Generative AI refers to algorithms that generate content, such as images, text, or music, based on patterns and examples from existing data. It uses techniques like neural networks to produce novel and often realistic outputs, making it useful for tasks like creative content generation, data synthesis, and simulation.
AI has already begun transforming companies and organizations across different industries. About 80% of leaders use AI technology for business strategies and decisions. As a business executive, consider capitalizing on this technology for business optimization.
Admin functions are repetitive, routine non-core tasks you can automate using AI tools without compromising their efficiency and productivity. Meanwhile, you can focus on your core competencies—that is, making money and growing your business.
Generative AI, such as ChatGPT (article creation), Magenta (audio production), and DALL-E (image generation), can help you create content for marketing and advertising. Create content from scratch, such as blog outlines and ad copies
AI-powered software applications reduce manual work, accelerate processes, and improve productivity. Acumen and Research Consulting predicts the global automation software market to grow from $19.9 billion in 2021 to $76.4 Billion by 2030 at a 16.5% CAGR.
NLP model enables generative AI to interact with humans and generate content. Think of AI-powered chatbots answering simple questions and ChatGPT producing content for you.