Generative AI is transforming businesses today
Generative AI, also known as generative models, is a type of AI that uses machine learning algorithms to create new and unique outputs, such as text, images, or music. This technology is transforming businesses today by allowing companies to automate tasks, create new products and services, and improve the efficiency of their operations.
One of the main ways that generative AI is being used in businesses is to generate new content and designs. This technology can be used to create personalised and targeted marketing campaigns, automate tasks such as data analysis and decision-making.
This can help businesses to make better decisions and improve their operations, resulting in increased efficiency and cost savings. Due to its far reaching use cases, estimates suggest that the global generative AI market is expected to grow at a compound annual growth rate (CAGR) of 63.8% from 2020 to 2025, reaching a value of $4.4 billion by 2025.