It is based on algorithms that enable computers to create content from previously available content. What we have seen so far is the ability of machines to analyse data, find patterns and use them to draw inferences and make predictions. With Generative AI, machines are starting to create new artefacts and they are getting better at it by the day. These algorithms can produce a variety of novel content such as images, video, music, speech, text, software code and product designs.
As per Gartner, Generative AI is expected to change, among other things, digital product development. It will increase the quality, performance, and accessibility of digital products while reducing their time to market. This is among the many commercial benefits of Generative AI, apart from its sheer magical quality. Gartner predicts that:
- by 2025, Generative AI will be producing 10 per cent of all data (now it's less than one per cent) with 20 per cent of all test data for consumer-facing use cases.
- by 2025, 30 per cent of outbound messages from large organisations will be synthetically generated.
- by 2025, Generative AI will be used by 50 per cent of drug discovery and development initiatives.
- by 2027, 30 per cent of manufacturers will use Generative AI to enhance their product development effectiveness.
HOW DOES IT WORK
Generative AI is a field of machine learning that uses models, both unsupervised and semisupervised. These algorithms enable computers to use existing text, images, code and audio/video files to create new content by analysing and clustering unlabeled datasets to discover hidden patterns in data without the need for human intervention.
Denne historien er fra February 11, 2023-utgaven av Businessworld India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 11, 2023-utgaven av Businessworld India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
