2 Sources
[1]
GenAI's Year Three: Solution Providers Zero In On ROI, Industry Use Cases
Even when an AI solution reaches the production stage, that doesn't mean the work is done. Here is how six key players are stepping up and standing out. In the third year since OpenAI's ChatGPT ushered in this era of generative artificial intelligence, users no longer see the technology as a shiny
[2]
NTT Data CDAO: C-Suite Leaders Have 'Angst' About GenAI, Still Go Full Throttle | PYMNTS.com
Enterprises are accelerating their adoption of generative artificial intelligence (GenAI) at scale to gain a competitive advantage, especially in light of productivity and efficiency benefits across industries. But C-suite leaders also face a thorny dilemma: How to innovate fast and yet do it
Share
Copy Link
As generative AI enters its third year, solution providers are shifting focus to ROI and industry-specific use cases. C-suite leaders are balancing rapid innovation with responsible implementation, while AI agents emerge as the next big trend.

As generative AI (GenAI) enters its third year since the launch of ChatGPT, the technology landscape is evolving rapidly. Solution providers are now zeroing in on return on investment (ROI) and industry-specific applications, moving beyond the initial excitement of AI as a novel technology
1
.Nidhi Srivastava, VP and global head of AI Cloud offerings at Tata Consultancy Services (TCS), notes a significant shift: "There is this whole shift in stance from the world of use cases to the world of business cases"
1
. This pragmatic approach is driving the development of AI solutions tailored to specific industries and job roles.Solution providers are focusing on creating AI tools customized for various sectors:
Manufacturing: TCS has developed an agent assistant for plant operators, offering machine troubleshooting in local languages. This solution reduced machine downtime by 5% for a large chemical plant customer, resulting in millions of dollars in savings
1
.Healthcare and Life Sciences: HCLTech is seeing early traction in these sectors. Shrikanth Shetty, HCLTech's chief growth officer, emphasizes the need for AI tailored to industry-specific regulations like HIPAA
1
.Pharmaceuticals: HCLTech offers solutions to speed up clinical trials and regulatory approvals by summarizing information for federal audits and internal reviews
1
.Andrew Wells, chief data and AI officer at NTT Data, predicts that AI agents will be "the next big wave" in the industry
2
. These agents, more advanced than chatbots, can perform multistep tasks autonomously. Wells expects to book $2 billion in revenue for NTT Data's Smart AI Agent tool by 20272
.While enterprises are accelerating GenAI adoption, C-suite leaders face a challenging balance between rapid innovation and responsible implementation. Wells describes the "angst" among CEOs and CIOs: "I need to run fast. We need to drive business results, but I've got to do it in a secure, responsible way"
2
.Despite these concerns, executive enthusiasm for GenAI remains strong. An NTT Data survey revealed that 97% of CEOs see GenAI having a "material impact" on their operations, with 70% expecting significant transformation in 2025
2
.Related Stories
To tackle issues like hallucinations and ensure accuracy, solution providers are implementing various strategies:
2
.2
.2
.The pressure to adopt GenAI is intense, with 60% of executives planning to innovate first and ensure responsible deployment later
2
. Wells emphasizes, "The people that run to AI and start using these tools are going to be the ones that capitalize on them best. The ones that don't use it are going to be the ones that get left behind"2
.As GenAI continues to evolve, solution providers are playing a crucial role in helping businesses navigate this complex landscape, balancing innovation with responsibility to unlock the technology's full potential across various industries.
Summarized by
Navi
1
Science and Research

2
Policy and Regulation

3
Technology