outsourcing
  • Procurement Heads
  • Senior marketing executives
  • Analyst Relations heads
  • Senior sales executives
  • IT Infrastructure Heads
Joshi Yugal 1
Partner
Kaur Prabhneet
Senior Analyst
Singh Udit
Vice President

The Evolution of Next-gen Customer Engagement Platforms | LinkedIn Live

LINKEDIN LIVE

The Evolution of Next-gen Customer Engagement Platforms

Watch this event on LinkedIn which was delivered on Thursday, September 26, 2024 

In this collaborative LinkedIn Live session, our experts discussed the shifts occurring within life sciences enterprises as they navigate the evolving CRM ecosystem. 🔬

The Veeva-Salesforce split presents a unique opportunity to transition from traditional CRM systems to next-gen customer engagement platforms, revolutionizing the entire commercial technology stack. 🚀

Watch this LinkedIn Live session and engage with us as we explore leading-edge technologies and their evolving capabilities, shedding light on the massive opportunities for technology and service providers.

Drawing from three comprehensive assessments, we’ll focus on the advancements in next-gen platforms poised to deliver personalized customer experiences.

During this collaborative LinkedIn Live session, we discussed:

✅ What are the high-priority modules across CRM/CX platforms that enterprises are interested in? 🎯
✅ Which functions within the life sciences commercial segment are more mature vs. others in terms of next-gen technology adoption? 💡
✅ What is the market sentiment around the Veeva-Salesforce split? 🔍
✅ What are some of the emerging segments within this ecosystem?

Ambati Durga
Practice Director
Everest Group
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Practice Director
Everest Group
Satija Chunky 1
Vice President
Everest Group
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Unleashing the Power of Advanced AI Engines: Transforming Business Operations for the Future | Blog

The digital age has transformed the way businesses operate, raising the bar for efficiency and innovation. They are now expected to be more agile and responsive than ever. As a result, integrating Artificial Intelligence (AI) in business operations has become a necessity for businesses aiming to stay competitive in the market.

Advanced AI engines are reshaping both front and back-office processes for enterprises by driving efficiency, accuracy, and scalability at new levels. In this blog, we explore how these cutting-edge AI engines are transforming business operations.

Reach out to discuss this topic in depth.

Unleashing the potential: how advanced AI is reshaping business operations

From rigid rules to cognitive flexibility

Use of AI for business operations has evolved beyond early AI systems that were limited by predefined algorithms and effective only for basic tasks, often failing when faced with complex queries. Advanced AI engines are at the core of the next generation of business operations. AI systems today are designed to learn, adapt, and improve over time, ushering in a new era of cognitive flexibility that elevates customer interactions across every touchpoint.

These AI engines are becoming integral to business operations, automating mundane tasks, providing deep insightsand unifying disparate operational silos. They help identify inefficiencies and drive end-to-end automation, enabling organizations to operate with greater efficiency and agility in an ever-evolving market

Foundations of advanced AI engines

Three pillars form the foundation of advanced AI engines:

Picture1 1

Generative AI (gen AI), built on the robust foundations of advanced AI engines, is revolutionizing business operations by automating complex tasks, enhancing decision-making, and enabling hyper-personalization. AI-driven tools are helping streamline workflows, optimize supply chains, and improve data analysis, leading to greater efficiency and cost savings.

These solutions also elevate customer experiences through personalized interactions, advanced self-service options, and consistent, context-aware engagement across all touchpoints. By bridging the gap between front office and back-office, AI solutions also enable quicker, more seamless, and richer experience for the customers. By adopting gen AI, enterprises can gain a competitive edge by streamlining customer service processes, anticipating customer needs, and delivering tailored experiences that drive customer acquisition, loyalty, and retention.

Human-AI collaboration: enhancing, not replacing

Contrary to dystopian predictions, AI isn’t here to replace human agents—it’s here to supercharge them. This collaboration between AI and humans enhances overall efficiency and customer satisfaction with AI efficiently managing lower complexity and repetitive queries, freeing up human agents to focus on intricate problem-solving that requires empathy and nuanced understanding, while leveraging insights from AI engines for a better experience.

This synergy between AI and human workers not only enhances operational efficiency but also drives innovation, allowing businesses to stay competitive in an increasingly digital world.

