Generative AI in the business landscape enables new possibilities resulting in increased revenue

Generative AI is transforming industries across a wide range of sectors and reshaping businesses at a rapid rate, with its capacity to generate novel solutions, automate procedures, and improve decision-making abilities. Generative AI is a subset of artificial intelligence that can produce original text, graphics, and other types of material.

This article analyzes the survey to fetch the details about the impact of Generative AI in the workplace. 12,800 employees from 18 different nations were included in the survey, which was carried out by Boston Consulting Group (BCG). According to the report, sixty percent of Indian CEOs are upbeat about how generative AI in the workplace creates transformation.

According to the results of the survey, generative AI is a potent tool that can be applied to enterprises in a variety of ways. In the years to come, generative AI will likely have an even bigger impact on organizations as technology advances. Additionally, the study discovered that Generative AI in business has been used in several contexts, including:

Making personalized content: Generative AI can be used to make material that is tailored to the needs of the user, such as product suggestions or email marketing campaigns.

Increasing customer service: AI Chatbots that can solve problems and respond to queries can be made using generative AI.

Automation: Tasks like data entry and customer service can be automated with generative AI.