leewayhertz.com-Generative AI Use Cases and Applications

1. Generative AI Use Cases and Applications leewayhertz.com/generative-ai-use-cases-and-applications The advent of Artificial Intelligence (AI) has significantly impacted the way businesses operate and manage daily workflows. The emergence of diverse AI applications and tools has enabled businesses to make wiser decisions and automate repetitive tasks, making operations more efficient and effective. Although many AI algorithms exist, generative AI has gained prominence across industries. With the popularity of prominent generative AI tools like Midjourney and ChatGPT, businesses can generate new ideas, content, and solutions faster than ever before. This improves decision-making, streamlines operations, and allows businesses to stay competitive in an ever-evolving market by creating new products and services. Generative AI is proving to be a game-changer in the business world, with its potential being widely recognized in 2023. Through this article, let us look at generative AI use cases and applications in various industry domains. What is Generative AI? Generative AI is a subfield of Artificial Intelligence that utilizes Machine Learning techniques like unsupervised learning algorithms to generate content like digital videos, images, audio, text or codes. In unsupervised learning, the model is trained on a dataset without labeled outputs. The model must discover patterns and structures independently without any human guidance. Generative AI aims to utilize generative AI models to inspect data and produce new and original content based on that data. 1/7

2. Generative AI tools use sophisticated algorithms to assess data and derive novel and unique insights, thereby improving decision-making and streamlining operations. The application of generative AI can also help businesses stay competitive in an ever-changing market by creating customized products and services. Using Generative AI, computers can generate new content output by abstracting the underlying patterns from the input data. Generative AI models Generative AI commonly works by training a deep learning model on a dataset of pictures, which is then applied to create new images. It utilizes several Generative AI models like BERT and Transformer or Autoregressive models. However, Generative Adversarial Networks (GANs) and Variational Autoencoders (VAEs) are two of the most prominent generative AI model types. A GAN comprises two components: a generator and a discriminator. While the generator is trained to produce new images that mimic those in the training set, the discriminator is trained to discriminate between actual photos from the training set and fake images generated by the generator. The generator and discriminator are trained in tandem in a procedure known as adversarial training. During this training, the generator tries to produce images that can dupe the discriminator while the discriminator strives to detect counterfeit images accurately. The generator gets better with time and can create more lifelike images. VAEs, on the other hand, work by learning probabilistic mapping from a high- dimensional input space like a photograph to a lower-dimensional unrevealed space and then back to the original space. While training, the VAE is exposed to a large dataset of pictures, and it learns the patterns and features of images to understand the probability distribution of the images. Once trained, the model can produce new images from the dataset by taking samples from the hidden space and mapping them back to the original space. In the case of GAN or VAE, the model, once trained, can produce a new image or content that mimics the ones in the training set. This technology has multiple applications, including creating realistic computer-generated images, refining low-quality images, and drawing new images from text descriptions. Now that we know how Generative AI works let us look into the use cases of Generative AI. Generative AI Use Cases Use cases of generative AI can be categorized into different types based on the content it produces: visuals, audio, text or codes. Let us explore Generative AI use cases pertaining to these domains separately. 2/7

