Emerging Technologies for Industry: Generative AI for Business

generative AI for businessIt seems like everywhere you go and anywhere you look, all anyone is talking about concerning emerging technologies are projects having to do with artificial intelligence breakthroughs and how they can be applied to business. Industry experts are anticipating a transformation in the way that organizations start taking advantage of new AI-based solutions to create new ways of doing business and improve efficiency, cost-effectiveness, as well as foster other benefits. Consumers are generally interested in learning more about how AI technology can be applied in their daily lives, so it is only natural that companies would seek new ways to embrace it and use it in their operations. Generative AI for business is a consistent theme within other emerging AI technologies and it is expected that this trend will continue to create new innovations and opportunities across multiple industries.

The Benefits of Generative AI for Business

Clear advantages associated with using emerging technologies in Boston for AI products and services are already being seen, but experts believe that within the next year or so, it will become even more obvious to business owners nationwide. New ways of creating and communicating with other technologies, increased discoveries, and expansions of use, as well as commercialization of the technology itself are expected to come about shortly. Artificial intelligence breakthroughs in the areas of authenticity, creation, discovery, and regulations, as well as automation of work previously done by humans, are already in the works. Applying AI technology in the areas of customer and employee experiences is not far behind and is expected to be the driving force in acceptance of these services.

In addition to generative AI for business, there are other applications of AI technology for industry that are expected to become more fruitful within the next year or more. These include the potential for artificial intelligence to be used in the area of improving business decisions by anticipating changes in consumer demand, supply chain issues, and other variables, as well as enhancing the digital consumer experience via mobile device and smart technology devices at the office and in the home. Generative AI is just one of the technologies to watch in addition to casual AI, AI simulation, graph data science, neuro-symbolic AI, reinforcement learning, and federated machine learning.

Artificial Intelligence Breakthroughs

As this technology expands and grows, there will be more ways to use this technology for industry to benefit consumers and organizations around the world alike. The techniques and opportunities noted by the industry experts were chosen as targets or potential advancements based on data collected by scientists, developers, and already in-use applications of artificial intelligence technology. For example, AI simulation features advancements that combine the application of AI and simulation technologies to develop AI agents and simulated environments for training, testing, and deployment. Casual AI refers to the use of AI systems for cause-and-effect to correlation-based predictive models that can prescribe actions in a more effective way.

Neuro-symbolic AI combines AI technologies with other methods, such as knowledge graphs, to create more reliable and robust AI models. Federated machine learning and reinforcement learning are used in different ways to advance the effectiveness of artificial intelligence applications. Federated works to train a machine to learn an algorithm based on multiple local datasets without explicit sharing of data samples, while reinforcement works to train in terms of reward-based and punishment-based feedback. Graph data science is exactly as it sounds, utilizing data science techniques applied to graph data structures to identify behavioral characteristics that can be used to establish models that are both prescriptive and predictive for improved results.

Accessing Emerging Technologies in Boston

If you are interested in taking your business to the next level by incorporating artificial intelligence breakthroughs and other emerging technology for industry into your corporate structure, contact our team directly at Synivate. We can answer any questions you might have about generative AI for business and assist you in selecting the best innovative technology solutions for your organization. Give us a call at 617-848-1248 and speak with one of our friendly and helpful technology consultants about your interests and needs in these emerging technologies in Boston and the surrounding area.

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