Generative AI and LLMs in Industry: A text-mining Analysis and Critical Evaluation of Guidelines and Policy Statements Across Fourteen Industrial Sectors

• URL: http://arxiv.org/abs/2501.00957v3
• Date: Wed, 08 Jan 2025 16:07:35 GMT
• Title: Generative AI and LLMs in Industry: A text-mining Analysis and Critical Evaluation of Guidelines and Policy Statements Across Fourteen Industrial Sectors
• Authors: Junfeng Jiao, Saleh Afroogh, Kevin Chen, David Atkinson, Amit Dhurandhar,
• Abstract summary: The rise of Generative AI (GAI) and Large Language Models (LLMs) has transformed industrial landscapes. This study conducts a text-based analysis of 160 guidelines and policy statements across fourteen industrial sectors.
• Score: 8.420666056013685
• License:
• Abstract: The rise of Generative AI (GAI) and Large Language Models (LLMs) has transformed industrial landscapes, offering unprecedented opportunities for efficiency and innovation while raising critical ethical, regulatory, and operational challenges. This study conducts a text-based analysis of 160 guidelines and policy statements across fourteen industrial sectors, utilizing systematic methods and text-mining techniques to evaluate the governance of these technologies. By examining global directives, industry practices, and sector-specific policies, the paper highlights the complexities of balancing innovation with ethical accountability and equitable access. The findings provide actionable insights and recommendations for fostering responsible, transparent, and safe integration of GAI and LLMs in diverse industry contexts.

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