Nearly 9/10 executives consider investing in AI and data to be a top priority for their company. But 8/10 of those initiatives are likely to end in failure. In this post, we explore the key reasons behind...
Large Language Models and generative AI tools have transformed the way organisations bring order to the vast amount of online and offline data available. AI can narrow down this data universe to a concise...
Artificial intelligence (AI) offers an incredible amount of opportunity from enhancing productivity to managing information. But, because AI "learns" from the data you give it, it's critical to develop...
In consulting, every opportunity starts with a market trigger, whether it be a change in leadership, a new industry regulation or an unexpected shift in investor sentiment. These trigger events can open...
See how Nexis+ AI and Nexis ® Data+ help management consultants power faster research, credible insights, and compliant AI innovation. As a management consultant, data is your competitive edge. Whether...
Generative AI is widely predicted to transform almost every industry and use case, and companies spent more than $20 billion on the technology last year. But it also exposes these firms to new risks if not implemented strategically. In the first of two blogs in our ‘RAGs to Riches’ series, we will explain how the Retrieval Augmented Generation (RAG) technique enhances generative AI helps to mitigate these risks and deliver more accurate, relevant and trustworthy results.
Retrieval Augmented Generation (RAG) is a technique to enhance the results of a generative AI or Large Language Model (LLM) solution. Perhaps the best way to understand RAG is to first look at how generative AI traditionally works, and why that poses a risk to companies seeking to leverage the technology.
A typical generative AI tool which hasn’t been enhanced by Retrieval Augmented Generation will generate a response to a prompt based on its training data and continuous learning from prompts and responses to and from users of the tool. This brings four main risks, which limit the confidence a user can have in its use of generative AI’s outputs:
A Retrieval Augmented Generation technique is regarded as the best way to overcome these risks. This approach forces the generative AI tool to retrieve every response from authoritative and original sources, which supersedes its continuous learning from training data and subsequent prompts and responses. This contextual data will shape the response that is provided to the user based off exact source content in the dataset and can provide a citation within the response.
This brings two significant benefits to companies using generative AI solutions:
Using a Retrieval Augmented Generation technique for generative AI is only effective if the contextual data it brings in is accurate, trustworthy, and approved for use in generative AI tools. LexisNexis provides licensed content and optimized technology to support your generative AI and RAG ambitions: