g-f(2)1851 Decoding Generative AI: Its Impact on Business Explained

 

genioux Fact post by Fernando Machuca and Bing Chatbot

Introduction: 

The webinar “Generative AI Demystified: What It Really Means for Business” is a comprehensive session that explores the concept of Generative AI, its implications, and its potential applications in the business world.

genioux GK Nugget: 

"Generative AI, a transformative technology, has the potential to revolutionize business operations by automating creativity and generating novel solutions." — Fernando Machuca and Bing Chatbot

genioux Foundational Fact: 

Generative AI is a subset of artificial intelligence that leverages machine learning techniques to generate data models. These models can produce unique and creative outputs, such as text, images, or music, based on the data they’ve been trained on. The webinar, led by George Westerman, a senior MIT Sloan School of Management lecturer, demystifies this technology and explores its practical applications in business.

10 Relevant genioux Facts:

1. Generative AI is a powerful tool that can generate creative outputs.
2. It can be used in various business applications, including content creation, design, and problem-solving.
3. The technology is still evolving, with ongoing research to improve its capabilities and efficiency.
4. Understanding Generative AI requires a grasp of machine learning techniques and principles.
5. The webinar is part of a series to unravel myths and find opportunities in Generative AI.
6. George Westerman, a senior MIT Sloan School of Management lecturer, leads the webinar.
7. The session provides examples of when, where, and how to use Generative AI in business.
8. It also discusses the risks and limits of Generative AI.
9. The webinar compares Generative AI with other AI/ML methods, highlighting its unique advantages.
10. The session is sponsored by Skillsoft, a global leader in corporate learning.

Conclusion: 

The webinar “Generative AI Demystified: What It Really Means for Business” provides valuable insights into the world of Generative AI. It demystifies the technology and highlights its potential in transforming business operations. As we continue to explore and understand this technology, it’s clear that Generative AI will play a significant role in shaping the future of business.

REFERENCE

The GK Webinar

George Westerman, Sam Ransbotham, and Abbie Lundberg, Generative AI Demystified: What It Really Means for Business, MIT Sloan Management Review, January 07, 2024.

George Westerman 

George Westerman is a Senior Lecturer at the MIT Sloan School of Management and a pioneering researcher in the field of digital transformation³. He is the founder of the Global Opportunity Initiative³ and has made significant contributions to the fields of executive leadership and technology strategy³.

Westerman is the co-author of the award-winning book "Leading Digital: Turning Technology Into Business Transformation"⁴. The book, co-authored with Didier Bonnet and Andrew McAfee, highlights how large companies in traditional industries are using digital technology to gain strategic advantage². It is based on a study of more than four hundred global firms and provides insights into what it takes to become a Digital Master².

In his work, Westerman emphasizes that success in digital transformation is as much about what you don’t do as what you do². He believes that in the context of so many opportunities to digitize your business, it’s easy to become distracted by the latest shiny object. But when it comes to making real strategic commitments, investing real dollars, and involving real people, only a focused approach to digital transformation delivers real business value².

In addition to his academic work, Westerman also contributes to the business community. He is the founder of the Global Opportunity Forum in MIT’s Office of Open Learning⁵. His work focuses on the ways in which business leaders are transforming their organizations⁵.

In summary, George Westerman is a respected figure in the field of digital transformation, providing valuable insights and guidance to both the academic and business communities. His work continues to shape our understanding of the digital landscape and its impact on business operations.

Source: Conversation with Bing, 1/14/2024

(1) George F Westerman | MIT Sloan. https://mitsloan.mit.edu/faculty/directory/george-f-westerman.

(2) Leading Digital: Turning Technology Into Business Transformation. https://mitpressbookstore.mit.edu/book/9781625272478.

(3) Book Summary - Leading Digital: Turning Technology into Business .... https://lanredahunsi.com/leading-digital-by-george-westerman/.

(4) The Transformer CLO - Harvard Business Review. https://hbr.org/2020/01/the-transformer-clo.

(5) An Executive Summary: Leading Digital by George Westerman, Didier .... https://www.thedigitaltransformationpeople.com/channels/the-case-for-digital-transformation/leading-digital-a-summary/.

(6) undefined. https://bing.com/search?q=.

Sam Ransbotham

Sam Ransbotham is a Professor of Analytics at the Carroll School of Management at Boston College¹². He earned a bachelor’s degree in chemical engineering, an MBA, and a PhD, all from the Georgia Institute of Technology¹². He teaches courses on "Machine Learning and Artificial Intelligence" and "Analytics in Practice" at Boston College¹².

Ransbotham has served as a Senior Editor at Information Systems Research, an Associate Editor at Management Science, and an Academic Contributing Editor at the MIT Sloan Management Review¹². He co-hosts the “Me, Myself, and AI” podcast, available on all major platforms¹³. During 2022-2023, he is a visiting scholar at Harvard Business School¹.

His research interests include IT security, artificial intelligence, and the strategic use of IT². He has been recognized with several awards for his analytics-based research in security, including an NSF CAREER Award from the National Science Foundation and an INFORMS ISS Sandy Slaughter Early Career Award from INFORMS².

Before earning his doctorate, Ransbotham was the founder and principal of a software company with a globally diverse client list². His work continues to shape our understanding of the role of analytics and AI in business and society.

Source: Conversation with Bing, 1/14/2024

(1) Sam Ransbotham. https://www.samransbotham.com/.

(2) Sam Ransbotham - Carroll School of Management - Boston College. https://www.bc.edu/bc-web/schools/carroll-school/faculty-research/faculty-directory/sam-ransbotham.html.

(3) Sam Ransbotham, Guest Editor - MIT Sloan Management Review. https://sloanreview.mit.edu/sam-ransbotham/.

Abbie Lundberg

Abbie Lundberg is the Editor in Chief at MIT Sloan Management Review¹. She is a content strategist, writer, and professional speaker with over 30 years of experience reporting and commenting on tech-enabled business strategy, leadership, transformation, and change¹.

Before joining MIT SMR, Lundberg ran Lundberg Media, which she founded in 2009¹. During that time, she produced numerous influential papers on tech-enabled business strategy and transformation and led hundreds of executive roundtables, webinars, and events in both the U.S. and abroad¹. Prior to that, she served as editor in chief at CIO, leading the publication through a 13-year period of tremendous growth and change¹.

In addition to her editorial work, Lundberg is a sought-after keynote presenter and panel moderator for executive conferences, roundtables, and events⁴. Her work focuses on the ways in which business leaders are transforming their organizations³.

In summary, Abbie Lundberg is a respected figure in the field of tech-enabled business strategy, providing valuable insights and guidance to both the academic and business communities. Her work continues to shape our understanding of the digital landscape and its impact on business operations.

Source: Conversation with Bing, 1/14/2024

(1) Abbie Lundberg - MIT Sloan Management Review. https://sloanreview.mit.edu/abbie-lundberg/.

(2) Home page | Lundberg Media. http://www.lundbergmedia.com/.

(3) The Transformer CLO - Harvard Business Review. https://hbr.org/2020/01/the-transformer-clo.

(4) About | Lundberg Media. http://lundbergmedia.com/about.

(5) undefined. https://sloanreview.mit.edu/wp-content/uploads/2021/09/Abbie-Lundberg.

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Categorization

This genioux Fact post is classified as Breaking Knowledge which means: Insights for comprehending the forces molding our world and making sense of news and trends.

Type: Breaking Knowledge, Free Speech

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References

“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)1851, Fernando Machuca and Bing Chatbot, January 14, 2024, Genioux.com Corporation.

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