There’s no denying that AI is the ultimate advancement that 20th century industries can get. As the world progresses, industries have been finding new strategies and innovative solutions to be steps ahead. Consequently, according to IBM Global AI Adoption Index 2023, many businesses are starting to work with AI with a number of 42% enterprises are already in the adoption globally. This includes using Generative AI as a crucial tool in business activities, from doing day-to-day administrative tasks until solving complex problems that require professional work. Given the constant evolution of business processes driven by market competition, how can generative AI, a rapidly developing technology, be harnessed as a revolutionary tool for more impactful transformation? Creating new ideas and products Business processes such as research, content creation, and data analysis are some of the tasks that require fresh ideas and unique outputs which Generative AI such as ChatGPT can easily conduct. Generative AI with open source models can create videos, images, texts, or even help developing innovative products. Helping business operations One of the most challenging aspects for many employees is managing human operations and data to deliver products to customers. Generative AI is emerging as a powerful tool to streamline this process. It can automate repetitive tasks, optimize employee workload, and even generate code for operational machinery. Assist in human interactions Another important key process in business is dealing with other humans, whether connecting with other business partners, conducting internal discussions, and establishing good relationships with customers. Generative AI can easily assist these social interactions with customizing meetings, having automated replies, and even analyzing customer behavior patterns needed in business development. In addition, Generative AI can go as far as analyzing financial risk assessment replacing jobs provided by the finance sectors. This shows that the integration of AI with business has become a positive trend. However, some of us still don’t understand the importance of using Generative AI in business and this can potentially become a crucial problem in the future. The global adoption of AI presents a tremendous opportunity for businesses to optimize their processes. By actively exploring AI's potential and integrating it strategically, companies can unlock significant efficiency gains. If you're eager to learn more about leveraging AI for your business, attend our upcoming event, don't miss out! Register today for 'Gen AI Implementation to Boost Business Efficiency' on April 25th, 2024! Sources: - App Inventiv - IBM Global AI Adoption Index 2023 - VM Software House