Generative AI and the Future of Business

Generative AI Terms and Their Definitions

Before we dive into the benefits of generative AI for the enterprise, it's important to understand the key terms in this field:

  • Generative Adversarial Networks (GANs): A neural network framework used to generate new data similar to a given set of training data.
  • Natural Language Processing (NLP): A branch of AI that enables a computer to understand and analyze human language.
  • Large Language Model (LLM): A type of GAN that can perform NLP tasks, including generating text, and answering questions in a conversational manner.
  • Transformer Model: A neural network architecture that enables an LLM to process and learn from sequences of words, recognizing patterns and relationships within the text.
  • Pre-trained Model: A machine learning model created by an external developer, used to solve deep learning problems, and trained on a large dataset.
  • Domain models: Domain models combine the fluency and comprehensibility of emerging transformers with the domain-specific data and knowledge of an enterprise.
  • Fine-tuning: The process of taking a pre-trained model and adapting it to a specific domain by training it on a smaller dataset.
  • Hallucination: A situation where the LLM generates output that is not supported by the input data or is inaccurate.
  • Retrieval-based Large Language Model: An LLM that generates responses using integrated source information, including a company’s application data or a corpus of documents. These models address the shortcomings of traditional LLMs that generate incorrect answers if asked a question they haven’t been trained on.
  • Enterprise AI: Providing predictive insights to expert users for improving performance of enterprise processes and systems. (See What Is Enterprise AI?)
  • Generative AI for Enterprise Search – Leveraging generative AI’s intuitive search bar to access the predictive insights and underlying data of enterprise AI applications, improving decision-making for all enterprise users.


Why Is Generative AI Transformational for the Enterprise?