Front office evolution: delivering smarter, faster customer engagement

Front office operations, the heart of customer interaction, have traditionally been resource-intensive, often requiring significant human input. Advanced AI engines are now revolutionizing these operations, creating smarter, faster, and more personalized customer experiences:

  • Smarter customer interactions: AI engines empower front office teams with real-time data and actionable insights, enabling them to engage with customers more effectively. This allows for enhanced customer satisfaction and loyalty as interactions become more personalized, context-aware, and relevant
  • Automation at scale: Integration of AI systems enable seamless automation of tasks such as scheduling, responding to queries, and follow-ups, now freeing up human agents to tackle more complex issues. AI-driven chatbots efficiently manage a high volume of inquiries, ensuring customers receive quick, accurate responses while enhancing the overall experience
  • Proactive customer engagement: With predictive analytics, advanced AI engines can anticipate customer needs and behaviors, allowing businesses to engage proactively. Whether it’s offering personalized recommendations, addressing potential issues before they escalate, or optimizing marketing efforts, AI helps businesses boost customer lifetime value and drive revenue growth

Back-office revolution: streamlining operations for maximum efficiency

Advanced AI engines are also revolutionizing back-office operations streamlining critical processes, driving operational excellence, and enabling businesses to focus on strategic growth:

  • Automation and efficiency: AI is automating repetitive and routine tasks including data entry, invoice processing, and inventory management. Gen AI technologies are expected to deliver significant benefits across business operations. When successfully implemented, they could lead to 15-25% cost savings across operations within 18-36 months. Additionally, agent training time is projected to decrease by 20-30%, as these technologies continuously learn from past interactions, providing agents with targeted training tailored to specific areas for development. The result is a leaner, more efficient operation that can adapt quickly to changing demands
  • Intelligent decision-making: Advanced AI engines analyze vast amounts of data in real-time, providing insights that inform better decision-making. In finance, AI forecasts cash flow, detects fraud, and optimizes investments. In HR, AI streamlines talent acquisition by matching candidates with roles that best fit their skills. This data-driven approach enables businesses to make quick, informed decisions, gaining a competitive edge
  • Optimized supply chain: AI is revolutionizing supply chain management by enhancing demand forecasting, inventory control, and logistics planning. By analyzing historical data and market trends, AI ensures optimal inventory levels and efficient logistics, reducing costs and improving delivery times

The AI-driven future: innovation, efficiency, and growth

As businesses increasingly adopt advanced AI engines, their transformative impact on both front and back-office operations is set to accelerate. These tools are doing more than just automating routine tasks—they’re unlocking new business models and driving innovation. Integrating AI into operations is allowing enterprises to unlock unprecedented efficiency, creativity, and growth.

By enhancing customer engagement and streamlining processes, AI empowers businesses to operate smarter, faster, and leaner. The real question isn’t whether to adopt AI—it’s how quickly businesses can harness its potential to lead the future.

If you found this blog interesting, check out our recent blog focusing on Revolutionizing Customer Journeys: Creating a Unified Customer Experience through AI).

If you have questions or want to discuss these topics in more depth, please contact Jagrit Kasera or Sharang Sharma.

Mars’ Acquisition of Kellanova Sparks Significant Opportunities for IT Service Providers | Blog

Mars’ acquisition of Kellanova could be the biggest acquisition announcement in the retail and consumer packaged goods (CPG) industry in 2024. With a price tag of US$83.50 per share, Mars has paid a substantial sum of US$35.9 billion for one of the largest snacking companies, which generated US$13 billion in revenue just last year. This acquisition positions Mars as a major player in the snacking category in the US, ranking just behind PepsiCo, which owns Frito-Lay. Read on to learn how this affects the CPG market and its IT service providers.

Contact us to discuss the topic further.

Back in October of 2023, Kellogg Company finalized the spin-off of their snacking business as Kellanova, and less than a year later, Kellanova may have found a new home with Mars, an acquisition that will be made at a 33% premium to Kellanova’s unaffected 52-week high as of August 2, 2024.

But how does this acquisition affect the CPG landscape and its IT service sector?

  1. CPG companies are looking to diversify their portfolios

Post-pandemic, the trend of individual snacking has been increasing, with US consumers increasingly substituting traditional meals with various snack options. Hershey’s acquisition of Dot’s Homestyle Pretzels, Mondelēz’s acquisition of Chipita, and Nestlé’s acquisition of The Bountiful Company all reflect CPG companies’ efforts to broaden their range of snacking options for customers.

Mars’ acquisition of Kellanova is another example of this trend. As one of the leaders in the sweet snacking category, Mars now enhances its portfolio with savory snack options by adding billion-dollar brands such as Pringles and Cheez-It.

