As founder of the Business Technology Roundtable, I can advise senior executives on rapidly emerging technologies and their potential impact on digital business transformation. One of the most significant and potentially disruptive technologies today is Generative Artificial Intelligence (GenAI). Powered by advances in machine learning, this technology refers to AI systems that can generate new content, such as text, images, audio, video, and more in response to prompts from humans. The pace of advancement in Generative AI has been astounding. Since the public release of ChatGPT in November 2022, tool capabilities have continued to grow at breakneck speed. Business interest has followed suit – attracted by the vast potential to drive efficiency, productivity, innovation, and digital business growth. However, along with the enthusiasm, important questions remain regarding effective adoption approaches, risk management, workforce retraining, and ethical implications. To better understa
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