Where to start with generative AI

December 29, 2023 - Research X228

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Generative AI, characterized by its ability to create new content like text, images, or code, presents a promising yet challenging path to increased productivity, improved decision-making, enhanced customer experiences, and new product development opportunities. Nucleus has previously found that employing LLM technology can reduce the duration of certain tasks including composing emails, generating documents, and interpreting data by between 10 and 40 percent and render between eight and 20 percent of labor costs redirectable in automatable areas over the next ten years. Starting with existing tools like ChatGPT and in-app assistants, businesses can gradually explore NLP enhancements and Retrieval-Augmented Generation (RAG) to integrate generative AI more deeply into their operations.

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