Artificial Intelligence has been in the hype from way back, but the introduction of generative AI tools has accelerated the talk and is marking a turning point. As per reports, the integration of generative AI can provide the global economy with a productivity boost annually of 0.2 to 3.3 percent from 2023 to 2040. The application of this technology has started growing, and we are still in the process of exploring its full potential.
Generative AI is a machine learning model, that creates a variety of high-quality content such as images, texts, music, speech, jokes, and many more that looks like human created.
Let’s check some of the top applications of generative AI that can help businesses by unleashing their efficiency
Adopting Chatbots and Virtual Assistants
Modern businesses have realized that generative AI can ease daily operations and work as a human-based assistant. Generative AI tools such as ChatGPT can help chatbots generate human-like responses, thus enhancing the customer experience. These chatbots can help identify and qualify leads by capturing their contact details.
Build a Personalized Marketing Plan
The use of generation AI tools such as Google Bard, Bing Chat, and ChatGPT can help build personalized marketing plans by recommending products or services based on individual customer preferences. It will help businesses to get insights into what customers are demanding, thus helping them to tailor their advertising requirements.
Detect Cybersecurity and Fraud Issues
Generative AI can help identify frauds in advance and prevent fraudulent activities by analyzing data patterns and anticipating threats. It can foster security systems and mitigate risks on time. As generative AI can recognize typical attack methods, dangers like malware or DDoS attacks can be quickly identified.
Helps with Code Testing Through Automated Test Generation
An extensive range of test cases, including some that human testers would ignore, can be automatically generated by generative AI. This enhances code coverage and aids in finding undiscovered problems. This process is much faster than manual testing, allowing speedy feedback during development.
Sentiment Analysis of Online Feedback for Required Improvements
Generative AI can automatically assemble online feedback from various sources, such as customer reviews and social media posts. From this collected data, AI analyses sentiments about feedback whether positive, negative, or neutral using natural language processing (NLP) techniques. This will help businesses improve their products and services.
Final Words
Generative AI is still an emerging technology, but businesses cannot simply deny its creativity by not harnessing its potential. So, why not discover what your business can gain from AI by getting out there?
There is already a transformational shift taking place in business applications as a result of generative AI. AI-driven applications have the potential to offer unique customer experiences, automate routine tasks, reduce the cost of operations, and enhance decision-making.
At Canopus Infosystems, we automate and streamline your business processes with Generative AI. Our experienced professionals can help you integrate AI models into the websites for better customer support, interactions, and responsiveness. Also, We can help you with web development by deeply understanding your business needs and automating your customer experience to get the desired outcomes.
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