  1. Investments in data and Artificial Intelligence (AI)/Machine Learning (ML) will rise along with new sustainability initiatives

Kellanova has listed data, AI, and machine learning as some of their top tech priorities for 2024, which aligns closely with Mars’ tech focus. Recently, Mars, particularly through its Snickers brand, announced a partnership with José Mourinho to pioneer a fully authorized AI clone for unique fan engagement.

Mars has traditionally embraced technology solutions to enhance sustainability in sourcing and manufacturing for their brands. The acquisition of Kellanova opens additional opportunities for Mars to advance its sustainability practices further.

  1. Mars will require substantial consulting and system integration support

Every merger and acquisition is accompanied by substantial investment in post-merger integration and consulting services. A detailed approach is required to integrate the IT infrastructure of the two companies, consolidate technology vendors, and eliminate redundant applications and platforms. The extent to which this integration is needed in the case of Mars-Kellanova is yet to unfold.

Additionally, this presents an opportunity to modernize legacy systems, adopt new IT practices, and implement cutting-edge technologies that enhance operational efficiency and drive innovation.

Kellogg Company has long relied upon a diverse array of technology partners, including SAP, Microsoft, AWS, and Oracle, to support its enterprise applications, data management, and web services. In contrast, Mars has integrated SAP, Microsoft, Salesforce, and E2Open into its technology stack. Although a complete IT infrastructure overhaul for Kellanova is improbable, we can anticipate emerging opportunities for innovative service solutions, particularly in system integration and migration.

Conversely, Mars and Kellanova might choose to maintain their separate IT infrastructures, potentially adopting a tiered IT structure with strategic data bridges to facilitate enterprise-level consolidation and collaboration.

From a long-term perspective, Mars must focus on identifying the right partners to develop a comprehensive modernization roadmap, adapt their operational models, and refine delivery strategies and sourcing decisions. Investing in the appropriate technologies and tools essential for fostering growth and ensuring operational continuity will be crucial.

  1. Service provider portfolios will likely reshuffle

Before the spin-off, Kellogg Company, the parent company of Kellanova’s brands, relied on IT service providers such as Wipro, LTIMindtree, and Capgemini while Mars has worked with service providers such as Accenture, TCS, and Cognizant.
The acquisition could potentially result in lost revenue for Kellanova’s current providers due to provider consolidation and the elimination of redundancies. However, providers offering unique intellectual property or specialized technology might have opportunities to increase their revenue by serving a larger enterprise.

Another plausible scenario, as stated above, is that Mars and Kellanova may opt to retain their distinct IT infrastructures and continue with their current service providers. This approach would mitigate the risk of major disruptions to existing systems and practices. However, it could come at the expense of potential synergies, both in terms of service vendor costs and collaborative opportunities. Maintaining separate IT infrastructures may also pose challenges for implementing enterprise-wide IT initiatives.

Ultimately, Kellanova’s IT infrastructure decisions will depend on whether it fully integrates within Mars or is kept as a separate entity. This choice will shape how its IT systems are managed, so it’s important to watch how Mars plans to position Kellanova.

What lies ahead for Mars post-Kellanova acquisition

The deal is expected to be finalized by the first half of 2025, at which point Mars will acquire all of Kellanova’s brands, assets, and operations. This includes its snacking brands, international cereal and noodle portfolio, North American plant-based foods, and frozen breakfast items.

According to a December 2023 article by Forbes, Andrew Clarke, Mars’ Global President of Snacking, stated that Mars aims to double its snacking division’s annual revenue from US$18 billion to US$36 billion over the next decade. The addition of a US$13 billion revenue brand to their snacking portfolio represents a significant step toward achieving this goal. With the right partners supporting its IT and operations, Mars is well-positioned not only to meet but potentially exceed this target.

In conclusion, this acquisition announcement presents numerous opportunities for IT service providers. These include, but are not limited to, system integration, data migration, change management, compliance and regulatory services, revenue growth management, and sustainability initiatives.

We are closely monitoring market and regulatory changes. To discuss the Mars acquisition of Kellanova and its impact on the CPG sector and IT services landscape, please reach out to [email protected], [email protected], and [email protected]

Learn more about Everest Group’s Engage Conference. The event will tackle forward-looking topics such as the impact of generative AI on businesses worldwide, future trends in location and talent, and cost optimization.

IT and BPO Outsourcing: Commercial Trend Evolution | Webinar

ON-DEMAND WEBINAR

IT and BPO Outsourcing: Commercial Trend Evolution

For the IT and BPO outsourcing industry, the past eight quarters have seen declining growth rates, with business resilience tested, providers challenged, and buyer expectations evolving during this period of significant change.

