Generative AI and Multifactor Productivity in Business

Generative AI and Multifactor Productivity in Business PDF Author: Adedoyin, Festus Fatai
Publisher: IGI Global
ISBN:
Category : Computers
Languages : en
Pages : 302

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Book Description
As organizations grapple with the challenges of a dynamic market, the integration of Artificial Intelligence (AI) emerges not only as a technological progression but a strategic necessity. The transformative potential of AI, particularly through OpenAI, holds the promise of redefining operational paradigms, accelerating innovation, and unlocking unprecedented growth opportunities. However, lurking beneath this promise are challenges that demand urgent attention – from tailoring relevance for specific business units to ethical and safe integration practices. The specifics of how OpenAI can amplify labor productivity and enhance decision-making processes remain elusive. Generative AI and Multifactor Productivity in Business offers a guide surrounding the complexities of OpenAI's role in business operations. It contends that understanding OpenAI is not just beneficial; it is essential for organizations seeking to navigate economic uncertainties and unlock high levels of efficiency and growth. The book delves into the effects of OpenAI on business, with a primary objective of illuminating the scholarly and practitioner-based contributions that push the boundaries of OpenAI in business research. This exploration encompasses applications of advanced generative AI tools, language models, and innovative technologies specific to diverse businesses across sectors, scales, and regions. It emphasizes that as AI becomes more seamlessly integrated into business processes, the potential for multifactor productivity to fuel economic growth, new industries, and job opportunities is unparalleled.

Generative AI and Multifactor Productivity in Business

Generative AI and Multifactor Productivity in Business PDF Author: Adedoyin, Festus Fatai
Publisher: IGI Global
ISBN:
Category : Computers
Languages : en
Pages : 302

Get Book

Book Description
As organizations grapple with the challenges of a dynamic market, the integration of Artificial Intelligence (AI) emerges not only as a technological progression but a strategic necessity. The transformative potential of AI, particularly through OpenAI, holds the promise of redefining operational paradigms, accelerating innovation, and unlocking unprecedented growth opportunities. However, lurking beneath this promise are challenges that demand urgent attention – from tailoring relevance for specific business units to ethical and safe integration practices. The specifics of how OpenAI can amplify labor productivity and enhance decision-making processes remain elusive. Generative AI and Multifactor Productivity in Business offers a guide surrounding the complexities of OpenAI's role in business operations. It contends that understanding OpenAI is not just beneficial; it is essential for organizations seeking to navigate economic uncertainties and unlock high levels of efficiency and growth. The book delves into the effects of OpenAI on business, with a primary objective of illuminating the scholarly and practitioner-based contributions that push the boundaries of OpenAI in business research. This exploration encompasses applications of advanced generative AI tools, language models, and innovative technologies specific to diverse businesses across sectors, scales, and regions. It emphasizes that as AI becomes more seamlessly integrated into business processes, the potential for multifactor productivity to fuel economic growth, new industries, and job opportunities is unparalleled.

Revolutionary Automobile Production Systems for Optimal Quality, Efficiency, and Cost

Revolutionary Automobile Production Systems for Optimal Quality, Efficiency, and Cost PDF Author: Amasaka, Kakuro
Publisher: IGI Global
ISBN: 1668483033
Category : Business & Economics
Languages : en
Pages : 490

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Book Description
In today's fast-paced and competitive manufacturing landscape, industries worldwide face the pressing challenge of optimizing production processes to meet ever-growing demands for efficiency, quality, and sustainability. Traditional manufacturing systems often need help to meet these demands, leading to inefficiencies, quality issues, and increased costs. To address these challenges, there is a critical need for a comprehensive understanding of advanced production management principles, such as the Toyota Production System (TPS) and its evolution into the Advanced TPS. Revolutionary Automobile Production Systems for Optimal Quality, Efficiency, and Cost serves as a definitive guide for scholars seeking to understand and implement the principles of TPS and Advanced TPS in modern manufacturing management. By offering a deep dive into these systems' philosophy, theory, and practical applications, the book equips readers with the knowledge and tools needed to revolutionize their manufacturing processes. Whether you're a scholar looking to expand your knowledge or a practitioner seeking to enhance your organization's manufacturing capabilities, this book offers a compelling solution to modern manufacturing challenges.

