00:00:00
the adoption of generative AI is going
00:00:02
to continue grow tremendously the next
00:00:05
year I think a big part of how firms
00:00:09
leverage AI to improve labor
00:00:13
productivity or general productivity is
00:00:15
going to be more important than ever and
00:00:17
just like all general purpose
00:00:19
Technologies out there the adoption of
00:00:21
technology is not enough there needs to
00:00:24
be a lot of changes in an organization
00:00:26
scale and individual scale to fully
00:00:29
capture the value of these Technologies
00:00:32
based on my research we have seen that
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firm has dramatically reorganized and
00:00:38
improved their existing organizational
00:00:40
processes to take advantage of AI and
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it's not just changing a little bit of
00:00:45
processes but actually changing
00:00:47
processing across the board from
00:00:49
marketing to operation to R&D to product
00:00:52
development because AI really touches
00:00:54
almost every aspect of firm's operations
00:00:57
you also see that in an innovation there
00:00:59
are lots of thing AI can really
00:01:01
turbocharge your Innovation your product
00:01:03
development and there are things AI are
00:01:05
not very good at to understanding what
00:01:07
an AI can enable when cannot enable in
00:01:10
your specific setting is going to be key
00:01:13
to unleash the value of AI
