What are the Benefits of Generative AI ?

Whether we are prepared or not, we are now entering the fifth industrial revolution or Industry 5.0, an evolve industrial environment where people work with smart machines. Smart machine refers to devices that are embedded with cognitive technologies such as artificial intelligence (AI) and machine learning (ML). In the recent years, generative AI is among of the AI technologies being highlighted as an important tool that should be adopted by organisations. From healthcare, manufacturing, media and entertainment, even banking industry, Generative AI had brought beneficial contributions to many industries. What are the benefits of Generative AI?