Empower Business with Generative AI

Empower Business with Generative AI PDF Author: Daniel W Rasmus
Publisher:
ISBN: 9781446658987
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Empower Business with Generative AI Harness the power of AI to drive efficiency, improve decision-making, and develop new products or services

World Bank East Asia and Pacific Economic Update, October 2023

World Bank East Asia and Pacific Economic Update, October 2023 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 1464820287
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
Economic activity in much of developing East Asia and Pacific (EAP), other than several Pacific Island Countries, has recovered from the succession of shocks since 2020 but is now slowing down. Private consumption and the recovery of tourism had sustained growth in the region but is running out of steam. Slowing global growth is leading to a contraction in exports. Public investment and private investment also remain low in much of the region. Most governments in the region are projected to consolidate fiscally in 2023. The revival of growth in the region will depend crucially on the state of the services sectors. Even though manufacturing has powered EAP development, services already account for more than half of value added and employment. A digital revolution is leading to structural change within all services sectors, with the combination of new domestic platform-based services and more internationally tradable services boosting productivity. Harnessing the digital revolution for inclusive economic growth requires deeper services reforms.

Beyond Fintech

Beyond Fintech PDF Author: Bernardo Nicoletti
Publisher: Springer Nature
ISBN: 3030962172
Category : Business & Economics
Languages : en
Pages : 282

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Book Description
Enterprise management theories about the so-called bionic organization currently face a significant funding gap. Bionic theories have been mainly applied to enterprise lifecycle because of the presence of similarities between economic organizations and organisms. The digital transformation has offered advancements in the bionics research field which enable us to discuss bionic organizations for the first time as business realities in which humans and machines, especially robotic process automation systems and artificial intelligence tools, cooperate in executing operations. This book determines how a bionic organization can be defined and what are its fundamental elements in the case of banking. Specifically, it investigates the two pillars of bionic enterprise which are technology and humans, as well as the core objectives and outcomes. In order to provide an exhaustive overview, the book proposes a new conceptualization of the business model of a bionic organization on the basis of the Business Model Canvas framework. Ultimately, the study of bionic organizations is aimed to discover also how they evolved in the post pandemic phase as a result of the disruptive events generated by the spread of the pandemic. The research on the book has been conducted through a qualitative and descriptive methodology with the intent to build further knowledge about the topic starting from the information available in literature. To provide actual evidence of the reality of bionic financial services, the book includes case studies. The organizations observed in the study have been selected since they present some of the key traits identified by the bionic enterprise theory. The book demonstrates that bionic enterprise theory can be further enriched with the conceptualization of a bionic business model in which the paradigm of collaboration between humans and machines is a recurring element.

The AI-First Company

The AI-First Company PDF Author: Ash Fontana
Publisher: Penguin
ISBN: 0593330315
Category : Business & Economics
Languages : en
Pages : 306

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Book Description
Artificial Intelligence is transforming every industry, but if you want to win with AI, you have to put it first on your priority list. AI-First companies are the only trillion-dollar companies, and soon they will dominate even more industries, more definitively than ever before. These companies succeed by design--they collect valuable data from day one and use it to train predictive models that automate core functions. As a result, they learn faster and outpace the competition in the process. Thankfully, you don't need a Ph.D. to learn how to win with AI. In The AI-First Company, internationally-renowned startup investor Ash Fontana offers an executable guide for applying AI to business problems. It's a playbook made for real companies, with real budgets, that need strategies and tactics to effectively implement AI. Whether you're a new online retailer or a Fortune 500 company, Fontana will teach you how to: • Identify the most valuable data; • Build the teams that build AI; • Integrate AI with existing processes and keep it in check; • Measure and communicate its effectiveness; • Reinvest the profits from automation to compound competitive advantage. If the last fifty years were about getting AI to work in the lab, the next fifty years will be about getting AI to work for people, businesses, and society. It's not about building the right software -- it's about building the right AI. The AI-First Company is your guide to winning with artificial intelligence.

Solutions Architect's Handbook

Solutions Architect's Handbook PDF Author: Saurabh Shrivastava
Publisher: Packt Publishing Ltd
ISBN: 1835084362
Category : Computers
Languages : en
Pages : 579

