Enterprise LLM Strategy

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An Enterprise LLM Strategy is an enterprise strategy that is an LLM strategy.



References

2023

  • https://www.turing.com/resources/is-large-language-model-strategy-worth-considering-for-enterprises
    • NOTES:
      • Large Language Models (LLMs) are being increasingly adopted by enterprises to gain a competitive edge, with the global LLM market expected to reach $40.8 billion by 2029.
      • Key LLM use cases for enterprises include customer support, marketing automation, business analytics, personalization and recommendation systems, and application development.
      • Benefits of LLM implementation include increased operational efficiency, reduced costs, improved decision-making, and advanced innovation.
      • Challenges in LLM integration include costs and computational resources, integration with legacy systems, data security and privacy concerns, and a shortage of technical expertise.
      • Building an effective enterprise LLM strategy involves identifying the right use cases, building a robust framework, starting with a pilot project, implementing continuous iteration, and partnering with an LLM vendor.
      • Enterprises should conduct a comprehensive feasibility study to understand the potential opportunities and integration requirements before deciding to integrate LLMs into their business processes.