It is no secret that generative artificial intelligence is rapidly transforming both business operations and decision making, despite the fact that it has just recently been adopted into most enterprises. The use of this technology nearly doubled in early 2024, and while some organizations are still in planning stages, many are actively leveraging generative AI in order to enhance everything from productivity to sales, customer experience, and even product design. In a survey conducted by MIT SMR Connections and Kadence International involving 1,000 data and business leaders, early adopters have found the most value in using this technology to improve strategic business decisions – these early adopters are already seeing significant ROIs and anticipate even greater future gains. According to the survey, entitled “Generative AI for Data and Analytics: How Early Adopters Are Reaping the Rewards,” researchers write:

“In the next few years, generative AI will have a profound effect on organizations in nearly every industry — whether or not they actually use it. Companies that incorporate the technology into their business decisions stand to gain insights that can help them expand to new markets, boost sales, improve products and services, or create entirely new revenue-generating opportunities that lift them far above competitors. Some are already realizing these benefits, making it increasingly difficult for those standing on the sidelines to catch up. But rushing into haphazard deployments won’t end well. Instead, leaders who create strategies to maximize the technology’s value for their organization, foster collaboration between business and data teams, employ the right tools and partnerships, and closely track generative AI spending and impact are the most likely to achieve far-reaching and long-lasting results.”

Fr0ntierX provides cutting-edge solutions that help enterprises harness the full potential of generative AI while continuing to safeguard data and sensitive information. By offering advanced cybersecurity built on our legacy access management software and advanced encryption, Fr0ntierX ensures that confidential information always remains as such – whether the data is at rest, in transit, or processing – so that industries that handle sensitive data can utilize AI and other emerging technologies without concern. As generative AI continues to reshape business, Fr0ntierX is committed to delivering the support, security, and expertise needed for enterprises to achieve long-term success.