From Code to Creativity: Transformative Applications of Generative AI Across Industries

Generative AI's applications are as vast and varied as the human imagination itself, going beyond conversation and image generation. With its powerful capabilities, gen AI promises to shake up entire industries, transforming the way we live, work, and interact with technology.

Quynh Pham

Updated: 13/12/2024 | Publish: 12/12/2024

Transformative Applications of Generative AI Across Industries

Generative AI, though still in its early stages of implementation and development, has proved to be a powerful player in the technology landscape. From marketing to software development, from gaming to finance, AI is set to disrupt almost every sector. This article aims to uncover AI’s possibilities, how the tech is applied across different industries, and what its ethical concerns are.

Key Takeaways:

  • Generative AI provides individuals and organizations with a wealth of tools to boost productivity, optimize processes, and, eventually, reshape entire industries.
  • Natural language processing, generating images, audio, and videos, and speeding up code generation are among Gen AI’s main capabilities.
  • Gen AI is used across industries like healthcare, marketing, manufacturing, software development, media, education, finance, gaming, retail, and e-commerce.
  • AI’s value lies in its ability to automate processes, generate new ideas, and use comprehensive data analytics, enabling companies to refine plans and campaigns and make informed business decisions.
  • However, ethical concerns like copyright, misinformation, and data security and privacy still need to be addressed.

What Is Generative AI?

Generative AI is a branch of AI that uses deep learning models to create new, high-quality content such as text, images, audio, code, and videos based on the data it was trained on. This technology enables rapid content creation through intuitive inputs, revolutionizing fields like media, design, and software development.

Capabilities of Generative AI

Capabilities of Generative AI

According to the Financial Times, over 92% of Fortune 500 companies are leveraging OpenAI’s technology, with over 2 million developers actively building on its API.

A Deloitte survey of 2,620 global businesses reveals that 94% of executives view AI as key to future success, with applications ranging from cloud pricing optimization to conversational AI.

Statista reported that the generative AI market is projected to grow from $36.06 billion in 2024 to $356.10 billion by 2030, with an impressive CAGR of 46.47%.

All this data shows that gen AI continues to play a vital role in the future tech landscape. To fully utilize its seemingly endless power, we need to start by fully understanding its capabilities. This paints a clearer picture when we zoom into different industries and gives you a better idea of how AI is changing business, and gives you an idea of how you can use it to your advantage.

Natural Language Processing (NLP)

Natural Language Processing (NLP)

NLP is a branch of AI and computer science that uses machine learning to help computers understand, generate, and interact with human language, driving technologies like chatbots, voice assistants, search engines, and business automation. NLP’s already present in the daily lives of many, e.g. Apple’s Siri or Amazon’s Alexa.

We won’t dig too deep into how NLP works, but here’s a condensed version to give you a quick idea:

  • Text processing: To transform the text into a format that the machine can understand, NLP breaks down the text into smaller units and standardizes the text by lowercasing all words. It then filters out words to focus on the meaning before removing any punctuation or special characters.
  • Feature extraction: NLP converts raw text into numerical representations for the machine to understand and interpret. The step involves a number of techniques like Bag of Words, TDF and advanced methods of word embeddings like GloVe, and then converts raw text into machine-readable numerical formats.
  • Text analysis: After extensive prepping and transformation of raw data, NLP identifies the words’ grammatical roles (known as part-of-speech), detects specific entities, and assesses the emotional tone and grammatical relationships to grasp a sentence’s structure.
  • Model training: Processed data is then used to train machine learning models. The models constantly refine their parameters to reduce errors and improve accuracy. It constantly goes through validation and evaluation to refine it for real-life use with the support of tools like NLTK or TensorFlow.

With NLP, generative AI can perform an array of text-related tasks, which are already widely implemented.

Text Generation and Summarization

One of the most common and popular abilities of gen AI is text generation. Based on input data, generative models can produce unseen, authentic content. This includes social media copies, marketing posts, and creative writings like poems, scripts, or song lyrics.

AI also summarizes long articles, books, or reports, helping users quickly grasp the main ideas.

