Thinking

How Generative AI is revolutionising the media and information services industry

Written by Ben Lover | November 26 2024

In the fast-evolving media and information services industry, Generative AI (GenAI) is more than just a buzzword—it’s a game-changer. With the ability to revolutionise customer and employee experiences, drive hyper-personalisation, streamline operations, and enhance data-driven decision-making, its potential is immense. Yet, many organisations struggle to harness GenAI effectively, unsure of where to start or how to ensure it delivers real value. That’s why understanding the ‘why’ behind your GenAI initiatives is critical. So, how can businesses identify the best opportunities with Generative AI and align their investments with their unique strategies?

Defining the ‘why’ behind Generative AI

Businesses need to start with a clear understanding of the purpose behind their Generative AI initiatives, aligning them with business objectives. The most successful implementations start by identifying specific challenges or opportunities that GenAI can address, rather than chasing trends.

How to identify and prioritise opportunities with Generative AI

Prioritise the customer experience with Generative AI

Every Generative AI initiative should enhance how you serve your customers. GenAI is not just about automating processes or cutting costs—it’s about creating better, more personalised experiences for your customers. In the media and information services industry, this could mean hyper-personalised content recommendations that keep audiences engaged, dynamic ad-targeting that optimises campaign performance, or predictive analytics that help you anticipate customer needs. GenAI-powered digital assistants can provide 24/7 support, while real-time data analysis can help businesses understand individual customer preferences, behaviours, and history. This enables businesses to deliver tailored product recommendations, personalised support interactions, and engaging experiences, that foster stronger relationships and drive lasting customer loyalty. But it’s important to remember that GenAI is a tool to augment human capabilities, not replace them. The human touch—empathy, understanding, and nuanced judgement—remains irreplaceable, especially in complex or sensitive customer interactions.

Transform employee experience: Empowering teams with Generative AI

One of the biggest mistakes companies make when implementing Generative AI is trying to do too much, too soon. Conversely, many also suffer from GenAI paralysis and pilot paralysis, overwhelmed by the potential of GenAI and unsure where to start or unable to scale beyond the test stage. In all cases, we recommend starting with a focused, localised approach. This means assessing the specific needs of each department within your business and identifying how Generative AI can empower your employees to be more effective and more productive which results in better customer outcomes.

For instance, your sales team might benefit from GenAI tools that streamline the sales process, helping them respond to customer needs more quickly and identify cross-sell or up-sell opportunities. Meanwhile, your finance department could use GenAI to automate repetitive tasks like contract creation or payment reconciliation, freeing up time for more strategic work. By starting small and focusing on the unique needs of each department, you can build a solid foundation for GenAI success and gradually scale your efforts across the organisation.

Address Generative AI ethical and security concerns

The rapid evolution of GenAI raises concerns about ethics, data security, regulation, and societal impact, particularly in media and information services, where integrity is key. These issues need to be addressed to build trust and ensure responsible use of GenAI. To overcome these fears and fully harness the potential of GenAI, businesses need to focus on education and change management. Establishing a culture of continuous learning to keep up with the fast-paced advancements in GenAI is essential. This includes providing training and resources to employees to help them understand and use GenAI effectively. Developing a clear vision and strategy for integrating GenAI into the business is also crucial. This involves prioritising Generative AI use cases that align with the company's goals and testing solutions to ensure they deliver value. Setting up structures to support ongoing improvement and skill development is necessary. This includes creating a modern job architecture that provides clear career paths and opportunities for growth.

Creating cohesive GenAI solutions across your organisation

Once you’ve successfully implemented Generative AI in one department, it’s time to expand your vision. Build upon these initial successes to create a cohesive, efficient, and seamless end-to-end solution that spans across departments. This is where the real power of GenAI comes into play—when a strategic end-to-end workflow has been designed across departments. For example, after using GenAI to enhance a sales team, you might explore how it could predict customer churn, helping the team to take proactive steps to retain customers. Or, you could use GenAI to optimise the way you market, package and price your products such as events and digital content, ensuring you have the right products to meet the wants and needs of your customers. The possibilities are endless, but the key is to start small, learn from your initial efforts, and then scale up.

Clarasys: Putting the why into GenAI

At Clarasys, with our deep expertise in media and information services, we help organisations navigate the complexities of Generative AI by focusing on the why. Why do you need GenAI? What specific problems are you trying to solve? How will GenAI improve the customer experience? These are the questions we help our clients answer before diving into GenAI implementation.

We believe that GenAI should be a means to an end, not an end in itself. By starting with a clear understanding of your business goals and customer needs, we can help you design GenAI solutions that deliver real, measurable value. Whether you’re looking to improve customer service, streamline operations, or drive innovation, we’ll work with you to develop a tailored GenAI strategy that aligns with your overall business objectives, building from the bottom up.

GenAI with purpose

GenAI is a powerful tool, but its true potential can only be realised when it’s implemented with purpose. We help organisations bring the why into GenAI, ensuring that every GenAI initiative is designed to enhance the customer experience and deliver real business value. By starting with a focused, localised approach and expanding your vision over time, you can harness the power of GenAI to transform your business and create lasting impact.

If you’re ready to explore how GenAI can help your media and information services organisation, get in touch with us today. Let’s start by asking the right questions and building a strategy that puts your customers at the heart of every GenAI initiative.