The Benefits of Using Generative AI for Business: Customization, Speed, and More
The Artificial Intelligence (AI) industry has experienced tremendous growth and buzz, with Generative AI leading the charge. However, it’s crucial to acknowledge that these impressive technologies are only part of the larger puzzle. In many situations, businesses require different technologies to achieve their desired outcomes.
To better understand the different areas of AI, it’s helpful to clarify some of the terminology. NLT (Natural Language Technology) is an umbrella term that encompasses NLP (Natural Language Processing), NLU (Natural Language Understanding), and NLG (Natural Language Generation), as well as related fields such as computational linguistics and language modeling. NLP deals with the interaction between computers and humans using natural language and allows computers to process, analyze, and understand human language. NLU focuses on a computer’s ability to understand human language in a similar way to humans. Generative AI, or NLG, concentrates on the generation of text by computers and has various applications, including automating routine tasks for businesses and helping artists generate new ideas. LLM (Large Language Model), the technology behind most generative AI tools we use, is an AI model trained on a vast corpus of text that uses deep neural networks to capture patterns and relationships in text data.
To accelerate the success of their AI journey, businesses can tap into both new low-code/no-code tools and experts.The use of NLP and machine learning was once limited to those with coding and data science expertise. No-code/low-code AI tools are platforms that allow businesses to create and deploy AI models without having to code. These tools are designed to make the process of developing and deploying AI more accessible to people who don’t have a coding background. They are often cloud-based and allow users to quickly and easily create custom AI models and integrate with existing products and services, allowing businesses to create end-to-end AI solutions. They offer a cost-effective and user-friendly way of building custom AI models, while still having the power to create sophisticated and reliable AI solutions.
In addition, businesses should not overlook the value of experts in AI and NLP. They should collaborate with specialists who can assist them in effectively using these models and overcoming fine-tuning obstacles. By doing so, businesses can maximize the full potential of LLMs, leading to improved efficiency, accuracy, and time savings.
In conclusion, Generative AI brings immense value to individuals and businesses, but it’s crucial to remember that it’s one part of the larger puzzle. In many use cases, businesses require additional technologies to fully leverage the potential of AI.
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