However, there may be room for hope, with the market poised to see a reversal in this trend. In this webinar, our pricing experts revealed key commercial trends they have witnessed throughout outsourcing deals made in H1 2024. Discussing specifically the trends in the pricing of software and cloud platforms, our expert panel outlined the potential implications of this year’s trends for buyers.

Attendees came away with an essential understanding of where buyers can optimize their spend and where portfolios may be losing value, as well as potential solutions providers can offer in light of current trends.

What questions did the webinar answer for the participants?

  • How has the demand for outsourcing services evolved in 2024?
  • What are the top learnings and open questions around pricing model changes, generative AI, SaaS pricing, and their impact on commercials in IT and BPO deals
  • What is the future outlook for pricing?

Who should attend?

  • CIOs
  • CTOs
  • CDOs
  • IT strategy leaders and executives
  • BPO department leaders
  • GBS leaders managing IT and BPO outsourcing contracts
  • Pricing leaders
  • Solutioning leaders
  • Pre-sales leaders
  • Large pursuits leaders
Biswas Abhishek
Practice Director
Gehani Rahul
Partner
Maheshwari Udit
Practice Director
Ujjain Shitika
Practice Director

What Recent Generative AI Updates and Announcements Signal for Some Industries | Blog

Generative AI is rapidly transforming industries as it evolves. Read on to learn how generative AI developments are impacting functions, including personalized learning, content creation, and web search, and surfacing the need for responsible AI practices. Reach out to us to discuss this topic.

Generative AI is fast transforming various aspects of the technology landscape. Major updates and launches announced in the OpenAI Spring Update, Google I/O, and Microsoft Build event this year, show how rapidly this technology is evolving. At present, the artificial intelligence (AI) market is marked by technology companies looking to rapidly develop IP and shape eco-systems and standards and by providers and enterprises looking to evolve their business models to absorb generative AI.

Generative AI’s current functionalities and its rapidly evolving capabilities offer much in terms of potential benefits but also come with their fair share of uncertainties. Figure 1 gives an overview of the areas of generative AI impact that we will dive into.

Slide2 2

Hyper personalized learning may be upon us

Generative AI promises to personalize learning and make it interactive. It can empower teachers through AI assistants to offer more engaging and accessible learning. Examples of such context-aware AI innovations include OpenAI’s GPT-4o, Google’s LearnLM, and Microsoft’s Khanmigo. GPT-4o offers personalized and adaptive learning, identifying students’ strengths and weaknesses and providing solutions in their preferred learning styles, with multilingual support.

Recent generative AI updates have highlighted advancements in educational tools and platforms, showcasing new features and functionalities designed to enhance personalized learning experiences. Going forward, educators will likely be able to use generative AI tools to customize learning plans for students and understand their learning challenges through data and insights. Perhaps what is even more remarkable is the self-learning potential that generative AI offers. In a world where educators are largely overwhelmed, generative AI may be the force multiplier the education industry has been crying out for.

Generative AI-enabled learning tracks can help organizations thread the needle between scaling L&D initiatives and contextualizing them to different stakeholder needs. Generative AI may have the potential to not only provide 1-1 tutoring on emerging skillsets across a variety of languages but may also be leveraged to ideate and design the curriculum. At a time when the half-life of talent is becoming shorter, generative AI may be the answer to ensuring organizational L&D stays relevant and nimble.

Content creation may soon become commoditized

While generative AI has a wide-ranging impact across the media and entertainment value chain, content generation is where the impact is most acutely felt (see figure 2).Slide3 1

One of generative AI’s most striking use cases has been the creation of hyper-realistic content that seems indistinguishable from artist or studio creations. Recent generative AI updates and advances like GPT-4o have made content generation easier. These technologies can recognize tone, multiple speakers, background noises and produce outputs with embedded emotion such as laughter and songs. Innovations like OpenAI’s Sora or Google’s Veo empower creators and professionals to generate high-quality videos across different cinematic and visual styles without requiring extensive filmmaking expertise.

Advances in content generation have sparked fears about the ongoing relevance and demand for creative roles. Stories like that of Hollywood filmmaker Tyler Perry putting the brakes on a planned US$800 million expansion of his Atlanta studio upon seeing Open AI Sora’s video generation capabilities do little to allay such concerns. While current concerns about AI taking over creative work are understandable, it is more likely that going forward, we will simply see creatives engaged in higher-order work while AI solves for more time-consuming tasks. Content may become more synthetic, i.e., generated as opposed to filmed, produced faster, and more personalized. We may even start tiptoeing towards real-time content generation.

