How Generative AI Can Transform Various Industries, According to … – Fagen wasanni
Generative AI has the potential to revolutionize numerous industries, including commerce. Mastercard has released a Signals report, shedding light on what commerce might look like in the era of generative AI. The report highlights several key insights.
Technology like ChatGPT can significantly impact different sectors, such as knowledge distribution, HR and training, code writing, legal, cybersecurity, treasury, marketing, customer interfaces, and service delivery. As a result, companies are adopting AI at higher rates, with 50% of organizations already utilizing AI for at least one application in 2022 compared to only 20% in 2017.
Mastercard predicts that generative AI will power numerous capabilities in business and consumer applications over the next two to three years. The report identifies five emerging use cases where AI can be implemented to optimize commerce sectors, including enterprise, finance, small business, retail, and travel.
Enterprises can benefit from generative…
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source: https://news.oneseocompany.com/2023/08/10/how-generative-ai-can-transform-various-industries-according-to-fagen-wasanni_2023081048777.html
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