Generative AI can automate content creation, provide personalized customer experiences and help with decision making by creating predictive models.
According to a study by McKinsey, 75% of experts believe that generative AI will bring about significant or disruptive changes in competition in their industry over the next three years. This belief goes beyond the automation of routine tasks and creates new business opportunities.
Sam Altman, CEO of OpenAI, reports that 100 million people will be using ChatGPT every week by the end of 2023. In addition, 86% of IT leaders expect generative AI to play an important role in their organizations soon, highlighting the growing influence of AI.
Yes, if it is used responsibly. It is important to consider ethical guidelines and data protection regulations when using any form of AI, including generative AI.
Brainy Insights estimates that the market for generative AI will grow by 180 billion US dollars over the next eight years and reach a total value of 188 billion US dollars by 2032. This growth will be driven by the increasing adoption of AI across all industries and the use of data for decision-making by businesses.
The complexity of implementing generative AI depends on the specific use case. However, with the right guidance and the right tools, it can be easily integrated into your business processes. For example, by integrating it into web applications that digitize your processes.