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Generative AI, a Game-Changer for Business Across Industries in Latin America

Publisher IDC
Published Aug 03, 2023
Length 16 Pages
SKU # IDC18096248

Description

Generative AI, a Game-Changer for Business Across Industries in Latin America


Organizations in Latin America are building entirely new business models based on generative AI-enhanced processes intended to achieve customer engagement and cost-effective operations. However, Latin American organizations must consider that managing and training generative AI requires important practices, especially those related to regulatory compliance issues, especially when used for commercial purposes. Profound scrutiny becomes crucial for content-related generative AI to prevent potential lawsuits, losses, fines, or reputational concerns. Thus, the chosen business partner will be pivotal for each organization to tackle IT and skills challenges and accomplish its business goals transparently, easier, and faster."Enterprises must understand how generative AI functions to prioritize the use cases that apply in the short and long term before engaging in innovation initiatives. Business leaders must assess all the benefits, risks, and challenges. Moreover, a knowledgeable, trusted business partner must be their co-pilot in this journey," Alejandro Florean, Vice President of Custom Solutions for Latin America.

Please Note: Extended description available upon request.

Table of Contents

16 Pages
Executive Snapshot
Situation Overview
About Generative AI
Defining AI and Generative AI
Looking at the Origin of Artificial Intelligence and Generative AI
Generative AI, a Technology that Gives Good Reasons for Adoption
Generative AI, the Technology
Foundation Models (FM)
GPT Open Models
Generative AI, a Tsunami of Benefits
AI Market Development and Dynamics
The Growing Artificial Intelligence Market
Latin America Mirrors the Global AI Market Expansion
Generative AI Best Practices
Generative AI Drivers and Inhibitors in Latin America
Generative AI Drivers
Generative AI Inhibitors, Risks, and Challenges
The Partner Ecosystem is Essential to Succeed with Generative AI
A Growing Range of Use Cases
Novel Industry-Specific Use Cases
Advice for the Technology Buyer
Learn More
Related Research
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