In 2024, The AI Revolution Will Also Be a Trust Revolution
Guest author Itai Margalit from Salesforce discusses the ways AI is expected to transform businesses in the months ahead
Cybertech
| 27/12/2023
Itai Margalit. Photo credit: Netanel Tobias
2023 has seen AI and automation begin to usher in a new economic era, revolutionizing how businesses interact with customers. This coming wave of generative AI will be more revolutionary than any technology innovation that’s come before
Whilst we cannot predict everything that lies ahead in 2024, it is clear that businesses need a digital strategy that builds resilience for today, increasing productivity and driving efficiency. And a vision for the future - to keep pace as all industries evolve to meet growing customer and employee expectations.
Here are a few ways AI will transform businesses in the months ahead.
Generative AI will become fully operationalized for use across the enterprise
AI will ultimately touch every department and workstream. Another big step forward will come when large language models (LLMs) are tapped not just for content generation and analysis, but decision-making and workflow automation.
By identifying repetitive tasks and leveraging data integrations to make informed predictions and generate automation, AI is well-poised to absorb today’s routine work patterns and free our time for more fulfilling, productive, and profitable work.
While foundational LLMs will be the backbone of generative AI, companies will also start using a combination of smaller, domain-specific language models for cost, performance, and latency reasons.
AI will transform the office into a smarter workplace
Chatbots and virtual assistants will simplify the employee experience by automatically booking the right space for a team’s needs. AI will also provide quick responses to inquiries, guide employees to resources, and facilitate service requests.
Most importantly, businesses will transform the way they measure performance and productivity to focus on outcomes like products launched or leads generated, instead of inputs. To do this, leaders will need to shift their mindset from measuring activity to measuring impact.
Semantic query will become a cornerstone for AI, dramatically changing customer service
This is, essentially, a question written in a ‘human’ language that then gets translated into machine language. Businesses can provide quick and meaningful, hyper-personalized service with AI using text, images, videos, and audio for search. This sets the stage for a more intuitive and responsive digital economy, benefitting both businesses and end users alike.
As AI grows more adept at gleaning insights from both structured and unstructured datasets, we can anticipate a surge in businesses adopting semantic query capabilities with the merging of structured data, such as sales figures and customer demographics, and unstructured data like blogs, customer reviews, and social media commentary.
Data harmonization will be a key priority for business leaders
All of this is only possible when AI is fueled by accurate, comprehensive data. Yet full confidence in an organization’s data quality is elusive, particularly among business stakeholders.
In 2024, the focus on democratizing data and analytics will take a new turn. Data and analytics will become more proactive by automatically identifying anomalies in underlying business data, delivering insights in natural language, and providing users with the ability to ask questions and get answers quickly, without pulling in a data analyst.
In addition to investing in technical solutions to harmonize disparate data sources and reduce data gravity, teams are paying increasing attention to defining data governance protocols and cultivating strong data cultures among their cross-functional teams.
The AI revolution is also a trust revolution
Broad swaths of customers have raised ethical concerns about how businesses intend to deploy this powerful technology.
Given the speed of its uptake by businesses, the use of generative AI in and of itself may soon be table stakes rather than a competitive advantage. But open, ethical, and transparent use of generative AI may be what sets companies apart in customers’
Written by Itai Margalit, Area VP and Business Leader at Salesforce Israel
Guest author Itai Margalit from Salesforce discusses the ways AI is expected to transform businesses in the months ahead
Itai Margalit. Photo credit: Netanel Tobias
2023 has seen AI and automation begin to usher in a new economic era, revolutionizing how businesses interact with customers. This coming wave of generative AI will be more revolutionary than any technology innovation that’s come before
Whilst we cannot predict everything that lies ahead in 2024, it is clear that businesses need a digital strategy that builds resilience for today, increasing productivity and driving efficiency. And a vision for the future - to keep pace as all industries evolve to meet growing customer and employee expectations.
Here are a few ways AI will transform businesses in the months ahead.
Generative AI will become fully operationalized for use across the enterprise
AI will ultimately touch every department and workstream. Another big step forward will come when large language models (LLMs) are tapped not just for content generation and analysis, but decision-making and workflow automation.
By identifying repetitive tasks and leveraging data integrations to make informed predictions and generate automation, AI is well-poised to absorb today’s routine work patterns and free our time for more fulfilling, productive, and profitable work.
While foundational LLMs will be the backbone of generative AI, companies will also start using a combination of smaller, domain-specific language models for cost, performance, and latency reasons.
AI will transform the office into a smarter workplace
Chatbots and virtual assistants will simplify the employee experience by automatically booking the right space for a team’s needs. AI will also provide quick responses to inquiries, guide employees to resources, and facilitate service requests.
Most importantly, businesses will transform the way they measure performance and productivity to focus on outcomes like products launched or leads generated, instead of inputs. To do this, leaders will need to shift their mindset from measuring activity to measuring impact.
Semantic query will become a cornerstone for AI, dramatically changing customer service
This is, essentially, a question written in a ‘human’ language that then gets translated into machine language. Businesses can provide quick and meaningful, hyper-personalized service with AI using text, images, videos, and audio for search. This sets the stage for a more intuitive and responsive digital economy, benefitting both businesses and end users alike.
As AI grows more adept at gleaning insights from both structured and unstructured datasets, we can anticipate a surge in businesses adopting semantic query capabilities with the merging of structured data, such as sales figures and customer demographics, and unstructured data like blogs, customer reviews, and social media commentary.
Data harmonization will be a key priority for business leaders
All of this is only possible when AI is fueled by accurate, comprehensive data. Yet full confidence in an organization’s data quality is elusive, particularly among business stakeholders.
In 2024, the focus on democratizing data and analytics will take a new turn. Data and analytics will become more proactive by automatically identifying anomalies in underlying business data, delivering insights in natural language, and providing users with the ability to ask questions and get answers quickly, without pulling in a data analyst.
In addition to investing in technical solutions to harmonize disparate data sources and reduce data gravity, teams are paying increasing attention to defining data governance protocols and cultivating strong data cultures among their cross-functional teams.
The AI revolution is also a trust revolution
Broad swaths of customers have raised ethical concerns about how businesses intend to deploy this powerful technology.
Given the speed of its uptake by businesses, the use of generative AI in and of itself may soon be table stakes rather than a competitive advantage. But open, ethical, and transparent use of generative AI may be what sets companies apart in customers’
Written by Itai Margalit, Area VP and Business Leader at Salesforce Israel
