Discover how generative artificial intelligence is impacting business and in particular data management, making it even more democratized.
Intelligent data management is critical to business success in an increasingly competitive data economy . The vast volume of data that businesses must deal with today and the selection of reliable information is one of the most challenging problems when it comes to driving digital transformation and a data-forward strategy .
However, new advances in generative Artificial Intelligence (AI) and the platforms developed in recent times have the potential to dramatically improve data management. What advantages does overseas chinese in australia data AI bring to businesses and what are the most promising developments that have recently occurred?
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Venture capital firms have invested more than $1.7 billion in generative AI solutions over the past three years with the largest funding going into drug discovery and software coding.
Source: Gartner
CDO Insights 2023. How to boost data-driven business resilience
Potentials of generative artificial intelligence for companies
As businesses look to improve customer experience and reduce costs, they are turning to AI-powered tools to automate tasks and perform operations more efficiently.
Generative AI is a type of artificial intelligence that can generate a wide variety of data, including text, images, audio, videos, and 3D models. It does this by learning patterns from the data and using the knowledge to generate new results.
Among the most notable benefits of adopting generative AI for organizations are:
Increased productivity: Generative AI can automate repetitive tasks, such as image or video editing, freeing up human resources for more strategic work.
Personalization of customer experience: Can be used to personalize content, such as product recommendations, achieving better customer engagement and increased sales.
Enhances creativity: Enhances creative ability by providing new tools and techniques for exploring unique designs.
Cost reduction: Generative AI reduces costs by automating tasks and optimizing workflows.
Generative Artificial Intelligence for effective data management
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