The growing adoption of AI and large language models (LLMs) by businesses presents both opportunities and challenges, but a new platform aims to simplify the process and drive innovation.
Enhancing workflows with AI: TCS’ new AI platform, WisdomNext, is designed to enhance business workflows and processes by aggregating multiple Generative AI services into a single interface:
- The platform enables rapid adoption of next-gen technologies at scale and lower costs within regulatory frameworks, allowing for real-time experimentation across vendor, internal, and open-source LLMs.
- It provides industry-specific business solution templates and productivity enhancers to assist with automating routine tasks, enhancing decision-making, streamlining communications, and improving compliance and risk management.
- WisdomNext acts as a “playground” for AI experimentation, democratizing AI and simplifying the design of new business solutions using Gen AI tools.
Addressing implementation challenges: Businesses face significant challenges when attempting to implement AI solutions, including understanding which LLM is best for their needs, the high cost and time-consuming nature of the process, and the need for talent transformation:
- A recent TCS study found that while business executives are generally positive about the impact of AI, they are less certain about the path to transformation.
- WisdomNext helps overcome these challenges by offering a platform for rapid experimentation with the latest AI technology in both an advanced and easy-to-use format.
- The platform’s “Advanced Comparator” feature helps compare different foundation models for performance, quality of response, and cost, aiding customers in making informed decisions when choosing an LLM.
Evaluating LLMs for specific applications: The WisdomNext platform’s Advanced Comparator feature helps organizations compare multiple GenAI models based on quality of response, cost of queries, and response time:
- This enables businesses to make more informed decisions about the AI they are using.
- The platform also provides recommendations and scenarios designed to help businesses optimize Gen AI running costs using the platform’s native intelligence.
Driving business innovation with AI: AI technologies can help drive business innovation by unlocking the full potential of data through analytics and driving greater business efficiencies:
- The WisdomNext platform, with its blueprints for various business use cases, can help organizations reimagine existing processes using AI-enabled insights to create new personalized products and services.
- It can also improve the efficiency of process compliance, helping organizations gain a competitive edge.
Broader implications: As businesses increasingly adopt AI and LLMs, platforms like WisdomNext have the potential to simplify the implementation process and drive innovation across industries. However, it remains to be seen how effectively such platforms can address the complex challenges associated with AI adoption, including data privacy, security, and ethical concerns. As the AI landscape continues to evolve rapidly, businesses will need to carefully evaluate their options and develop comprehensive strategies to leverage these technologies while mitigating potential risks.
How to pick the best Large Language Model for your business needs? We asked an expert.