Pathways to GenAI for Tech and Manufacturing Businesses: a Masterclass
Ask yourself: How good is my data and where is it stored? how can I safely use GenAI? What does it mean for my business model?
Ask yourself: How good is my data and where is it stored? How can I safely use GenAI? What does it mean for my business model?
Data is the fuel that powers the engine of artificial intelligence (AI). Without data, AI tools cannot learn, improve, or adapt to new situations and challenges. Therefore, as a small or medium-sized enterprise (SME) technology or manufacturing business, you need to have a clear and effective data strategy that aligns with your business goals and enables you to leverage the potential of AI.
Location: Online via zoom
Date: 4 September
Time: 8:30am to 10:30am (AEST)
In this masterclass you will hear from a panel of data and AI experts who will take you on a practical journey covering topics such as:
Why putting your data together on a modern data platform is good for business
Data discovery – the importance of the data audit and how to get started
How to diagnose your pain points to apply GenAI
The GenAI tools and applications landscape and what you need to know
Why you need a data strategy and AI adoption strategy to future-proof your business
How to get hours back in your day! Examples of using GenAI for competitive advantage and productivity gains
Building an AI data moat as a competitive advantage
How the Australian Manufacturing Capability Network (AMCN) can help you on your journey.
A data strategy is a plan that outlines how you collect, store, manage, analyse, and use data to create value for your customers, employees, and stakeholders. A data strategy can help you:
- Identify the most relevant and useful data sources for your business problems and opportunities
- Ensure the quality, security, and privacy of your data
- Choose the best tools and platforms for storing, processing, and accessing your data
- Define the roles and responsibilities of your data team and stakeholders
- Establish the metrics and indicators to measure the impact and performance of your data initiatives
- Align your data activities with your business vision, mission, and values
Having a data strategy is especially important if you want to use Gen AI tools, which are AI tools that can generate novel and diverse solutions for complex and creative tasks. Gen AI tools can help you:
- Design new products and services that meet the needs and preferences of your customers
- Optimise your production processes and reduce costs and waste
- Enhance your innovation capabilities and competitiveness
- Adapt to changing market conditions and customer demands
- Discover new insights and opportunities from your data
However, to use Gen AI tools safely and effectively, you need to ensure that your data is reliable, relevant, and representative of your problem domain. You also need to understand the strengths and limitations of Gen AI tools, and how to evaluate and validate their outputs. Finally, you need to consider the ethical and legal implications of using Gen AI tools, and how they affect your business model and value proposition.
