Inside 2024’s most innovative companies in the enterprise sector

For a little over a year, consumers and businesses alike have been fascinated by the possibilities of generative AI. With customers already familiar with the fluency of conversational tools like ChatGPT, software companies are working to develop AI into a robust business tool. Part of the challenge is packaging the new technology—with a reputation for sometimes giving incorrect answers and behaving unpredictably—into a form suitable for the lucrative but conservative enterprise market.

“There’s probably a lack of trust in the algorithms themselves,” says Iavor Bojinov, assistant professor at Harvard Business School. “People don’t really understand what these algorithms are doing.”

Companies also have concerns about potentially biased data used to train AI systems, and whether copyrighted work used in training can be regurgitated in the output, potentially exposing users to liability. As with all cloud-based systems, big companies also have concerns about security, and a desire to understand and control what sensitive data is shared with the systems. And there are simply questions about how to integrate AI platforms with existing processes, workflows, and company data.

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