OrangeDoor Blog: GENERATIVE AI: EXPLORING THE EVER-EVOLVING USE CASES AND POTENTIAL CONCERNS FOR BUSINESSES

Generative AI can help improve an individual’s decision-making by providing insights and recommendations based on the generated data gathered from very large datasets. Music, images, or text can be created by using pre-existing data which will enable creators to think “outside the box” and grow their portfolios. This can be especially useful for the music, production, design, and art industries. This request could be in the form of a text, an image, a video, a design or musical notes. AI algorithms generate content in response to the prompt which can be customised with feedback about the style, tone and other elements that the user wants to be adapted.

Dall-E 2 was released in 2022 and enables users to generate imagery in multiple styles driven by user prompts. Beyond the workshop, we’re ready to work alongside your teams to build working proofs-of-concept, MVPs, or engage in a strategic assessment to map out more complex use cases, roadmap, and business value statements. We’ll work together to navigate the complexities of Generative AI and deliver ROI through a strategy customised for your business.

Generative AI Models

In a more practical sense, these updates can make old documents or photos easier to read, analyze, and understand. Students can then gain a better understanding of these resources, leading to more learning. Generative AI can increase the resolution of old photos and videos, bringing historical resources to modern standards.

The teams that embrace AI as an optimisation tool while prioritising their innate human skills will gain a distinct competitive advantage. We are only beginning to scratch the surface in terms of the use cases for generative AI in content marketing and as the technology becomes more capable and proficient new use cases will become possible. The more you know about generative AI, the better position you’ll be in to leverage it for your business, clients and customers while futureproofing yourself in the process. Anand Subramaniam is the Chief Solutions Officer, leading Data Analytics & AI service line at KANINI. He is passionate about data science and has championed data analytics practice across start-ups to enterprises in various verticals. As a thought leader, start-up mentor, and data architect, Anand brings over two decades of techno-functional leadership in envisaging, planning, and building high-performance, state-of-the-art technology teams.

How are companies using Generative AI to give their products a competitive advantage – and why you should take note

Not only this but generative AI can automate many of the repetitive or ‘low hanging’ tasks in the day-to-day role of a content marketer such as administerial, reporting, researching and so on. This approach not only builds trust with consumers but also establishes the business as a credible and knowledgeable authority in its industry. Automation, Cloud, AI-driven genrative ai Insights – more than “Dreams of the Future” these have become the “Demands of the Present”, to set the stage for a business to be truly digital. “From a venture capital side, flows into AI companies have surged in recent years, as the chart below shows. And the flows into AI companies are growing many multiples faster than the venture capital market overall.

A prolific businessman and investor, and the founder of several large companies in Israel, the USA and the UAE, Yakov’s corporation comprises over 2,000 employees all over the world. He graduated from the University of Oxford in the UK and Technion in Israel, before moving on to study complex systems science at NECSI in the USA. Yakov has a Masters in Software Development.

Rather than re-inventing the wheel, efforts should be geared towards amplifying collaboration between individual national governments and AI innovators, as well as between national stakeholders and the international community. As of 2019, almost 60 percent of all top-tier AI researchers reside in the US; six times the number in China and Europe (about 10 percent each), and India has approximately 386 people out of the 22,000 PhD-educated AI scientists globally. Africa faces a brain drain of data scientists, with genrative ai US and European big tech companies hiring many of its top talents. Imagine a world where machines can create art that rivals the works of renowned human artists, compose music that evokes deep emotions, or write stories that captivate readers. This rich information can supplement traditional telematics and Industry 4.0 datasets to feed into your prediction models in a way that hasn’t been possible before. Generative AI can also help your team to navigate relevant industrial data about a component or asset.

This advanced technology generates unique content and solutions based on data input, ranging from text to images to complex strategies. The immense potential of Generative AI lies in its ability to solve pervasive problems across industries, paving the way for unprecedented efficiency, accuracy, and innovation. It’s unclear if AI-generated content itself can be copyrighted since US law protects only “original works of authorship” created by humans. For now, marketers leveraging generative AI should monitor legal developments closely and limit training models on copyrighted data if clients are risk-averse.

Generative AI’s ability to create training data sets also has important implications for student privacy. One of the biggest concerns with using real-world data in AI is that it could expose young students’ personal information. When you think of AI, you probably think of algorithms that analyze and act on data. While many of the most familiar AI examples follow this approach, generative AI is different in that it creates data. These intelligent models recognize patterns and trends in their inputs to produce similar but original content.

Now, it’s going to be a trade off between the factors that I mentioned to you earlier on, do you want to have a wide but maybe unreliable pool of information? Carolyn Morgan has acquired, launched, built, and sold specialist media businesses in print, digital and events. She now advises niche consumer and B2B publishers on developing new products and digital revenue streams as a consultant and NED.