Text Generation and Summarization

Human-like Text

The ability to produce natural, human-sounding responses is partly behind gen AI’s explosive popularity. This function is used to train and power chatbots or virtual chatbots, enabling them to deliver tailoring specific responses, e.g. providing answers to customer’s frequently asked questions.

Idea Generation

Gen AI can produce completely new, unseen content, so they’re often used to generate new ideas. Unlike what we typically think of machines, they’re flexible and even surprisingly creative in many cases. We don’t recommend completely relying on AI to find new ideas, but using generative AI tools helps you scan the solution space quickly and effectively.

Smart Search

Smart search uses NLP and machine learning to deliver context-aware results by understanding user intent and processing natural language queries. Users can refine search attempts with features like real-time suggestions, faceted filters and autocomplete. This enables precise results beyond keyword matches.

Image Generation and Manipulation

Gen AI models are trained with large datasets of images. This allows gen AI to produce and manipulate visual imagery similar to how NLP generates text-based content.

Image Generation and Manipulation

Image Generation

Most AI models typically convert text to images based on the user’s prompt. By describing the setting, location, style, and main topic, AI models like Midjourney or Dall-E can generate realistic images in only a matter of seconds.

Semantic Image-to-Photo Translation

Conditional generative adversarial networks can create a realistic photo based on an input image. For example, based on a sketch of an apartment, AI can produce photorealistic images. This photorealistic translation can be applied to human faces, landscapes, apartments, or in healthcare.

Image-to-Image Conversion

Image-to-image conversion, in other words, involves manipulating certain elements of the image while maintaining others. For example, AI may change the colors of a flower field from red to yellow while keeping the colors of the sky, grass, and trees the same as the original one. In other cases, AI is used to “fill” in missing parts of the pictures, like clouds in the sky or parts where a picture has been torn up.

Super-Resolution (Image Resolution Increase)

Another form of image manipulation. AI models with this function can enhance the footage’s resolution. GANs are often used for this task, as they produce a realistic, high-resolution version of the original version. This is useful for surveillance or economical purposes (e.g., high-resolution images are too costly to store).

3D Shape Generation

Similar to image generation, 3D shape generation produces 3D shapes based on a text prompt. As AI is developing in leaps and bounds, what used to take a gen AI model 1 to 2 hours to generate now only takes seconds.

Audio and Music Creation

Not limited to static text or images, gen AI can also generate sounds, voices, and music.

Audio and Music Creation

Text-to-Speech Generation

Based on text prompts, text-to-speech GANs can produce realistic speech audio. To achieve realistic and natural results, the model constantly accentuates, tones, and modulates the voice. Many of us probably remember the past robotic voice from Google Translate to the now more natural-sounding audio.

This kind of AI model is trained on text and speech data, and the final result is tweaked to produce the highest-quality audio. This is useful for speech-assisted devices or interfaces.

Speech-to-Speech Conversion

AI can create new voices by analyzing existing voice samples. This ability streamlines the production of voice-overs for games, films, and other media, delivering high-quality results quickly and efficiently.

Music Generation

Gen AI is quite useful for creative purposes. By learning musical patterns, underlying principles and structures, AI models can produce new music materials for commercials or plays. However, there are ethical concerns that need to be kept in mind, which we will discuss in detail later.

Video Content Creation

Beyond still images, Gen AI can produce videos. Again, based on textual or visual inputs, Gen AI will automate the time-consuming tasks of video editing, effects, animation, etc. You can choose to put visual input or not; the tool can still generate a video from scratch along with voiceovers.

Gen AI also predicts videos based on the layout or timing or how objects move or change with time, and it’ll produce realistic future frames.

Software Development Assistance

Beyond content or image generation, Gen AI has introduced tools to boost the productivity of software development. Working in tandem with software developers, gen AI is reshaping the coding processes.

Software Development Assistance

Code Generation

Gen AI speeds up the coding process and reduces the need for manual coding. Large organizations like Amazon or IBM have introduced tools to boost developer’s efficiency. Gen AI predicts and suggests the next lines of codes with high accuracy or generates code lines or functions based on textual input.

