This lecture is from the course Generative AI for Business.
Uncover how economic models can help you understand the potential business impact of AI and shape your AI strategy.
We explore the challenges of understanding the business impact of AI in terms of innovation, and uncertainty, weighing the pros and cons of in-house discovery versus learning from others experiences.
With the democratisation of AI through user-friendly interfaces like ChatGPT, businesses face new opportunities for collaborative innovation but also increased complexity in decision-making.
Discover how these economic frameworks can guide your company's approach to leveraging AI for competitive advantage in a rapidly evolving technological landscape.