This episode of the AI Demystified for Executives podcast delves into Retrieval-Augmented Generation (RAG) and its strategic importance for businesses. It covers the components of a RAG system, various use cases such as enhancing productivity and speeding up onboarding, and the challenges and steps for implementation. Real-world examples, like Morgan Stanley's use of RAG, illustrate the potential benefits. Key points include vector databases, document processing, and hybrid retrieval approaches, alongside practical tips for evaluating and implementing RAG in enterprises.