Code Completion

One of the most straightforward and common uses of AI in software development is code completion. Predicting the next code lines speeds up repetitive and tedious tasks while ensuring high accuracy.

Testing Automation

Gen AI enhances the testing process by providing rapid and comprehensive coverage. Automated testing powered by gen AI is not only faster, but also more thorough, prioritizing critical tests to ensure maximum efficiency and optimal resource utilization, freeing up human testers to focus on more complex, high-value tasks.

Fixing Bugs

Fixing bugs can be tedious and time-consuming. With Gen AI, however, the patterns are analyzed automatically to detect vulnerabilities or inefficiencies. The tool also suggests solutions or automatically fixes bugs based on real-time data.

9 Real-World Applications of Generative AI

Now that we’ve discussed generative AI’s capabilities in depth, let’s zoom in and uncover how it is used to support tasks in various industries.

Healthcare and Pharmaceuticals

Leveraging the power of gen AI allows the healthcare landscape to witness unprecedented advancement in diagnoses and treatment plans.

Healthcare and Pharmaceuticals

  • Medical image enhancement: Gen AI can enhance X-rays or MRIs by fixing blurry areas, synthesizing images, and generating reports regarding the images. With enough data, the tech can predict how a disease develops over time.
  • Drug discovery and repurposing: AI can go through massive data to analyze side effects, their efficiency, interactions, etc. The results contribute to discovering new drugs and repurposing of existing ones.
  • Easily tracking patients’ information: Not only does AI help summarize crucial patient information, but it also transcripts verbal notes into text for convenient record keeping. It makes searching for patient information easier and quicker.
  • Efficient patient education: Based on patient data, gen AI sends patients engaging educational material to explain medical conditions or ways to take better care of their health.
  • Personalized treatment plan: As most patients’ records are stored in electronic health records (EHRs), it’s convenient for the AI tool to go through all the patient’s information, tests and medical images to suggest a suitable, tailored treatment plan.
  • Telehealth: The pandemic has prompted the development of telehealth services and remote patient monitoring. Powered by AI, telehealth can become even more powerful by timely analyzing patient’s conditions and alerting healthcare professionals.

Advertising and Marketing

Gen AI’s ability to generate and manipulate images, audio, and videos simplifies content creation and personalized customer interactions.

Advertising and Marketing

  • Creating brand-aligned marketing content: The tool can quickly learn and adapt to a brand’s style, tone, and voice to create social posts, emails, blog articles, or images that meet the brand’s style guidelines.
  • Personalized customer experience: with customer data like buying history, wishlist, geo-location or mouse strokes, gen AI can suggest personalized product recommendations, promotions, and notifications. This keeps your brand at the top of the user’s mind while enhancing customer satisfaction.
  • Audience research: Businesses can leverage gen AI’s analytic powers to examine customer’s search queries, recent interests, behavior patterns and social media interactions to refine their campaigns and interactions.

Manufacturing

Manufacturers are constantly looking for new ways to optimize operations while boosting efficiency. Gen AI, paired with other technologies like big data or IoT, is incrementally offering innovative solutions in the industry.

Manufacturing

  • Faster design process: Gone are the days of sitting hours by your desk to find the best design solutions for manufacturing. Gen AI produces high-quality designs within seconds with little to no mistakes. It’s a great tool if you need more references or inspiration.
  • Predictive maintenance: By training the gen AI with data from the machines themselves, e.g. vibration and temperature data, AI assists in predictive maintenance, minimizing downtime. The tool can also suggest preventive maintenance routines.
  • Logistics improvement: Efficient inventory management, maximum space utilization, and warnings when products reach their expiration dates are some examples of how gen AI is improving the supply chain.
  • Quality control: Gen AI assists in product control by learning what a product with deficiencies might look like compared to a high-quality product, speeding up the overall process.

Software Development

Software development is a sophisticated and complex industry. Leveraging gen AI helps alleviate some of that complexity. Multiple tools have been developed to assist in the process of code completion, code generation, automated testing, or bug fixing. Examples of such tools include:

Software Development

  • GitHub Copilot uses deep learning to generate inline code completions, transforming natural language prompts into context-aware coding suggestions.
  • TabNine employs deep learning to suggest complete lines and functions across 20+ programming languages.
  • Debugger.ai analyzes code execution with machine learning, offering insights into bugs and performance issues.
  • OpenAI Codex automates deployment tasks, generating code for CI/CD pipelines and infrastructure setup.

