The AI Summit New York: gain insights on real-world applications of AI

Suman Giri, Vice President and Head of Data Science and Machine Learning at Pfizer, explained how AI is redefining his sector. He highlighted diverse use cases, such as the design of drug trials and molecules in research and development; the optimization of quality management and compliance in manufacturing; and the enhancement of personalization for patients in sales and marketing. He noted that organizations often lack a strategy for unstructured data and are cautious about investing in platforms that may soon become outdated, while upskilling talent and managing change remain significant hurdles. To address these challenges, he says, “Organizations should focus on three key areas: data set, mindset and skill set.”

With assistance from an EY team and Microsoft, Conagra is using a GenAI solution to create advertising typically seen at major retailers and e-commerce websites. Previously, the agriculture giant worked with agencies to develop and execute ad concepts, a process that could take 190 to 220 days — from initial drawings to the final product. By leveraging GenAI platforms, Conagra is now saving up to $1 million. Rahul Sualy, Senior Director of Information Technology at Conagra, says the company could have generated its own solution, but collaboration yielded a better result. “EY brought the machine learning expertise and Microsoft brought Azure, and the cross-collaboration enabled us to work faster with a more robust solution,” he says.

At AI Summit New York 2024, EY led the conversation on AI innovation, business transformation, and responsible AI. Hear from EY leaders on AI’s impact across industries and the future of enterprise technology.