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Generative AI Technology Advancing Across Industries, CIOs Emphasize Value

Genuine AI technology is increasingly being utilized by CIOs and IT leaders in various industries to streamline processes and deliver tangible value, focusing on evaluating ROI and incorporating gen AI into new product development efforts.

At a glance

  • Generative AI technology is advancing rapidly from experimental phases to practical applications in various industries.
  • CIOs from companies like Nvidia, SentinelOne, and ServiceNow emphasize the importance of gen AI use cases in delivering tangible value and streamlining processes at scale.
  • ServiceNow is revolutionizing engineer productivity by integrating domain-specific language models into workflows to reduce workloads and achieve cost savings.
  • Nvidia and SentinelOne are incorporating gen AI into new product development efforts, with Nvidia deploying several gen AI use cases across the company.
  • The partnership between Teradyne Robotics and Nvidia aims to bring AI capabilities to industrial robots, shaping the future of robotics in collaborative and autonomous markets.

The details

Generative AI technology is rapidly advancing from experimental phases to practical applications, with Chief Information Officers (CIOs) and IT leaders leveraging its potential across various industries.

During a panel discussion at Nvidia’s GTC Event, CIOs from prominent companies such as Nvidia, SentinelOne, and ServiceNow highlighted the importance of gen AI use cases in delivering tangible value and streamlining processes at scale.

Revolutionizing Engineer Productivity

Gen AI is revolutionizing engineer productivity by automating tasks. ServiceNow integrates domain-specific language models into workflows to reduce workloads and achieve significant cost savings and productivity gains.

CIOs are evaluating gen AI based on its equivalent human resource contribution and capacity, emphasizing the need to focus on any gen AI initiative’s return on investment (ROI).

Incorporating Gen AI into Product Development

Nvidia and SentinelOne are incorporating gen AI into new product development efforts, with Nvidia deploying several gen AI use cases across the company.

Teradyne Robotics, the parent company of Universal Robots and Mobile Industrial Robots, recently partnered with Nvidia to introduce AI capabilities to industrial robots, including Nvidia’s AI computing technology into UR’s collaborative robot for faster path-planning capabilities.

The collaboration also led to the launch of an AI-powered solution for pallet handling, the MiR1200 Pallet Jack, equipped with AI-enabled pallet detection using Nvidia Jetson AGX Orin module and 3D vision technology.

This partnership aims to shape the future of robotics by bringing AI and accelerated computing power to collaborative robot (cobot) and Autonomous Mobile Robot (AMR) markets.

Overall, integrating generative AI into various industries presents both organizational and technical challenges that need to be addressed early in the implementation process.

CIOs recommend using generative AI as a learning tool and advise business leaders to stay curious about advancements in gen AI. Companies must prioritize gen AI use cases early on, remain adaptable, and be willing to experiment to fully harness the potential of this transformative technology.

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Facts attribution

This section links each of the article’s facts back to its original source.

If you suspect false information in the article, you can use this section to investigate where it came from.

venturebeat.com
– Generative AI use cases are progressing quickly from pilots to production
– CIOs and IT leaders are harnessing gen AI’s potential across a broad base of use cases
– CIOs from Nvidia, SentinelOne, and ServiceNow participated in a panel at Nvidia’s GTC Event
– Gen AI use cases must deliver measurable value and help streamline processes at scale
– Gen AI is enhancing engineer productivity by automating tasks
– ServiceNow has embedded domain-specific language models into workflows to reduce workload
– ServiceNow has seen significant cost savings and productivity gains with gen AI
– CIOs are looking at gen AI in terms of its equivalent human resource contribution and capacity
– It is important to focus on the ROI of any gen AI initiative
– Dealing with change management is a universal challenge when implementing gen AI
– Nvidia and SentinelOne are using gen AI in new product development efforts
– Nvidia has deployed several gen AI use cases across the company
– SentinelOne is using gen AI in their product strategy and new product development processes
– Organizational and technical challenges need to be addressed early in the process
– CIOs recommend using generative AI as a learning tool
– CIOs advise staying curious about gen AI advancements
– Business leaders should prioritize gen AI use cases early and be willing to adapt and experiment
aibusiness.com
– Teradyne Robotics, parent company of Universal Robots and Mobile Industrial Robots, is partnering with Nvidia to bring AI capabilities to industrial robots
– Partnership announced at Nvidia’s GTC AI conference in San Jose
– UR has integrated Nvidia’s AI computing tech into its collaborative robot and demonstrated faster path-planning capabilities
– Nvidia’s computing power can speed up cobots’ path-planning process by 50 to 80 times
– Teradyne announced launch of AI-powered solution for pallet handling, MiR1200 Pallet Jack, at the event
– Pallet Jack uses AI-enabled pallet detection powered by Nvidia Jetson AGX Orin module and 3D vision
– MiR now a one-stop shop for autonomous material handling at factories and warehouses
– Teradyne planning more AI offerings in the future
– Collaboration between Teradyne Robotics and Nvidia aims to shape the future of robotics
– Nvidia’s Isaac robotics simulation platform enabling increased autonomy in robotics
– Collaboration will bring power of AI and accelerated computing to cobot and AMR markets.

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