IT in Manufacturing


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




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