Go From Information to Knowledge with GenAI 

By Rocket Software

3 min. read

In today’s digital world, businesses are searching for ways to transform vast amounts of information into actionable knowledge. The key to unlocking this potential lies in Generative AI (GenAI) - a technology that enables organizations to extract insights, streamline workflows, and enhance decision-making.

The challenge of managing information overload

Business users spend a significant portion of their workweek searching for, organizing, analyzing, and acting on endless streams of information to meet operational demands. This challenge is only growing as organizations experience an exponential increase in data that must be captured, stored, managed, and accessed efficiently.

To improve efficiency and productivity, businesses rely on content management systems, packaged applications, and homegrown solutions to streamline how they create and manage information. These applications are essential for automating critical business processes, particularly those involving large volumes of transactional content - such as business contracts, account statements, and text embedded in transactions like work item summaries.

Beyond transactional data, organizations must also manage a vast array of supporting business documents, including technical manuals, industry-specific regulations, and other essential directives. As data availability expands, companies recognize that leveraging all forms of information to drive insights is key to staying competitive, fueling the demand for more innovative solutions.

 

The rise of generative AI in business

Generative AI (GenAI) and conversational AI experiences are revolutionizing how users, software architects, and industry executives engage with data.

For business users, GenAI enables more natural and intuitive interactions, reducing the effort required to process information while generating new insights for both internal operations and customer-facing processes.

Software architects and technology teams benefit from simplified data processing pipelines, which require less maintenance and allow for faster innovation cycles.

At the executive level, GenAI is driving next-generation business transformation, enabling organizations to differentiate themselves and create new growth opportunities. Investors and industry leaders alike recognize the potential of AI to convert traditional information into actionable knowledge, unlocking greater business impact across industries.

Comparing traditional vs. GenAI approaches

The table below summarizes the stakeholder impacts of integrating GenAI to create information experiences. 

StakeholderTopicTraditional GenAI 
Users Inquiry

Search queries 

  • Arcane syntax
  • Needed user precision - exact words for key matching required  

Natural language prompt 

  • “Just ask” – simplifying user training
  • Bring greater nuance to target outcomes  
Users Insights 

Results list

  • Users must often read large lists of information to derive insights
  • Users must refine inquiries and know exact words for key matching 

Answers with references

  • “Just ask” – simplifying user training
  • Bring greater nuance with statistical insights and conversations, over a broader set of related information 
Architects / EngineeringData Processing 

Structured indexing

  • Requires precise data structures known ahead of time
  • Manual and expensive maintenance, leaving orphaned data that is hard to manage 

LLM vectorization

  • Delivers post-hoc relationships without naming specific indexes
  • Greater automation that matches concepts and meaning, making it easier to find “a needle in a haystack” 
Architects / EngineeringPace of innovation

Mobile & cloud datastores

  • Nearing apex of innovation in scaling down (mobile) and up (cloud) traditional databases
  • Not many low hanging fruit opportunities 

Mobile, cloud, and local LLMs

  • Many innovative options that match various on premise, local device/data center, or cloud use cases
  • Numerous models and use cases existing and emerging 
ExecutivesCompetitive differentiation

Incremental improvement

  • Differentiate by economizing org designs, cost improvements, and industry consolidation 

Next-gen transformation

  • Differentiate by modern products experiences and speed of operations with built-in efficiencies  
ExecutivesInvestment for growth

Limited growth levers

  • High capital investments with less market, brand, and scale impact 

Multiple times returns

  • Faster rewards from investors and market, brand transformation, and scale 

 

Enhancing content management with Rocket® Content Smart Chat, powered by GenAI

To further empower organizations in their data transformation journey, we offer Rocket® Content Smart Chat. This GenAI-powered conversational interface allows users to make natural language inquiries across various systems, simplifying access to critical data and content. By integrating seamlessly into your existing applications, Rocket Content Smart Chat enhances content management with AI-driven insights, streamlining operations and promoting informed decision-making.

Embrace the future of data management with Rocket Software's innovative solutions, and transform your information into actionable knowledge. Learn more by downloading the Smart Chat brochure or by talking to an expert.