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Book Description
From fundamentals and design patterns to the latest techniques such as generative AI, machine learning and cloud native architecture, gain all you need to be a pro Solutions Architect crafting secure and reliable AWS architecture. Key Features Hits all the key areas -Rajesh Sheth, VP, Elastic Block Store, AWS Offers the knowledge you need to succeed in the evolving landscape of tech architecture - Luis Lopez Soria, Senior Specialist Solutions Architect, Google A valuable resource for enterprise strategists looking to build resilient applications - Cher Simon, Principal Solutions Architect, AWS Book DescriptionMaster the art of solution architecture and excel as a Solutions Architect with the Solutions Architect's Handbook. Authored by seasoned AWS technology leaders Saurabh Shrivastav and Neelanjali Srivastav, this book goes beyond traditional certification guides, offering in-depth insights and advanced techniques to meet the specific needs and challenges of solutions architects today. This edition introduces exciting new features that keep you at the forefront of this evolving field. Large language models, generative AI, and innovations in deep learning are cutting-edge advancements shaping the future of technology. Topics such as cloud-native architecture, data engineering architecture, cloud optimization, mainframe modernization, and building cost-efficient and secure architectures remain important in today's landscape. This book provides coverage of these emerging and key technologies and walks you through solution architecture design from key principles, providing you with the knowledge you need to succeed as a Solutions Architect. It will also level up your soft skills, providing career-accelerating techniques to help you get ahead. Unlock the potential of cutting-edge technologies, gain practical insights from real-world scenarios, and enhance your solution architecture skills with the Solutions Architect's Handbook.What you will learn Explore various roles of a solutions architect in the enterprise Apply design principles for high-performance, cost-effective solutions Choose the best strategies to secure your architectures and boost availability Develop a DevOps and CloudOps mindset for collaboration, operational efficiency, and streamlined production Apply machine learning, data engineering, LLMs, and generative AI for improved security and performance Modernize legacy systems into cloud-native architectures with proven real-world strategies Master key solutions architect soft skills Who this book is for This book is for software developers, system engineers, DevOps engineers, architects, and team leaders who already work in the IT industry and aspire to become solutions architect professionals. Solutions architects who want to expand their skillset or get a better understanding of new technologies will also learn valuable new skills. To get started, you'll need a good understanding of the real-world software development process and some awareness of cloud technology.

The AI Advantage

The AI Advantage PDF Author: Thomas H. Davenport
Publisher: MIT Press
ISBN: 0262538008
Category : Business & Economics
Languages : en
Pages : 243

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Book Description
Cutting through the hype, a practical guide to using artificial intelligence for business benefits and competitive advantage. In The AI Advantage, Thomas Davenport offers a guide to using artificial intelligence in business. He describes what technologies are available and how companies can use them for business benefits and competitive advantage. He cuts through the hype of the AI craze—remember when it seemed plausible that IBM's Watson could cure cancer?—to explain how businesses can put artificial intelligence to work now, in the real world. His key recommendation: don't go for the “moonshot” (curing cancer, or synthesizing all investment knowledge); look for the “low-hanging fruit” to make your company more efficient. Davenport explains that the business value AI offers is solid rather than sexy or splashy. AI will improve products and processes and make decisions better informed—important but largely invisible tasks. AI technologies won't replace human workers but augment their capabilities, with smart machines to work alongside smart people. AI can automate structured and repetitive work; provide extensive analysis of data through machine learning (“analytics on steroids”), and engage with customers and employees via chatbots and intelligent agents. Companies should experiment with these technologies and develop their own expertise. Davenport describes the major AI technologies and explains how they are being used, reports on the AI work done by large commercial enterprises like Amazon and Google, and outlines strategies and steps to becoming a cognitive corporation. This book provides an invaluable guide to the real-world future of business AI. A book in the Management on the Cutting Edge series, published in cooperation with MIT Sloan Management Review.

Tech Trends 24/7 and the Impact of Covid-19

Tech Trends 24/7 and the Impact of Covid-19 PDF Author: James P. Quinn
Publisher:
ISBN: 9781736648100
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
Tech Trends 24/7 and the Impact of Covid-19 explores the greatest change in technology innovation throughout our history, driven by the massive technology disruption forces that have been accelerated by the Covid-19 pandemic.

Artificial Intelligence in Banking

Artificial Intelligence in Banking PDF Author: Introbooks
Publisher:
ISBN:
Category :
Languages : en
Pages : 50

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Book Description
In these highly competitive times and with so many technological advancements, it is impossible for any industry to remain isolated and untouched by innovations. In this era of digital economy, the banking sector cannot exist and operate without the various digital tools offered by the ever new innovations happening in the field of Artificial Intelligence (AI) and its sub-set technologies. New technologies have enabled incredible progression in the finance industry. Artificial Intelligence (AI) and Machine Learning (ML) have provided the investors and customers with more innovative tools, new types of financial products and a new potential for growth.According to Cathy Bessant (the Chief Operations and Technology Officer, Bank of America), AI is not just a technology discussion. It is also a discussion about data and how it is used and protected. She says, "In a world focused on using AI in new ways, we're focused on using it wisely and responsibly."