How to Maximize the Impact of Gen AI on Business Growth?

If a business wants to get an edge in the market on the grounds of cost reduction, the best way is to implement Gen AI in workflow and operations. Generative AI is a great solution for many business processes including creating personalized marketing campaigns, improving cost optimization, and streamlining product development.

According to Gartner , By 2027, nearly 15% of new applications will be generated by AI without a human in the loop. It is high time to get started with Gen AI for your business and cope with the advancement.

Top 7 Ways to Utilize Gen AI to the Fullest

When you implement Gen AI capabilities in your business model, you can ensure that your business is getting the maximum value at the best possible cost. Here are key ways to seamlessly integrate AI into your business processes with its full potential:

1. When you need to create a targeted marketing campaign, Gen AI can be quite helpful. By analyzing customer data and their preferences, it can generate content with relevance that brings more conversions.
2. Gen AI can automate tasks like generating product descriptions, blog posts, and social media captions. This frees up your team to focus on high-level strategy.
3. Gen AI can power chatbots that answer routine customer inquiries 24/7, improving customer satisfaction and reducing support costs. These chatbots can also personalize interactions so you can give what users need without investing in more support resources.
4. Gen AI can automate repetitive tasks across various departments, from sales and marketing to finance and HR. This streamlines workflow frees up employee time and reduces operational costs.
5. Gen AI can analyze vast datasets to identify trends and it can be used for data analysis. This empowers businesses to make data-driven decisions that optimize many processes like pricing strategies, inventory management, resource allocation, etc.
6. Gen AI can be used for adding subtitles for various types of video content. You can use this to add subtitles in a different language than the audio. It can be used to summarize call recordings as well.
7. Whether you need to outline briefs or sort resumes, you can utilize Gen AI capabilities. It can be used for hiring teams to shortlist candidates based on job descriptions and candidate profiles.

How Gen AI Works

Gen AI can be used for various business processes for creation and development. According to Gartner , more than 80% of enterprise-scale businesses will have used Generative AI APIs or deployed generative AI-based applications by 2026. Gen AI is everywhere, and it is impacting businesses for the better.

Do you know how it works? Know how it works and delivers accurate results:

• Data Collection and Preprocessing: Gathering diverse datasets and preparing them for training by cleaning and organizing.
• Training the AI Model: Utilizing deep neural networks to train on the collected data, such as RNNs, CNNs, GPT, and VAEs. Popular Gen AI models ChatGPT, Gemini, DALLE, etc. are based on GPT.
• Learning Patterns and Structures: The model learns underlying patterns and relationships within the data, like grammar in text or object recognition in images.
• Probabilistic Generation: Models generate content probabilistically based on learned distributions, predicting the next element in text or pixel values in images.
• Refinement through Feedback: Iteratively improving through feedback loops where models generate content, receive feedback, and adjust parameters to enhance quality and realism.

How Generative AI Enhances Business Value

As an enterprise, you should utilize AI to keep an edge over your competition because Gen AI can boost value in many aspects. Gartner forecasts that around 40% of enterprise applications will have conversational AI in their workflow by the end of 2024.

Your business can create significant value addition while utilizing Gen AI. Some examples include:

• Rapid product development that opens new revenue channels
• Helps in employee productivity with capabilities in tasks involving text, image, and media manipulation, content summarization, code generation, and chatbot enhancement.
• Enhancing risk mitigation efforts through advanced data analysis
• Quicker identification of potential risks like customer transaction anomalies and software faults
• Supporting sustainability initiatives by aiding regulatory compliance, mitigating asset-related risks

Bizmetric Gen AI Capabilities

Bizmetric is leading the edge for Gen AI services and can help businesses leverage their capabilities to the fullest. We have served many clients across the globe with our GenAI solutions. We are not limited to these services but here are the top areas where clients can utilize our expertise:

Document Processing

The Gen AI solution revolutionizes decision-making by efficiently processing various document types, such as business reports and invoices. Businesses can enable smart data extraction in large volumes with this in workflow operations. It captures and extracts details swiftly, presenting them in structured formats, and responds to queries with high speed.

Invoice Processing

With this solution, invoice processing becomes seamless as it captures details from expense reports accurately and immediately. Businesses can leverage text-to-data models, which streamline financial operations, minimize errors, and reduce manual efforts.

IT Service Bot

This bot from Bizmetric helps in automated data entry which reduces errors, speeds up issue resolution, and enhances user satisfaction. It offers centralized ticketing and streamlines tracking and analysis with real-time updates.

SQL Query Generation

Our experts helped many clients implement Gen AI capabilities that simplify data exploration by converting English queries into SQL queries. This gives access to data analytics, empowering non-technical users to make informed decisions swiftly.

Summary Extraction of Call Records

This Bizmetric solution efficiently summarizes call records using speech-to-text technology. It offers quick comprehension and analysis. It saves time and resources while providing actionable insights for informed decision-making.

Contact Bizmetric Experts for Gen AI Solutions

Businesses working with automation have every chance to lead the industry. If you are looking for a platform to bring automation or create custom apps in no time, Bizmetric can help you with its range of Gen AI solutions. With years of expertise in the field, Bizmetric experts can help you leverage the most suitable Gen AI model for your business. Want to know more? Contact our expert right now!