Hyper-realistic generated content also opens the door for deepfakes. False images, videos, and sound clips mimicking public figures or enterprises can lead to public unrest and material damage. With multiple elections being held around the world this year, deepfakes can have a meaningful impact on political discourse. This has understandably led to increased government scrutiny toward generative AI companies. Beyond politics, deepfakes are increasingly being used to commit fraud. Related to this, an employee at a multi-national organization was duped into paying out millions of dollars to those the employee believed to be key stakeholders at the company.

Generated content also poses some interesting intellectual property (IP) questions. Who has rights to the IP of generated content? Is it the person who prompted the output? Is it the technology company whose algorithms are being used to generate the content? Do the individuals or organizations whose data was used to train the algorithm also have some stake in what the model produces? Apart from adherence to IP laws, those using generative AI to create content will also have to be mindful of possible algorithmic biases manifesting in the generated content. Increasing efforts around responsible AI and transparency are needed to ensure biases in training data don’t get reinforced through the usage of generated content to train/tune other models.

Web search is changing

Generative AI is expected to have a massive impact on how web search takes place, and by extension, how online advertising plays out. Consequently, digital advertising, particularly SEO and SEM, are key areas being disrupted by generative AI (see figure 3).

Slide4 2

The move from coursing through books at the library to typing out keywords in a search bar was one of the biggest shifts in how people looked for information. Similarly, the impending transition from typing out keywords to simply asking in natural language promises to be the next big shift.

Generative AI updates have introduced new features in search engines and voice assistants, transforming how users interact with these tools. Advertisers increasingly express concerns about bot traffic eating away at their ad dollars. How would they feel about bots being the norm? Imagine if search fundamentally shifts to an audio-visual interface, with those searching for information rarely scanning the website themselves. How might this affect existing advertising models? Here are some possibilities – advertisers may realize that the customer is no longer on the website and needs to be engaged elsewhere. This can lead to a shift in the advertising mix, with more audio ads being rolled into searched information. SERP1 ads may also become more expensive due to their proximity to the search interface. For publishers, the shift may be from using ads to monetize content to directly monetizing the content itself based on how it is consumed to answer questions. Ad exchanges may evolve to become a network for generative AI bots to find content at a given price point. While these are indeed speculations, what is clear is that we are on the brink of a fundamental shift in information search and, by extension, digital marketing. All stakeholders within advertising may have to reassess their role in the broader ecosystem – be it advertisers, publishers, or ad exchanges.

For now, the impact of generative AI on everyday information search is limited. We are starting to see the integration of generative AI tools into existing search engines. For example, Google has integrated generative AI into its search tool. Through this feature, Google can interpret complex visual questions, provide explanations, suggest next steps, and offer resources using an AI overview. Voice assistants like Siri are also getting an overhaul. Apple’s partnership with Open AI promises to provide Siri with generative AI capabilities. The search space had one undisputed king for a long time – generative AI looks to be one of those seismic events that has the potential to reshape this hierarchy.

AI needs to be responsible

Generative AI promises to have a wide-ranging impact across multiple sectors. Given the massive impact that generative AI can have, tech companies need to balance innovation with safety. Responsible AI (RAI) is fast becoming an area of focus for enterprises looking to invest in and scale generative AI. Figure 4 illustrates some key considerations that will shape emerging RAI policies.

All Gen AI Future Disruptions graphics

Enterprises will increasingly look to collaborate with service providers and technology companies that prioritize data security and have effective governance setups to ensure responsible usage of AI. Implementing ethical guardrails is essential to unlocking the full potential of generative AI and ensuring its responsible usage. As user expectations and government oversight rise alongside AI’s evolution, companies that embrace RAI will be the ones leading the charge in this exciting new era.

If you have questions about this blog or would like to discuss recent developments in the generative AI space, please reach out to Abhishek Sengupta or Oishi Mazumder.

Watch the webinar, Gen AI and the Future of Cybersecurity: Advanced Strategies for Cyber Defense, for insights into new developments, emerging applications, challenges, and opportunities presented by generative AI in cybersecurity.

Why Continuity of Talent Is Now Crucial for Tech Platform Teams

Companies that are well into their digital journey invest a lot in their platform technology stack. As I explained in a prior blog, the relationship between their technology and their business operations is becoming very codependent and intimately related. This causes a need for continuity of talent in the tech teams, which has significant implications in the relationships companies build with their third-party service providers as well as how they configure their own teams internally.

Read more in Forbes.

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