Artificial intelligence tops list of emerging technologies
“The real area of innovation and investment right now is around automation capabilities, largely driven by the new promise of artificial intelligence,” McKinnon said. “AI has been coming into this market for a number of years, helping us with things like grabbing useful data out of static content types, moving into things like automated categorization. Now, we’re really seeing the promise of helping us create content, to summarize it, to transform it from one type to another. I think we’re on the brink of some really interesting and exciting opportunities here.”
Generative AI topped Forrester’s list of emerging technologies for 2023. The research and advisory firm defines generative AI as a “set of technologies and techniques that leverage very large corpuses of data, including large language models like GPT-3, to generate new content.”
As enticing as it might be to spend just a few minutes on a task that used to take hours, there are risks to the technology. AI is “a tool that still needs to be in the hands of the subject matter expert,” McKinnon said.
Forrester lays out some of the risks in its “Four M's” of workplace AI:
- Multiplier: AI generates massive scale improvements measured by orders of magnitude.
- Magic: AI shocks employees with its insights and performance compared with human labor.
- Mistakes: AI causes real harm to customers and processes when used without humans in the loop.
- Mayhem: AI goes outside of its training to generate hallucinations.
AI can be very valuable — Forrester predicts that it will have “direct and measurable business benefits in less than two years” — but it requires strict oversight.