A naukri.com initiative
Saastr
2d
58
Image Credit: Saastr
6 Ways to Transform Your Business with AI with Google Cloud’s VP & GM of Applied AI
- 61% of the organizations are already using GenAI in production.
- 86% of those organizations using GenAI in production see an annual revenue boost of 6% or more.
- 74% of organizations see ROI within the first year of using Generative AI.
- GenAI is being used to improve customer engagement and solve customer queries through personalized product recommendations and omni-channel marketing.
- It is also helping to improve employee productivity through automating repetitive tasks, summarizing documents and meeting notes, assistance with regulatory compliance, and analyzing financial data and providing personalized training materials.
- In the area of marketing and creative content, GenAI is augmenting human creativity and offering assistance in generating marketing content, automating tasks like image editing and video production, designing product packaging and marketing materials, creating personalized customer experiences, and generating unique product concepts and ideas.
- Companies are using GenAI to accelerate data analysis and decision-making, clean and organize complex data sets, predict customer behavior, identify data anomalies and potential risks, and forecast sales, customer churn, equipment failures, and market trends.
- In the field of product development, GenAI is generating code, identifying and fixing bugs in code, creating automated tests for code, explaining complex code sections, converting natural language to code, converting code between different languages, and generating technical documentation.
- GenAI is also helping to increase security, decrease risk management, and speed up compliance by identifying and addressing regulatory compliance issues, investigation assistance, and detecting and preventing fraudulent transactions and cyberattacks.
- Companies are achieving real-world ROI from their investments in GenAI and LLMs.
- It is important to explore AI solutions for your priority use cases to deliver the fastest ROI.
Read Full Article
3 Likes
For uninterrupted reading, download the app