3. Use cases in visual content 1. Image generation and enhancement Generative AI tools for image generation are usually text-to-image. Users can enter the text describing what images they want, and the tool will process them to produce realistic images. Users can specify a subject, setting, style, object or location to the AI tool, which will generate amazing images pertaining to your requirement. In addition to text-to-image AI tools, which create realistic 3D models or realistic original artwork, there are tools available for image enhancement that modify existing images. These are some of the functions it can perform: Image completion: AI tools with this capability can generate missing parts of an image, like creating a realistic background for an object, filling in missing pixels, or fixing a torn photograph. Semantic image-to-photo translation: It involves creating a photo-realistic version of an image based on a sketch or a semantic image. Image manipulation: It includes modifying or altering an existing image, like transforming the external elements of an image, such as its style, lighting, color or form, while maintaining its original elements. Image super-resolution: Tools possessing this capability can enhance the resolution of an image without losing its specific details. For instance, users can improve the quality of an image captured on CCTV. Examples of Image generation AI tools include Midjourney and DALL.E. 2. Video creation Generative AI simplifies the process of video production by offering more efficient and flexible tools for generating high-quality video content. It can automate tedious tasks like video composing, adding special effects, animation, etc. Similar to image generation, AI tools for video production can generate videos from the ground up and be used for video manipulation, enhancing video resolution and completion. They can also perform the following tasks: Video prediction: It involves predicting future frames in a video, such as objects or characters moving in a scene, using generative models. It can understand a video’s temporal and spatial elements, produce the following sequence based on that information and discern between probable and non-probable sequences. Video style transfer: AI video generators with this capability can produce a new video that adheres to another video’s style or a reference image. 3. 3D shape generation Generative AI tools can be used to create 3D shapes and models utilizing a generative model. This can be achieved through various techniques like VAEs, GANs, autoregressive models or neural implicit fields. AI tools for 3D shape generation are beneficial in creating 3/7

4. detailed shapes that might not be possible when manually generating a 3D image. It can also be leveraged to boost the performance of 3D-based tasks like 3D printing, 3D scanning and virtual reality. Generative AI use cases in an audio generation 1. Creating music Generative AIs are beneficial in producing new music pieces. Generative AI-based tools can generate new music by learning the patterns and styles of input music and creating fresh compositions for advertisements or other purposes in the creative field. Copyright infringement, however, remains an obstacle when copyrighted artwork is included in training data. 2. Text-to-speech (TTS) generators A GAN-based TTS generator can produce realistic speech audio from user-written text. Such AI tools enable the discriminators to serve as a trainer who modulates the voice or emphasizes the tone to produce realistic outcomes. TTS AI uses extensive speech and text data to train machine learning models. The models can then be fine-tuned to generate high-quality speech from text. AI-based speech-to-text tools are used in various applications, such as speech-enabled devices, speech-based interfaces, and assistive technologies. 3. Speech-to-speech (STS) conversion In audio-related AI applications, generative AI generates new voices using existing audio files. Utilizing STS conversion, professionals in the gaming and film industry can easily and swiftly create voiceovers. Text generation Text generative AI platforms like ChatGPT have become increasingly popular since their launch. Such platforms are highly efficient in generating content like articles or blog posts, dialogues, summarizing text, translating languages, completing a piece of text or automatically generating a text for a website and more. Systems are trained on large data sets to create authentic and updated content. Code generation Generative AI can be leveraged in software development thanks to its ability to generate code without manual coding. It can be used to automatically complete a code snippet, optimize codes, generate code from natural language and more. Furthermore, with generative AI, developers can easily and quickly implement machine learning models in their software based on a given model, such as a neural network or decision tree. Popular Generative AI applications across industries 4/7

5. Diverse industries have been benefiting from the use of Generative AI, including: Entertainment In the field of entertainment, Generative AI use cases are abundant. From music generation to video editing and voice synthesis, Generative AI can be leveraged to its fullest potential in film/music production, fashion and gaming. Using Generative AI tools, you can remix existing songs or compose new ones. Some AI tools are used in video production and editing to add special effects and generate new videos including animations and even complete movies. It simplifies video editing and saves time for content creators and social media influencers. The gaming industry benefits greatly from generative AI. Generative AI ensures rewarding gaming experiences by creating new characters, levels and storylines. If you want to develop Virtual Reality-based games, you can create new environments, characters, and interactions with Generative AI tools, boosting engagement and appeal. The availability of numerous readymade tools, frameworks, and blueprints makes it easier for developers to create new games, which traditionally requires building things from the ground up. It is also possible to generate realistic human-like voices using AI tools, which can be used for video game avatars and animations. Finance Fintech companies can use Generative AI technologies to automate repetitive tasks, improve productivity, and make better decisions. In finance, Generative AI can be used in the following ways: 1. Fraud detection: Generative AI can be used to detect and intercept fraudulent transactions by inspecting large amounts of transaction data and finding patterns or anomalies indicating fraud. 2. Credit scoring: Generative AI can analyze data such as income, employment history, and credit history to predict the creditworthiness of an entity or an individual. 3. Risk management: Generative AI can manage credit, market, and operational risks by analyzing historical data and identifying patterns that indicate futurerisks. 4. Robotic process automation: Generative AI can increase efficiency and reduce costs by automating repetitive tasks like data entry and compliance checks. 5. Portfolio management: Generative AI has the potential to help optimize investment portfolios and find the best investment opportunities, considering risk, return, and volatility when analyzing market data. 6. Trading: With the help of generative AI, trading strategies can be generated and executed after considering market conditions and historical data. 7. Pricing optimization: Generative AI can optimize pricing strategies for financial products, such as loans and insurance policies, by analyzing market conditions and historical data. 5/7

