At the Google Cloud Next ‘24, R Ray Wang, Founder, Chairman and Principal Analyst at Constellation, and Ayon Banerjee, Chief Strategy and Growth Officer at Persistent, discuss how enterprises can tap into the transformative power of Generative AI (GenAI) to drive business value, and why it entails having a granular view of the available data to get it right.
The push for GenAI is driven by margin compression across workflows and industries versus AI arbitrage. Enterprises are not looking at GenAI to speed up developer productivity; they want to meet tighter deadlines at a lower cost. This is the actual business use case that GenAI proofs-of-concept will need to deliver on, and the way to do this effectively is to be deliberate, focused, and strategic about AI investments and priorities. Data is at the center – and the first step toward making GenAI real for enterprises is to understand their data landscape, identify gaps, and partner with external players for other data sources. The key is to run a handful of GenAI projects that showcase feasibility and help enterprises better understand foundational requirements before scaling up to multiple projects.
While Google amplifies the infrastructure components to support enterprise GenAI ambitions, a partner like Persistent, with a product engineering DNA and deep-rooted data expertise, can bridge the opportunity gap. We partner with Google Cloud to help enterprises build AI systems from the ground up, interacting with not just the CIO organization but C-suite business stakeholders to understand priorities and pain points. We also work to establish the right guardrails and governance structures, setting companies on a path to assured success.
Speakers –
R Ray Wang, Founder, Chairman and Principal Analyst, Constellation
Ayon Banerjee, Chief Strategy and Growth Officer, Persistent
John Furrier, Industry Analyst, theCUBE
