« Artificial intelligence is as revolutionary as mobile phones and the Internet. »
— Bill Gates
Despite the hype that seems to accompany almost all technological advances, true revolutions are few and far between. in a March Blog, Bill Gates said that he has witnessed two technology demonstrations in his life that he found revolutionary. The first was the graphical user interface, which was adopted by Microsoft Windows and changed the way people interact with computers. The second, he said, was in 2022, when OpenAI’s ChatGPT took an Advanced Placement Biology exam. He got a 5, the highest grade possible.
In our latest blog post on modern information management we discuss what it is and why we need it. In this blog, we’ll examine how AI plays an important role in delivering on the promise of modern information management by uncovering insights and driving automation to help run your business successfully.
What’s up with AI these days? The technology is far from new; its introduction dates back to the mid 20’she century. But apps like ChatGPT, which can pass high school exams and create business plans in seconds with a few basic criteria, have set imaginations ablaze with thoughts of how life could be changed by AI, for better or worse.
“I am particularly concerned that these models could be used for large-scale disinformation…[they] could be used for offensive cyberattacks,” said Sam Altman, CEO of OpenAI, also in March of this yearputting words to one of the fears that crosses the mind of anyone who pays attention to this revolution.
Despite the downsides, the AI seems to be here to stay. IDC predicts that global spending on AI will surpass $300 billion by 2026. Overall, organizations are ready and eager for it to help make sense of what has become both a precious commodity and a roadblock to success: data. . A precious asset because in this digital world our businesses feed on it; an obstacle to success because we have so much that it’s easy to get overwhelmed and just do nothing.
That’s where AI can help. The role of AI is to facilitate the automation of the discovery, evaluation, and insight of business-critical data, no matter what form it takes, where it resides, or who is asking the questions. And to deliver that information at the speed it’s requested, at the pace of the digital business.
AI extracts valuable information from various types of data, discovering patterns to facilitate data-driven decision-making and empowering human teams through process automation. However, for AI to truly pivot, information needs to be connected and AI models need to be designed for the good at the core, in the code, to avoid downsides. Given the right conditions, AI can help you discover, act, and grow.
Perhaps what is so attractive about AI for many organizations is this concept of increasing productivity. You can change your business with AI-powered insights by eliminating manual and repetitive tasks, and you can gain insights from data to make smarter business decisions. “One of the things that AI can do: I’ll be more specific; what big language models can do… I think they can help us be more productive and improve skills within the organization,” said Mark Barrenechea, CEO and CTO of OpenText, during his OpenText World EMEA keynote address in April.
Technology can help an employee quickly get a contract signing date while ensuring that only authorized users have such access, for example, or a developer can determine how a software release is doing: how many defects have been detected. , where development resources are being used. used, to better understand the risk of delay. “We believe in Big Language Models; We think that they have real power in the management of information”, said Barrenechea.
Modern information management
AI, along with security and sustainability, is a fundamental enabler of modern information management, combining advanced technologies and innovative cloud strategies to connect data, protect knowledge and apply intelligence for any user, any type of data, anywhere, at any speed, for any standards. OpenText offers modern information management to help drive digital success. Our solutions accelerate the information insights to the scale needed by today’s businesses, helping them work smarter and gain the advantage of information. Learn more about how your organization can benefit.