Title

AWS re:Invent 2023 - How to accelerate business model transformation with generative AI (ENT237)

Summary

Ravi and Bhaskar from Persistent Systems discussed the use of generative AI (GenAI) in accelerating business models.
Persistent Systems is a 30-year-old company with a global presence, specializing in enterprise and digital transformation.
Gartner survey indicates significant CXO interest in GenAI, with potential for $2.5 to $4.5 trillion in business impact.
Key steps for leveraging GenAI include providing organizational clarity, identifying impactful use cases, preparing technology landscape and teams, and understanding risks.
Bhaskar, VP and CTO of Blast Motion, shared a case study on integrating AI into sports performance evaluation, offering personalized training insights.
Blast Motion uses Amazon Bedrock and Titan models for data analysis and has collected over 300 million swings to train their AI models.
Persistent Systems, as an AWS premier partner, has early access to AWS tools and funding for POCs and pilots, with 60 ongoing projects across industries.
They offer solutions like digital assistants for enterprise search, AI-assisted pair programming, accelerated legacy modernization, and industry-specific use cases.
Persistent Systems has seen a 40% improvement in developer productivity through their AI-assisted tools.

The adoption of GenAI is becoming a strategic priority for many organizations, with CXOs actively exploring and implementing AI-driven solutions.
Ethical, legal, and security considerations are paramount when integrating GenAI into business practices.
Data is crucial for GenAI applications, emphasizing the need for a robust data strategy and infrastructure.
Cross-functional teams and upskilling are essential for successful GenAI adoption, highlighting the importance of continuous learning and collaboration.
Partnerships with AWS and companies like Persistent Systems can provide businesses with the necessary tools, expertise, and financial support to innovate with GenAI.
GenAI has the potential to significantly improve productivity and efficiency in various domains, including software development and sports analytics.
The case study from Blast Motion illustrates the practical application of GenAI in providing personalized insights and transforming customer interactions in the sports equipment industry.
Persistent Systems' experience with AWS tools like CodeWhisperer and their proprietary solutions demonstrates the tangible benefits of GenAI in accelerating digital transformation and modernizing legacy systems.