Insights Generative AI How to spot opportunities in your business to use AI
Generative AI
Sep 20, 2024

How to spot opportunities in your business to use AI

AUTHOR

James Wondrasek James Wondrasek
How to spot opportunities in your business to use AI

Before we go over the 5 main interfaces where AI might help your business, let’s talk about the two kinds of AI.

The two kinds of AI – Generative and Predictive

Generative AI is the AI like ChatGPT, Claude and Gemini that everyone has been excited about for the last year/18 months. They are Large Language Models (LLMs). They’ve been trained on a vast amount of text (web pages, books, video and podcast transcripts, etc) and they work by being fed text in, like a question, and they output text in response. They are specialised for working with text and so human languages. They are bad at working with numerical data.

Predictive AI is what we used to think of as AI – neural networks, crunching lots of numbers, and making predictions like which customer is going to miss a credit card payment. 

Both Generative AI and Predictive AI are built using the same principles and same key software components, but they have different purposes.

For this article we are going to only look at Generative AI.

Now back to business and where to implement Generative AI, which we’re going to call Gen AI for the rest of the article to save on typing.

Where your customers reach out to your people

Where your customers reach out to your people

This is already one of the most popular points to use Gen AI. This is where chatbots live. The reason to implement Gen AI is because you want to either reduce resources or increase opportunities to provide information to current and potential customers.

It’s also where you can use Gen AI to implement smart filtering or triage of customers looking to buy or looking for support.

And it’s where you can use Gen AI to streamline information gathering on customers through conversational style interfaces that can better handle the trickiness of talking to people while providing a better experience than a lengthy form.

Where your people reach out to your customers

Where your people reach out to your customers

This interface is predominantly sales and marketing related:

Imagine never again sending an auto-response email that says “Do not respond to this email”, but instead turning email into new “chat interface” for your customers to interact with your business.

Where your customers interface with your business systems

Where your customers interface with your business systems

We hinted at this above in the “email as chatbot interface” line above. But this interface covers opportunities for using Gen AI for:

Inhouse – Between your people

Inhouse - Between your people

This interface is full of opportunities and possibilities for growth, flexibility and efficiency. Doing a deep-dive on how your business functions and where expertise sits in your processes will uncover lots of places where you can:

Inhouse – Between your people and your systems

Inhouse - Between your people and your systems

Here is where your people are working with existing inhouse and third party systems. Gen AI can be used to boost quality of execution and, depending on the process, also reduce the time spent. 

The kind of processes that Gen AI can be applied to at this interface include:

The 3 major Gen AI approaches

Across the 5 major interfaces we covered, all the options to apply Gen AI are covered by only 3 approaches:

  1. Automate/Augment an interaction
  2. Automate/Augment the process of an interaction 
  3. Automate the artefacts an interaction produces (meeting notes, contracts, sales orders, product configurations, etc.)

When you’re looking at implementing Gen AI to support or automate an interaction or process, these are the three opportunities you should be looking for at each step.

Getting started implementing Gen AI

Implementing Gen AI in your business can start small. Process support is a great place. After chatbots, the key tool in Gen AI is called RAG – Retrieval Augmented Generation. This is often marketed as “Chat with your documents”. 

You can use RAG to give access to knowledge that might be in your SOPs (presuming these are in Word docs, Google Drive or similar) or in your product manuals or in years of client emails.

NotebookLM is Google’s version of this if you want to try it with a test case. Both OpenAI and Anthropic let you upload documents in their chat interfaces and ask questions about them.

A step beyond “Chat with your documents” is creating workflows that incorporate Gen AI. Dify.ai is a good place to start with this. It has a simple visual interface and it lets you easily build RAG-based chatbots that you can embed in your website if you want to try that approach. It has lots of other features and applications worth investigating.

For more advanced workflows there is n8n, and the incumbent workflow automation services – Make and Zapier – also offer Gen AI features.  

Conclusion

We hope this short guide has given you the necessary guidance on how to look at your business and how to look at your processes to find where you can take advantage of Generative AI. 

Doing is understanding. So start small – add Gen AI to a single step in a single process – and grow out from there. We find the more you use Gen AI, the more you find ways to use Gen AI.

AUTHOR

James Wondrasek James Wondrasek

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