Generative AI took the spotlight in 2023, with tools like ChatGPT being implemented by individuals and businesses across various sectors for tasks like information processing and content generation. Our internal study revealed a productivity boost of 62% and saving 26 hours per week by using Generative AI.

A Gartner study conducted in Q3 of 2023 showed a significant increase in the adoption of Generative AI, with 45% in pilot mode and 10% already deploying solutions.

Increased regulatory attention is being given to Generative AI globally due to concerns about bias and privacy. Companies need to prioritize AI governance training to assess risks and ensure responsible use.

Generative AI grabs simultaneous global regulatory attention

Regulatory bodies globally are taking proactive steps to address AI governance gaps, with initiatives like the forthcoming EU AI Act and governance frameworks in ASEAN countries.

A new marketplace emerges

Open AI’s Custom GPT Marketplace in 2024 will boost Generative AI usage, allowing customization of GPTs while raising concerns about IP, copyright, security, and privacy.

Emerging data professionals: New competencies required

As AI deployment increases, the role of data governance professionals is evolving. AI governance training is crucial, with courses like the Advanced Certificate in Generative AI, Ethics, and Data Protection becoming essential.

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This article was first published on March 4, 2024

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