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EY-Parthenon professionals recognize that CEOs and business leaders are tasked with achieving maximum value for their organizations’ stakeholders in this transformative age. We challenge assumptions to design and deliver strategies that help improve profitability and long-term value.
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As companies consider the investments required to build AI capabilities tailored to their business needs, leaders face significant choices and challenges in their GenAI strategy. These include whether to use open-source or proprietary large language models (LLMs) for their AI systems, and whether to build, buy or partner on their AI systems. Many businesses may claim they have AI experience, but 55% of CEOs agree it’s hard to identify credible partners or acquisition targets.
A key differentiator for the C-suite will be the proprietary data, gathered from across the enterprise, used to train and enrich LLMs. CEOs need to prioritize a robust data strategy in their GenAI-driven business transformation.