It’s not all ChatGPT 13 other generative AI technologies to watch

We’ve tested them based on their functionality, how accurately they can translate prompts into website prototypes, customisation, as well as their price. From taking over mundane and repetitive tasks to helping spark your inspiration, AI is revolutionising the way businesses operate. Now, with the help of AI, you can hit the ground running and set up your business website in a matter of minutes. For creatives, whether you’re looking for a short snappy YouTube description, or you need to make technical sections of text more digestible for your audience, the chatbot-style interface generates the text you need. Finally, we have OpenAI’s ChatGPT, which you may have already heard of as it’s one of the most talked about tools out there at present. Synthesia can essentially allow you to carry out the entire video creation process from scratch.

Produced by OpenAI, ChatGPT is an open-source generative AI platform that uses a conversational AI to respond to prompts. This style of communication allows individuals with little to no tech experience to use AI, widening the accessibility of the tool. Its success has led to significant investment, with Microsoft investing between 10 and 14 billion dollars.

– Gain expertise in crafting effective prompts

Each implementation of AI needs to be evaluated on a case-by-case basis, considering the proposed uses for the system and how it will interact with other systems. As part of any AI procurement your company would also need to understand its responsibilities regarding system use and configuration, the supplier’s business continuity plan and how the unavailability of that platform would affect your business. At the international level, G7 leaders recently announced the development of tools for trustworthy AI through multi-stakeholder international organisations through the ‘Hiroshima AI process’ by the end of the year. “This leads to the question of accountability and transparency in the composition of training data. It’s paramount to identifying gaps that can lead to bias,” continues Aratow. With hospitals in many countries struggling with a low doctor-to-patient ratio, a key advantage of generative AI could also be its use in triaging i.e. determining when medical attention is necessary.

By analysing historical performance data, AI algorithms can identify patterns and trends, enabling managers to set goals aligning with individual capabilities and organisational objectives. This ensures that employees have clear expectations and direction for their work. Overall, Generative AI can be a valuable tool in helping HR and people teams to onboard new employees, providing them with the information and support they need to be successful in their new roles. By leveraging AI to genrative ai analyse employee data, HR teams can uncover valuable insights, identify patterns, and make data-driven decisions that lead to better employee performance and satisfaction. The impact of generative AI on HR teams offers a wealth of benefits when it comes to leveraging people analytics data. As generative AI continues to gain traction, HR departments can utilise applications to automate and optimise processes, reduce costs, improve decision-making, and help improve employee engagement.

Value creation

In the absence of any such specific instructions, the key point is that when you hand in work for an assessment, you are stating that it is your own original work. We help employers of all sizes to recruit, manage, develop, and retain, great people. Generative AI can assist HR teams with improving employee performance in various ways. Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

Educators in MBA programs, who are concerned with building students’ professional capacities, can also use this lens to support the critical thinking that students need. We can help students consider how and when to use AI in their academic and professional lives. My research examines how companies can adjust how they use talent, genrative ai technology and technique to hit work targets and stay aligned with the times — what I’ve called thinking in 5T. No matter our industry or field, we should regularly review our tools and workflows. Sorting out how best to adjust our work, as per the values and existing norms of different fields, takes a systematic approach.

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Founder of the DevEducation project

Meanwhile, trade unions in Germany representing the creative industries have also expressed concerns about potential copyright infringement, demanding new rules to restrict ChatGPT’s use of copyrighted material. Concerns over data privacy and personal data initially led the data-protection authority in Italy to ban use of ChatGPT until OpenAI implemented changes to satisfy regulators. OpenAI, the company behind ChatGPT, has insisted that its data complies with GDPR and other privacy laws.

• Back in 1987, economics Nobel laureate Robert Solow famously quipped that ‘the computer age is everywhere except in productivity statistics’.
• Generative AI can provide tailored recommendations and solutions after analyzing customer data to improve personalization.
• No reviews should be taken at face value, always conduct your research before making financial commitments.
• AI tools also support voice translation and the level of accuracy is quite commendable.

However, it’s important to balance AI-driven recommendations with human expertise, provide clear communication about the use of AI, and ensure that employees have access to support and guidance throughout their learning journey. Generative AI tools can also help identify and address biases within HR processes and systems. These models can detect biases in recruitment, performance evaluations, or promotion decisions by analysing historical data.

This function can help to free up scarce clinical resources, allowing healthcare providers to focus on more critical cases and to avoid unnecessary medical costs for patients. Generative AI has been shown as incredibly effective in this area, with some studies showing it could be even more accurate than humans6. It is your responsibility to ensure the reader of your work can clearly distinguish between original content created by you and content generated or inspired by generative AI and other sources. It is important to check the factual accuracy of the content produced and to use AI content in conjunction with the learning resources provided by your module tutor and other trustworthy sources. Where generative AI is used to enhance learning, we expect students to use these tools in an ethical and responsible way. For example, used responsibly, generative AI tools could support effective study strategies.

A rising trend over the past few years, self-diagnosis is a growing practice as people’s primary access point for healthcare information has shifted from professionals to the internet. It’s important to note that a medical diagnosis is the conclusion of an assessment by a medical professional, and people should not rely on what is often inaccurate or incomplete information from the internet. To maximise the benefits of the impact of generative AI on HR functions and minimise potential risks, it’s crucial to follow best practices for integrating AI into HR and people processes. One key aspect is prioritising data security and privacy, ensuring that employee data is protected from unauthorised access and potential misuse. Generative AI can significantly enhance learning and development initiatives by personalising the learning experience, providing adaptive feedback, and leveraging data-driven insights.

Our team of dedicated writers and researchers is committed to delivering informative and engaging content that will keep you up-to-date with the latest trends and innovations. AI in marketing is becoming increasingly trendy, helping automate mundane tasks that otherwise would take up too much of your time. Integrating generative AI into your marketing plan can prove to be advantageous over competitors. It employs advanced customer modelling, predictive micro-segmentation, and campaign automation technologies, making it the go-to solution for customer marketers and retention experts. According to a Google study, adopting machine learning into your business can show a 5x increase to decision-making speed with a 3x faster execution of decisions.

Finally, AI-powered tools enable recruiters and hiring managers to track and analyse conversion rates. By analysing large amounts of data, generative AI can pinpoint the most qualified candidates and provide insights into their preferences and values, ultimately leading to better hiring decisions. Overall, generative AI empowers HR teams with advanced analytics capabilities, enabling them to derive actionable insights from people analytics data and make informed decisions to optimise the workforce and improve overall organisational performance. Generative AI models can generate synthetic data that closely resembles real-world HR data. This synthetic data can be used to augment the existing dataset, allowing HR teams to have a larger and more diverse data set for analysis.