Great observations from ShiSh S. on the Menlo Ventures report: The State of Generative AI in the Enterprise. Interest in Agentic AI solutions continues to soar.👇🏼 The first of three predictions in the Menlo Ventures report (see link below for the complete report) is: 💡 Agents will drive the next wave of transformation Agentic automation will drive the next wave of AI transformation, tackling complex, multi-step tasks that go beyond the capabilities of current systems focused on content generation and knowledge retrieval. Platforms like Clay and Forge foreshadow how advanced agents could disrupt the $400 billion software market—and eat into the $10 trillion U.S. services economy. This shift will demand new infrastructure: agent authentication, tool integration platforms, AI browser frameworks, and specialized runtimes for AI-generated code. Also, congratulations to Amit Shah, Sumantro Das, and the Instalily AI team on the callout below! #startups #artificiallinteligence #generativeai
Global Retail Startups Lead | Top AI Leader 2024 | Top Retail Expert 2024 | Top 100 Retail Technology Influencers | Advisory Board | Public Speaker
I love the level of detail in the Menlo Ventures report: 2024: 𝐓𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞: https://lnkd.in/gBSWQ4_d Here are some of my observations from working at the intersection of #Startup and #Enterprise #Innovation, where Microsoft for Startups helps enterprises enhance and speed up their in-house innovation using cutting-edge technology from #startups: ➡️ Today, 60% of enterprise generative AI investments are from innovation budgets, indicating early adoption. Many of the #GenAI engagements that Microsoft for Startups is seeing is indeed through Innovation teams at Enterprises. ➡️ Support chatbots, with 31% enterprise adoption, offer reliable, 24/7, knowledge-based support for both internal employees and external customers. We have seen engagement with Quiq, SleekFlow, AUI™ (Augmented Intelligence), D-ID, DeepBrain AI ... ➡️ Enterprise search and retrieval (28%) and data extraction and transformation (27%) highlight a strong commitment to unlocking and utilizing valuable knowledge stored in organizational data silos. We are seeing a lot of interest in #Startups that are focused on making data available to LLMs like unstructured.io, Nimble , Dataloop AI, LangChain, Pinecone and Osmos ... ➡️ Agentic AI is indeed gaining a lot of interest and momentum with startups like AUI™ (Augmented Intelligence), Instalily AI, AI Sales Genio, Implement AI, Numorpho Cybernetic Systems (NUMO), Korvyn, SimpliContract, Coworked (Techstars '24), OneAdvisor.ai ... ➡️ The report indicates that when deciding to build or buy, companies reveal a near-even split: 47% of solutions are developed in-house, while 53% are sourced from vendors. We do see startups being used within the build process to accelerate or augment the work. ➡️ The report does not cover the #Retail and #CPG sectors where I specifically focus and have seen momentum with these #GenAI startups: Fashable, Haut.AI , Getbee, dSilo.AI, CIPIO.ai, Typeface, BRIA AI, SimpliContract, Harmonya, Omnistream, Indellia ... (in addition to the ones mentioned above) #GenerativeAI #AI #LLM #Retail #RetailTech
That's a fascinating insight! It's exciting to see how these advanced agents can revolutionize various industries and drive significant efficiency gains.
Thank you Jon Suarez-Davis (jsd) for the shout-out and couldn’t be more excited to be in this journey together!!👏🚀
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1wLink to Menlo Ventures report: 2024: 𝐓𝐡𝐞 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐀𝐈 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 https://menlovc.com/2024-the-state-of-generative-ai-in-the-enterprise/