Gen AI for business-to-business
October 2023
IT in Manufacturing
Advancements in applications like Chat GPT have fuelled a surge in interest surrounding Generative Artificial Intelligence (Gen AI). However, while a lot of buzz is being driven in the consumer space, the B2B market for Gen AI remains largely untapped.
This represents a huge opportunity for suppliers. ABI Research forecasts that Gen AI will generate $450 billion in B2B value by 2030.
Generative Pretrained Transformer (GPT) applications like ChatGPT have ignited massive interest in Generative Artificial Intelligence (Gen AI) since late last year. So far, the opportunities for Gen AI have been constrained to the business-to- consumer (B2C) space, with the business-to-business (B2B) largely undefined. In the long run, Gen AI has a colossal impact on the B2B space, with ABI Research is forecasting it to contribute roughly $450 billion in value across various verticals by 2030, but several enterprise challenges are holding back adoption right now. The value of Gen AI is too great to pass up, from improved employee productivity, and operation efficiency to service augmentation and widespread automation.
This whitepaper explores the potential revenue opportunities and roadblocks of Gen AI. Topics covered include:
• What’s holding Gen AI back in the enterprise?
• Why smaller, fine-tuned models are the future of generative AI.
• Open-source vs closed-source models.
• How suppliers, including those providing R&D, hardware, data services, ML service tools, application development, and enterprise services, can take advantage of the huge market opportunities.
To view the whitepaper visit www.instrumentation.co.za/ex/abi2.pdf
Further reading:
Bringing brownfield plants back to life
Schneider Electric South Africa
IT in Manufacturing
Today’s brownfield plants are typically characterised by outdated equipment and processes, and face challenges ranging from inefficient operations to safety hazards. However, all is not lost, as these plants stand to gain a lot from digitalisation and automation.
Read more...
What’s next for artificial intelligence?
IT in Manufacturing
Generative AI has brought computer intelligence into the mainstream. It has already been helping us power the digital world through search engines, social media, map directions, online shopping, ride-sharing and cybersecurity. But now it’s in the hands of the people. What can we expect from this new era?
Read more...
The key to cybersecurity success
IT in Manufacturing
Cybersecurity threats are constantly evolving and becoming more sophisticated, requiring organisations to recognise that their employees are both their greatest asset and their greatest vulnerability.
Read more...
This looks like a job for industrial AI
Schneider Electric South Africa
IT in Manufacturing
Following a recent annual meeting of the World Economic Forum, industrial artificial intelligence has joined the ranks of the world’s superheroes.
Read more...
Modernising world’s best espresso machines
Siemens South Africa
IT in Manufacturing
Olympia Express, a world leader in handcrafted espresso machines, is using the Siemens Xcelerator portfolio to digitally transform the design and production of its world-renowned espresso machines.
Read more...
Pioneering sustainable aviation
Siemens South Africa
IT in Manufacturing
Sustainable aviation company, Dovetail Electric Aviation, has selected the Siemens Xcelerator portfolio of software to design zero-emission battery and hydrogen-electric propulsion systems for commercial aircraft.
Read more...
Revolutionising traditional DCS architecture
IT in Manufacturing
SUPCON has unveiled the world’s first Universal Control System (UCS) at the highly anticipated global product launch conference, marking a groundbreaking innovation in the automation sector. This revolutionises the concept of industrial control systems, pioneering a new era in automatic control technology.
Read more...
Advanced industrial software solutions
ABB South Africa
IT in Manufacturing
Finding better ways to manage energy and manufacturing resources is a key concern for businesses in Africa right now. However, achieving this can be a complex challenge.
Read more...
Risks facing the engineering sector
IT in Manufacturing
The engineering, construction, and real estate sector is facing significant challenges in the year ahead, with natural catastrophes, fire and explosion risks emerging as the primary concerns, according to the Allianz Risk Barometer.
Read more...
African data centres: if you build it, they will come
Schneider Electric South Africa
IT in Manufacturing
Africa’s data centre market is growing at an unprecedented rate, driven by a soaring demand for digital services, artificial intelligence, crypto currencies and cloud computing. This is good news indeed, as Africa’s burgeoning digital landscape also presents significant opportunities for investors, technology companies and local businesses.
Read more...
printer friendly version