From the course: Business Analytics Foundations: Descriptive, Exploratory, and Explanatory Analytics
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Generative AI
From the course: Business Analytics Foundations: Descriptive, Exploratory, and Explanatory Analytics
Generative AI
- [Narrator] Generative AI is a new technology that is gaining momentum in the business world. Learners would've already heard or experienced the power of generative AI. It is a transformational technology that is finding applications in every facet of running a business and changing how things are done. It has a significant impact on business analytics with the potential to change the way we analyze and present data. It enables new use cases and applications, which were not possible before. It helps with the speed at which data can be analyzed and patterns discovered without human assistance. This can then trigger quick actions, also. What are some of the popular use cases for generative AI in business analytics? It is especially useful in understanding structure data, like documents and emails, and helps discover insights about them. It can respond to natural language queries. It can understand the context in plain English and can search and retrieve answers. Generative AI can help…
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