6. Healthcare The importance of Generative AI in the healthcare industry cannot be overemphasized. Generative AI can assist radiologists in detecting cancer, heart diseases, and neurological disorders by analyzing medical images, such as X-rays, CT scans, and MRIs. This way, diagnoses can be made more accurately and are less likely to be missed or delayed. Using Natural Language Processing (NLP), generative AI tools can analyze large sets of unstructured data like Electronic Health Records (EHRs) to identify useful information and assist physicians with diagnoses and treatment decisions. With the help of Generative AI, personalized treatment plans can also be recommended based on a patient’s medical history, genetics, and lifestyle. As a result, adverse reactions can be reduced, and treatment effectiveness can be improved. Furthermore, for pharmaceutical companies, Generative AI can be used to analyze large data sets on drug interactions, side effects, and efficacy, helping in drug discovery and repurposing. Manufacturing Manufacturing can benefit from Generative AI in numerous ways. It helps optimize the production process. For instance, generative AI can be used to examine machine sensor data and forecast when a failure is most likely to occur. This enables equipment manufacturers to plan maintenance and repairs in advance, cutting downtime and enhancing overall equipment performance. Additionally, Generative AI can be used to find patterns in production data that can be used to boost productivity, lower costs, and improve efficiency. Generative AI can improve product quality by analyzing sensor data from machines to discover patterns indicating possible defects in products. This can help manufacturers to identify and fix problems before products are shipped to customers, reducing the risk of recalls and improving customer satisfaction. Additionally, Generative AI can be used in robotics and automation, such as predicting the appropriate paths for robots and identifying the most efficient way to move and manipulate materials, which allows it to control and optimize the performance of robots and other automated systems. This can improve manufacturing processes and reduce accidents by speeding up and enhancing efficiency. Real estate Generative AI is yet to reveal its potential in the real estate domain fully, but it is still proving to be of great benefit in several ways. The following are the most important Generative AI applications in real estate: 1. Property valuation: Using Generative AI, we can predict the value of a property based on factors such as location, size, and condition. It can help real estate agents and investors determine the value of a property quickly and accurately. 6/7

7. 2. Property search: Generative AI can generate personalized property recommendations based on a buyer’s search history and preferences. As a result, buyers may have an easier time finding properties that suit their specific needs. 3. Pricing optimization: When pricing rental properties, a Generative AI model can predict the optimal rent amount, considering market trends, demand, and competition. 4. Predictive maintenance: Using artificial intelligence, you can predict when a property will require maintenance or repairs and prioritize these tasks accordingly. In this way, property managers can reduce costs and improve property quality. Endnote Generative AI is crucial in automating repetitive tasks, increasing productivity, and improving decision-making across several industries. From healthcare and manufacturing to real estate, finance, and entertainment, Generative AI use cases are plentiful. This AI technology can effectively create unique and engaging user experiences by automating creative tasks like content creation and addressing other vital purposes, such as predictive analysis. Generative AI has the potential to revolutionize various industries, and companies that leverage this technology efficiently will be well-positioned to increase revenue, reduce costs, and improve efficiency. Would you like to automate your business operations with a Generative AI tool? Connect with LeewayHertz’s Generative AI developers now! 7/7