At Provisions Group, we are thrilled to share the latest AI advancements announced at Microsoft's Ignite conference. As a trusted Microsoft partner, we are ready to leverage our AI expertise to help you transform your business and achieve unparalleled success. Here’s a closer look at the key announcements and how we can assist you in harnessing these innovations.
The Business Opportunity of AI: Insights from IDC
Microsoft's new study, The Business Opportunity of AI, conducted through International Data Corporation (IDC), highlights the rapid adoption and impressive ROI of generative AI (GenAI). GenAI usage has surged from 55% in 2023 to 75% in 2024, with companies seeing an ROI of $3.70 for every dollar invested. AI deployments are now taking less than eight months, with organizations realizing value within 13 months. Over the next 24 months, most organizations plan to advance from pre-built AI solutions to customized AI workloads.
Industry-Specific ROI and Productivity Gains
The study reveals that the highest ROI from generative AI is in the Financial Services sector, followed by Media & Telco, Mobility, Retail & Consumer Packaged Goods, Energy, Manufacturing, Healthcare, and Education. Notably, 43% of organizations report that productivity use cases have provided the greatest ROI. While productivity enhancements are the primary way organizations are monetizing AI today, the focus will shift to functional and industry-specific use cases in the next 24 months.
Overcoming Barriers to AI Implementation
Despite the promising ROI, the top barrier to AI implementation remains the lack of both technical and day-to-day AI skills. At Provisions Group, we are equipped to help you overcome these challenges with our deep expertise and comprehensive AI solutions.
New Tools and Services from Microsoft
To illustrate the transformative potential of generative AI in e-commerce product search, let’s look at some real-world examples and case studies where this technology has been successfully implemented.
Azure AI Foundry SDK and Portal:
Formerly known as Azure AI Studio, the Azure AI Foundry portal offers a robust suite of tools for developing and deploying AI solutions. We can guide you through leveraging these tools to build powerful AI applications.
Azure AI Agent Service:
This new service provides advanced capabilities for creating intelligent agents that can automate complex tasks and workflows. Our team can help you integrate these agents into your operations for maximum efficiency.
AI Reports and Risk Evaluations:
Microsoft is enhancing its AI reports and introducing risk and safety evaluations for image content. We can assist you in implementing these evaluations to ensure secure and reliable AI deployments.
Azure AI Model Catalog:
The catalog is expanding to include the latest AI models from leading innovators like NTT DATA (generally available) and Bria AI (in preview). We can help you select and implement the most suitable models for your specific needs.
Azure AI Search Updates:
In preview, these updates will enhance retrieval augmented generation (RAG) performance. New features like query rewriting and semantic ranking, powered by upgraded language models, will improve app experiences. We can support you in utilizing these updates to create more effective AI applications.
Azure AI Content Understanding:
This new AI service, currently in preview, helps developers build and deploy multimodal AI apps more efficiently. It leverages generative AI to extract information from unstructured data into customizable structured outputs. With pre-built templates and a streamlined workflow, Azure AI Content Understanding supports use cases such as call center analytics, marketing automation, and content search. By processing data from multiple modalities simultaneously, it reduces the cost of building AI solutions without requiring specialized AI skills, while maintaining high security and accuracy. We can help you implement this service to enhance your data processing capabilities.
Partner with Provisions Group for AI Success
At Provisions Group, we are committed to helping you navigate the complexities of AI implementation and achieve your business goals. With Microsoft's latest AI innovations and our expertise, you can unlock new levels of productivity and innovation. Contact us today to learn how we can support your AI journey and transform your business for the future.
