How does generative AI help different industries?
Since we will not be able to dive deep into every use case across many industries, the least we can do is highlight how GenAI can disrupt the conventional ways of solving use cases across many sectors. Every organization wants to ensure that it can transform its business outcomes by incorporating GenAI into its operations. Every industry has many low-hanging use cases where GenAI can accelerate its business outcomes.
Financial services
Since our book revolves around GreatFin, a financial conglomerate, let’s start with how GenAI helps solve several important but tedious use cases within the financial services industry. Here are some examples:
- Fraud detection: GenAI can play a crucial role in identifying and preventing fraudulent activities in financial transactions. By analyzing extensive datasets, generative models can detect patterns and anomalies, enabling the identification of suspicious transactions and the...
