Kenny Mullican and Toni Witt discuss the impact of AI and GenAI on industries and workforce productivity at the Think2024 IBM conference. The CEO of IBM, Arvind Krishna, highlighted AI as a technology that will revolutionize the world, with an expected GDP productivity increase of $4 trillion by 2030. CEOs are hiring for GenAI-specific skills and moving faster than many employees are comfortable with, according to an IBM Study of CEOs on the Impact of GenAI on the Workforce. However, over 50% of CEOs have not evaluated the impact of GenAI on their workforces. The pace of innovation in AI is considered rapid to frantic by 85% of respondents in an Acceleration Economy study.
Watsonx has expanded its offerings, including Watsonx.ai and Watsonx governance, as well as a new Watsonx assistant to assist with subtasks. Partnerships with companies like Adobe and a Saudi Arabian AI research arm are helping to create innovative solutions, such as an Arabic language model that can work with multiple Arabic dialects. Additionally, IBM is collaborating with startups and small teams, like Bakstage.ai, to develop valuable solutions for customers.
In the cloud economy, companies must collaborate with competitors to benefit customers, which is why IBM runs its software on Microsoft Azure, AWS, and Google Cloud. Quantum computing is also advancing rapidly, with IBM conducting 3 billion individual experiments with its quantum computers. The future of quantum technology could solve previously unsolvable problems related to world hunger, disease, and space colonization.
Arvind Krishna’s leadership approach at IBM involves streamlining the company’s portfolio, focusing on industry experience, technology, security, and more. IBM has formed new partnerships with companies like Salesforce, NVIDIA, AWS, and Honda to cover a wide range of industries and customer needs.
The AI Ecosystem Q1 2024 Report compiles the latest innovations, funding, and products in the AI industry. It provides insights on companies, investments, innovations, and solutions that will shape the future of AI.
Overall, the Think2024 conference highlights the growing impact of AI, GenAI, and Watsonx in transforming industries, workforce productivity, and collaboration within the technology ecosystem. Industry leaders like Arvind Krishna are driving innovation and strategic partnerships to shape the future of AI.
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https://accelerationeconomy.com/ai/on-location-at-think-2024-genai-innovation-ecosystem-partners-and-a-quantum-revolution/
