Welcome to Grow to Your Fullest, a newsletter about data science & AI strategy or trends, leadership, personal enrichment, and financial freedom
Success is not the absence of failure but the resilience to rise, evolve, and thrive in the face of each challenge. Embrace failure, empower growth, and let success be the equation of your perseverance.
Gain insight from the success formula,
Success = 1 – Failure^N
define your success rate with expected failure rate.
Data Science & AI Leadership
Transform your data and AI team from ordinary to extraordinary with four game-changing steps
The journey to transformative success starts with igniting your internal furnace.
Dive into the future with Generative AI! Deloitte's report unveils strategic insights and concerns shaping AI adoption. Discover how leaders navigate efficiency, talent, and governance for transformative success.
According to the report from The State of Data and AI in Leading Companies 2024 with a foreword by Randy Bean and Thomas H. Davenport
Many companies view Generative AI as potentially the most transformative technology in a generation. Despite this recognition, a significant number of organizations are not currently realizing substantial value from Generative AI. Merely 5% have successfully implemented Generative AI at scale in their production processes. Additionally, only half of these organizations possess the requisite talent to effectively implement Generative AI. It is noteworthy that nearly all respondents, accounting for 99%, acknowledge the necessity for safeguards and guardrails in the implementation of Generative AI. However, only 63% of these organizations have already established such protective measures. The survey encapsulates seven insights to guide organizations as they embark on a transformative journey. For further details, refer to the complete article.
Gen AI Expands Horizons and Deepens Impact
Based on the article Exploring The Future: 5 Cutting-Edge Generative AI Trends In 2024
Gen AI is venturing into broader territories, utilizing diverse data sources and delving deeper into specific business applications. It navigates authoritative content and automatic learning without human interaction, paving the way for a more comprehensive and impactful artificial intelligence landscape.
1. Emergence of Multimodal AI Models: Advancements in multimodal AI models, exemplified by OpenAI's GPT-4, Meta's Llama 2, and Mistral, signify a significant shift in generative AI capabilities. These models go beyond traditional single-mode functions, seamlessly incorporating diverse data types such as images, language, and audio. The evolution promises to redefine the AI landscape, allowing users to intuitively combine various content forms for generating novel outcomes.
2. Small Language Models (SLMs): Unlike the dominance of large language models (LLMs) in 2023, 2024 is poised to showcase the prowess of small language models. Microsoft's PHI-2 and Mistral 7B, trained on more limited yet high-quality authoritative content, can efficiently operate on less powerful hardware. Enterprises gain the flexibility to fine-tune SLMs for specific tasks, ensuring compliance with legal and regulatory requirements while accelerating language model adoption.
3. The Rise of Autonomous Agents: Enter the era of autonomous agents – autonomous software programs designed for specific objectives. These agents leverage advanced algorithms and machine learning to produce content without human intervention. Their development marks a strategic move in constructing generative AI models, offering valuable contributions to improving customer experiences across industries like travel, hospitality, retail, and education.
4. Open Models Comparable with Proprietary Models: In 2024, open, generative AI models are set to evolve significantly, achieving comparability with proprietary counterparts. The expected narrowing gap between open and proprietary models provides enterprises with viable alternatives for hosting generative AI models in hybrid or on-premises environments.
5. Cloud Native Becomes Key to On-Prem GenAI: The maturation of frameworks and tools supporting model inference in containers paves the way for 2024 advancements. The focus on frameworks, tools, and platforms running on Kubernetes emerges as a key element in efficiently managing the entire lifecycle of generative models. This includes crucial stages such as pre-training, fine-tuning, deployment, and scaling.
As we move through 2024, the rapid evolution of generative AI promises not only new capabilities but also a transformative impact on both consumers and enterprises. Stay tuned for an exciting journey in the world of artificial intelligence!
>> Navigate the challenges with confidence through our Data Science & AI Leadership Accelerator program. Tailored to help you craft a compelling data and AI vision and optimize your strategy, it's your key to success in the journey of Generative AI. Reach out for a complimentary orientation on the program and embark on a transformative path to excellence.
AI on Talent
o Over 70% of organizations expect AI to impact their hiring plans in the next 2 years
In a recent Deloitte survey with 2,835 business and technology leaders involved in piloting or implementing generative AI in their organizations, over 70% said that they expect to make changes to their hiring strategy in the next 2 years because of AI.
In the age of generative AI, the conversation about jobs goes beyond displacement – it's about creation!
AI Tools to Supercharge Your Productivity
Perplexity AI Unlocks the power of knowledge with a chatbot-style search engine that allows you to ask questions in natural language. It uses AI technology to gather information from multiple sources on the web and provide responses
Portkey AI: Develop, launch, maintain and iterate over your company’s generative AI apps and features faster.
GoSearch: Search all company resources in seconds with multimodal generative AI-powered enterprise search.
Codebay: Learn Python easily with fun, interactive lessons and your own AI coding tutor.
Gotalk: Generate lifelike voices in 50 different languages and 8,000 Soundtracks for YouTube, podcasts, phone system greetings and more.
Leadership and Personal Growth Nugget
🌟 Have You Spend Your Time for High Value Result?
Ever wondered how to dive into the art of Life Optimization through the lens of the Time Pyramid and Lifetime Value?
🚀 Evaluate your life pyramid, discern the value in each moment, and make choices aligned with your purpose. Design your life, cultivate a legacy, and inspire others to do the same. The power lies within your hands—take the first step today.
🚀 Ready to elevate your success? Dive into the transformative power of Inevitability Thinking! 💡 Shift from wanting to having, solve problems with brilliance, and design your ideal day for unstoppable success.
🌟 Let's turn dreams into reality!
🔥 Embrace the belief that your goals are already achieved.
💪 Become a problem solver, not just a goal setter.
🏆 Let's pave the way for automatic success together!
🌟 Transform Chaos into Harmony: 3 Strategies to Unleash Your Productivity! 🚀
⏰Mastering Life, Elevating Productivity, Optimizing Time—let's dive into the art of intentional living. 🌈
Lost time is never found again—Benjamin Franklin's timeless wisdom resonates, urging us to seize control of our most precious resource.