Infographic Generative AI: Unleashing the Benefits and Use Cases
By Insight Editor / 24 Oct 2023 , Updated on 3 Jul 2024 / Topics: Data and AI Generative AI
By Insight Editor / 24 Oct 2023 , Updated on 3 Jul 2024 / Topics: Data and AI Generative AI
Wondering where generative AI fits in your organization? Get a clearer view of benefits and use cases across industries, plus real-life success stories from Insight clients, in this infographic.
Accessibility note: The infographic is transcribed below the graphic.
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Take advantage of all generative AI has to offer.
With generative AI taking the business world by storm, forward-thinking organizations are looking for ways to tap into this emerging technology. Insight ventured into this ever-evolving space early on, discovering those who tap into the power of generative AI can see gains such as:
Streamlined and automated workflows instead of tedious tasks and processes mean employees get more done in less time, potentially sidestepping labor shortages and reallocating resources more effectively.
Freed from routine tasks, employees can dive into more meaningful work, expand their skill sets and leverage tools like AI copilots to optimize everything from software development to crafting compelling sales emails.
Generative AI allows organizations to make internal knowledge available via self-service, allowing employees access to the information they need to be effective immediately.
With more automated processes, the chance for human error is greatly reduced, and with fine-tuning, AI solutions will only get better at these tasks over time.
Faster, higher-quality, more customized experiences are possible with generative AI.
Embracing these benefits, combined with being early adopters, empowers organizations to reinvest savings, explore uncharted business areas and stand out from the crowd.
Regardless of industry, generative AI solutions have the potential to streamline work across the enterprise. Here are some examples of how your organization can leverage generative AI to optimize different areas of your business and accelerate ROI:
When a global electronics supplier wanted to leverage AI to obtain accurate and timely financial information from customers and supplier contracts, they turned to Insight. Using Insight's Gen AI Accelerator and OpenAI® resources, the team codeveloped a tailored solution to ingest and analyze financial information from various sources. This improved consistency, response time and accuracy in generating concise document summaries.
Sales and marketing teams now have unprecedented access to actionable insights. Employees can automate menial tasks related to contract review and financial analysis, helping them generate contracts with unmatched security, accuracy and speed.
By partnering with Insight, the company is positioned at the forefront of AI adoption, unlocking further business value and innovation by expanding their generative AI footprint.
To simplify sales awareness of replacement recommendations and increase revenue from product attachments, a U.S. manufacturer worked with Insight to create a modern data architecture as the foundation for AI, as well as a Machine Learning (ML) model to make product recommendations based on historical sales data.
Once the recommendation engine was up and running, the client experienced significant ROI. After just eight weeks, the system increased pipeline revenue by $15 million — with a projected annual value of $50 million.
Based on this success, the model’s capabilities will be extended to recommend other component attachments — with the long-term goal of encompassing the full product portfolio. With a modern data architecture in place as the foundation for future initiatives, the organization continues their data-driven transformation, unlocking new opportunities for growth and competitive advantage.
A global leader in smart transportation wanted to optimize their redlining process for Master Service Agreements (MSAs). Insight developed a cloud-based solution leveraging cutting-edge generative AI to process MSAs and delivered a strategic roadmap for integrating generative AI into business operations.
The organization’s legal team experienced an immediate boost in productivity. Implementation of the solution significantly decreased document analysis time, from weeks to minutes, accelerating client negotiations and turnaround times.
With the AI integration roadmap in place, the organization has already identified new use cases that have the potential to deliver millions in cost savings and added efficiency.
The fifth largest supplier of distilled spirits in the U.S. wanted to build a secure generative AI chat application for internal use within the company while also connecting internal structured data sources to enable rapid Q&A from distillery sellers. Insight helped the company deploy a secure chat application powered by Azure® OpenAI that includes conversation history, administrative settings and user access controls.
The application enables users to ask natural language questions about relevant sales data to derive actionable insights without needing a custom report. Users can now generate their own aggregated sales data on demand to get the latest pulse on brand and store performance.
With secure access to generative AI and integration of internal company data, employees can increase productivity and reduce manual touchpoints, enhancing efficiency and freeing up resources for strategic growth initiatives.
While generative AI can benefit any business, there are specific use cases that enhance critical aspects of industries. With organizations eager to learn how generative AI can benefit their unique business context, our experts have brainstormed high-impact use cases for some major industries:
Through the analysis of patient data, potential health issues can be identified sooner.
With vast amounts of data, AI can help healthcare providers customize a treatment plan for patients based on their medical history and risk factors.
AI can be trained to analyze X-rays, MRIs and other screenings for signs of cancer or other ailments.
Generation of legal and compliance documents is a burden that can be taken from healthcare professionals and streamlined with generative AI solutions.
Generation of legal and compliance documents is a burden that can be taken from healthcare professionals and streamlined with generative AI solutions.
Generative AI can perform predictive analytics and examine transactional patterns to identify risks and anomalies.
In the underwriting process, AI can enhance efficiency and reduce human error, resulting in less risk for the client.
Portfolios can be optimized based on vast financial data and inform trading decisions.
From chatbots that can answer specific questions to custom experiences that meet individual customer needs, AI can enhance the banking or investing experience.
From real-time stock monitoring to virtual fitting rooms, the brick-and-mortar shopping experience can be augmented to rival digital alternatives.
AI can develop personalized loyalty programs for customers based on previous activity and preferences.
With the analysis of food waste data, AI can optimize stock and product placement to minimize loss.
A more intelligent chatbot can enhance the digital shopping experience without requiring large numbers of customer service staff to take inquiries.
Test different manufacturing processes with AI to identify the most efficient and cost-effective options.
Analyze large datasets to forecast demand and optimize logistics.
With image recognition AI solutions, manufactured products can be assessed for defects, and potential risks to employees can be identified to prevent accidents.
AI can assess a large array of information from material cost to production capacity to determine dynamic pricing as the market fluctuates to maximize ROI.
From getting your data generative AI-ready to ideating on use cases, your organization can get the support you need to tap into today’s most cutting-edge technology.
Connect with one of our experts to start your generative AI journey.
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