Monday, July 8, 2024

g-f(2)2595 Scaling Gen AI: Overcoming the Challenges

 


genioux Fact post by Fernando Machuca and Copilot



Introduction: 


Welcome to our latest genioux Fact post, where we delve into the McKinsey article “A data leader’s technical guide to scaling gen AI”. This article provides valuable insights into the challenges and solutions for scaling generative AI (gen AI) in organizations, a crucial aspect of digital transformation in the g-f New World.



genioux GK Nugget: 


"Effective scaling of gen AI requires improved data quality, better data products, and key data-management considerations." — Fernando Machuca and Copilot, July 8,2024.



genioux Foundational Fact: 


Scaling gen AI in organizations is a complex task. The article highlights that 70% of top performers face difficulties integrating data into AI models due to issues with data quality, defining processes for data governance, and having sufficient training data. To overcome these challenges, organizations need to improve their source data, use gen AI to build better data products, and consider key data-management practices that enable reuse and accelerate the development of data solutions.



The 10 Most Relevant genioux Facts:


  1. Scaling gen AI is a challenge faced by 70% of top performers.
  2. Issues with data quality, data governance processes, and training data are common obstacles.
  3. Poor data can lead to poor outcomes, costly fixes, cyber breaches, and loss of user trust.
  4. Improving and expanding source data is a key action for scaling gen AI.
  5. Gen AI can be used to build better data products on modernized data platforms.
  6. Key data-management considerations enable reuse and accelerate data solution development.
  7. Managing data remains a main barrier to value creation from gen AI.
  8. Evolving data capabilities are important to support gen AI cases at scale.
  9. Gen AI can be used to improve data practices.
  10. The article provides a technical guide for data leaders to scale gen AI.



Conclusion: 


In conclusion, the McKinsey article “A data leader’s technical guide to scaling gen AI” offers valuable insights into the challenges and solutions for scaling gen AI in organizations. Understanding these insights is crucial for any organization aiming to effectively leverage gen AI in the g-f New World. By improving data quality, building better data products, and considering key data-management practices, organizations can overcome the challenges and successfully scale gen AI. Stay tuned for more genioux Facts as we continue to explore the g-f New World together!



REFERENCES

The g-f GK Context



Asin TavakoliCarlo GiovineJoe CasertaJorge MachadoKayvaun Rowshankish, Jon Boorstein, and Nathan Westby, A data leader’s technical guide to scaling gen AIMcKinsey, McKinsey Digital, July 8, 2024.



ABOUT THE AUTHORS


This article is a collaborative effort by Asin Tavakoli, Carlo Giovine, Joe Caserta, Jorge Machado, and Kayvaun Rowshankish, with Jon Boorstein and Nathan Westby, representing views from McKinsey Digital and QuantumBlack, AI by McKinsey.



Classical Summary of the Article:


The McKinsey article "A data leader’s technical guide to scaling gen AI" discusses the challenges and solutions for scaling generative AI (gen AI) in organizations¹.


According to the article, 70% of top performers have experienced difficulties integrating data into AI models due to issues with data quality, defining processes for data governance, and having sufficient training data¹. The article suggests three actions to help move from gen AI pilots to scaling data solutions¹:


  1. Improve Your Data: The risks and costs of feeding poor data into gen AI models are high, ranging from poor outcomes, costly fixes, and cyber breaches to a loss of user trust in the outputs¹. Organizations should improve and expand their source data¹.
  2. Use Gen AI to Build Better Data Products: Organizations can use gen AI to build better data products with their modernized data platforms¹.
  3. Key Data-Management Considerations: The article explores key data-management considerations that enable reuse and accelerate the development of data solutions¹.


The article emphasizes that managing data remains one of the main barriers to value creation from gen AI¹. It also highlights the importance of evolving data capabilities to support gen AI cases at scale and using gen AI to improve data practices¹.


Source: Conversation with Copilot, 7/9/2024

(1) A data leader’s technical guide to scaling gen AI | McKinsey. https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/a-data-leaders-technical-guide-to-scaling-gen-ai.

(2) How AI Can Change the Way Your Company Gets Work Done. https://hbr.org/2024/07/how-ai-can-change-the-way-your-company-gets-work-done.



The categorization and citation of the genioux Fact post


Categorization


This genioux Fact post is classified as Bombshell Knowledge which means: The game-changer that reshapes your perspective, leaving you exclaiming, "Wow, I had no idea!"



Type: Bombshell Knowledge, Free Speech



g-f Lighthouse of the Big Picture of the Digital Age [g-f(2)1813g-f(2)1814]


Angel sponsors                  Monthly sponsors



g-f(2)2595: The Juice of Golden Knowledge



GK Juices or Golden Knowledge Elixirs



REFERENCES



genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2595, Fernando Machuca and ChatGPTJuly 8, 2024, Genioux.com Corporation.


The genioux facts program has established a robust foundation of over 2594 Big Picture of the Digital Age posts [g-f(2)1 - g-f(2)2594].



List of Most Recent genioux Fact Posts


genioux GK Nugget of the Day


"genioux facts" presents daily the list of the most recent "genioux Fact posts" for your self-service. You take the blocks of Golden Knowledge (g-f GK) that suit you to build custom blocks that allow you to achieve your greatness. — Fernando Machuca and Bard (Gemini)


June 2024


May 2024

g-f(2)2393 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (May 2024)


April 2024

g-f(2)2281 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (April 2024)


March 2024

g-f(2)2166 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (March 2024)


February 2024

g-f(2)1938 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (February 2024)


January 2024

g-f(2)1937 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (January 2024)


Recent 2023

g-f(2)1936 Unlock Your Greatness: Today's Daily Dose of g-f Golden Knowledge (2023)


Featured "genioux fact"

g-f(2)2586 Mastering the Digital Landscape: A Synthesis of 115 genioux facts Posts on Transformation and Growth

  genioux Fact post by  Fernando Machuca  and   Gemini Introduction by Fernando and Gemini: Greetings, knowledge navigators and digital pion...

Popular genioux facts, Last 30 days