May 14, 2024
Generative AI: Better to Learn How to Benefit From It Right Now - Part 1
Artificial intelligence
Do you often wonder what YOU could do with generative AI? Have you opened ChatGPT without fully comprehending its ability to save you an enormous amount of time?
Generative artificial intelligence has swept the world in a whirlwind of speed. In just one year, an array of tools that can impact our daily lives has been launched, and technologies continue to develop at an astonishing pace.
I have written a two-part article, this being the first, in which I explain six valuable ways of using Generative AI at work. Why two articles? Simply because I have a lot of content that I want to share with you, and I want to provide you with as much information as possible.
Before we proceed, let's examine how generative AI has disrupted the world of work. ChatGPT is a perfect example of how AI technology has made it simple for ordinary people to use it on a regular basis and proves the ease with which one can become more productive. Considering the pace at which AI is progressing, imagine what we'll be capable of in a few years!
It's dizzying but also very exciting to think about the advantages that AI can offer. Do you recall when robots arrived in factories and were used to automate repetitive tasks, allowing employees to focus on more valuable work? Generative AI will do the same for tedious and monotonous intellectual tasks.
What's certain is that once you incorporate it into your daily routine, it will quickly become indispensable. You will realize how easy it is to use, how much time it saves you, and how much it improves the quality of your work.
In May 2023 and November 2023, KPMG conducted a two-stage survey in Canada to determine the adoption rate of generative AI. When comparing the results, they discovered that the number of individuals using generative AI in their workplace had increased by 16% in just six months.
It has been reported that 90% of its users have experienced an improvement in the quality of their tasks, while 72% claim that it is indispensable for managing their workload. Additionally, 76% declare that it enables them to take on more responsibilities, and 40% argue that they gain more than 3 hours a week. And all this, I repeat, in just one year of existence!
In fact, as an AI user, you'll be more inclined to choose companies that also use AI. That is because you know that these businesses are likely to offer more competitive pricing and personalized services. After all, why pay for something that doesn't provide added value?
The question remains: How can we effectively utilize the advantages of generative AI in our work and tap into its full potential for our businesses? In other words, where do we start so that we can perform better in our jobs or keep our companies competitive in the marketplace? How can this technology solve problems that complicate our daily lives?
Here are my bits of advice!
1. Extracting information from documents
What could be more tedious than searching for a specific detail in a lengthy document? With generative artificial intelligence, you can now submit your documents for analysis and ask questions to quickly find the information you seek, thus eliminating hours of painstaking work.
Suppose you are facing a problem at work that requires you to refer to your company's policy document. However, the document is quite long, spanning fifty pages. In such a scenario, you could download the PDF file containing all the information and use a GPT to find the answer to your query quickly. This way, you can get the solution within seconds instead of wasting an hour on the problem.
This working method applies equally to contracts, legal documents, subsidy applications, CVs, tender documents, and medical records.
2. Virtual assistant
Virtual assistants powered by generative AI are becoming indispensable allies. For example, Expedia's Beta travel planner, powered by ChatGPT, helps users to get recommendations on travel, accommodation, and activities by answering their questions. The smart purchase function of the assistant saves suggested hotels and places, making it easy for users to remember and book the recommended accommodation.
Although this solution is aimed more at private individuals than businesses, the underlying concept of a personal virtual assistant can also be effectively used in a professional setting. It can perform competitive intelligence tasks, identify potential customers in your industry, extract complex data, and generate reports or presentations, thus saving valuable time for more strategic tasks.
Yes, that's the end of today already. In next month's article, I'll cover defect detection, marketing content creation, audio interpretation, and real-time product design. I'll also provide many helpful details on how to use these techniques. So, stay tuned for that!"
To be continued...
