Leveraging Generative AI for Business Impact: Insights from AI Summit 2024

In the past year, corporate awareness and initiatives towards Generative AI have significantly advanced. The application of Generative AI has moved beyond proof-of-concept and validation stages to a phase where creating a business impact is imperative.

As many companies consider the full-scale implementation of Generative AI, challenges such as talent shortages, lack of expertise, and AI risk management have emerged.

The 2024 AI Summit aims to chart a course for achieving results through the full-scale adoption of Generative AI. It will reveal practical approaches to leveraging (utilization) and safeguarding (risk management) Generative AI, as well as pioneering efforts and specific use cases across various industries.

Session 1: Business Transformation with Generative AI The focus of Generative AI application has shifted from cost reduction and operational efficiency to creating new value. How should companies transform their business models and adopt Generative AI to enhance their top line?

This keynote session at AI SUMMIT 2024 will feature the Japan Chief Data Officer of the Year 2023 from Mitsui Chemicals, Mr. Sanpei CDO, and management scholar Mr. Iriyama. They will discuss manufacturing industry trends and use cases for Generative AI, delving into the essence of purpose-driven corporate applications aligned with management strategies.

Session 2: Generative AI Business Use Case In the compliance-focused financial sector, how is Generative AI being utilized in 2024? This session will introduce advanced use cases from the securities industry, outlining the process from validation to effect creation and sharing concrete examples of visions for further impact expansion.

The session will explore approaches to Generative AI application, including talent development, changes in work styles and mindsets, and the establishment of rules and governance necessary for practical implementation.

Session 3: AI Risk Management and Innovation What methods can resolve the risks associated with Generative AI use and the challenges of AI governance from both regulatory and technological perspectives?

Global discussions on Generative AI regulation and AI governance rules are ongoing among leaders from international organizations, corporations, governments, and academia.

This session will feature Mr. Sudo, active in AI governance at the forefront of academia, including the OECD, and Mr. Oshima, responsible for policy and legal affairs at Microsoft Japan. They will discuss the latest global trends in Generative AI regulation and provide insights on how Japanese companies should proceed with AI regulation compliance.

Additionally, the session will introduce technology trends that companies should watch in 2024, such as “RAG (Retrieval Augmented Generation)” for hallucination countermeasures and “MoE (Mixture of Experts)” for AI functionality enhancement.

Session 4: The Future of Generative AI and Human Creativity The rapid and global spread of Generative AI has transformed the once niche issue of “human-centered AI” into a macro agenda of interest to humanity.

Special guests Mr. Tanaka, representative of LinkedIn Japan, and Mr. Kudan, recipient of the 170th Akutagawa Prize for his work involving Generative AI, will discuss the future of human creativity, work, productivity revolution, and AI talent development in the era of Generative AI.

Event Details: Date & Time: June 18, 2024, 15:00-18:15 JST Format: Online Registration Fee: Free Organizer: Forbes JAPAN Special Sponsor: PwC Japan Group Contact: Forbes JAPAN Event Office - [email protected]

Source: Forbes Japan