Financial Services

Financial Services

The financial sector is one with a massive amount of data and strict regulations, and gen AI is a helpful tool in managing such aspects.

  • Financial advice generation: AI uses customer data such as spending habits, financial goals, and investment profiles to offer personalized financial plans and investment advice.
  • Fraud detection: AI analyzes user behavior and transaction patterns to detect anomalies and prevent fraud in real time.
  • Regulatory compliance: The tech speeds up compliance checks and report drafting while reducing errors during customer onboarding.
  • Credit approval and loan underwriting: AI expedites credit approval by reviewing documents, drafting communications, and automating legal processes while ensuring compliance.
  • Strategic decision-making: AI synthesizes vast data to support informed decision-making, safeguard customer data, and enhance customer satisfaction.

Media and Entertainment

Access to media and entertainment has never been more convenient. Most of us spend a lot of time searching for engaging and new forms of entertainment. Gen AI creates a range of interesting and dynamic entertainment content.

Media and Entertainment

  • Content localization: AI helps adapt and translate content for different languages and regions, breaking language barriers and enhancing accessibility. For example, MagellanTV uses AWS tools like Polly and Translate to automate the dubbing and captioning of English-language documentaries.
  • Digital avatars and characters: AI creates realistic and customizable avatars for movies, games, and virtual experiences. This is a cost-effective alternative to hiring actors for character creation and animation.
  • Bespoke video production: AI can generate personalized videos for individuals or even historical figures, introducing new possibilities in film and TV.
  • Audiobook generation: Without human actors, text-to-speech AI can still produce audiobooks and make literature more accessible.

Education

Beyond business or entertainment purposes, gen AI is also used to support the production and improvement of educational materials and teaching methodologies.

Education

  • Personalized lessons: Based on the student’s past performance, skill sets or feedback, teachers use gen AI to tailor the lesson plans and maximize the student’s capability towards success.
  • Tutoring: AI-powered virtual tutors are available 24/7 and accessible from the student’s home. This is especially useful when students don’t have access to traditional tutors.
  • Restoring old learning materials: Outdated learning materials might take hours upon hours to restore, but with AI, this process is sped up significantly, giving both teachers and students access to rare and valuable learning material.

Retail and E-Commerce

Gen AI can optimize and automate business processes and enhance customer experience while suggesting efficient strategies to boost sales.

Retail and E-Commerce

  • Virtual shopping assistants: AI assistants guide customers during their shopping journey nd answer questions to help customers make informed decisions.
  • Product recommendations: It suggests new or alternative products based on customer buying history and predicts future preferences, enhancing the shopping experience.
  • Inventory management and supply chain optimization: The tool forecasts product demand using historical sales data, trends, and seasonality to manage inventory effectively.
  • Product and display design: AI suggests new product designs using data like market trends, customer preferences, and sales history.

Gaming

Gen AI offers developers a wealth of tools to elevate both the development process and gamers’ experience.

Gaming

  • Non-playable character (NPC) behavior: AI fosters a diverse interaction with NPCs, making the game more challenging and interesting for gamers.
  • Player behavior analysis: Based on the players’ behaviors, gen AI can produce a more personalized and immersive gaming experience, e.g. customizing items or quests to encourage players to replay games.
  • Identifying and fixing bugs: Gen AI can spot and identify bugs quickly and accurately.
  • Automated testing: AI tests the game thoroughly, ensuring the best gaming experience.

Generative AI Ethical Concerns

Generative AI is gradually transforming our daily lives and the way we once carried out tasks. Despite its immense potential and utility, this technology raises significant ethical concerns.

Generative AI Ethical Concerns

Authorship and Intellectual Property

There are several problems when it comes to AI’s training data. First, there is a lack of transparency over how the data is gathered, whether it’s protected material and whether permission to use it has been or needs to be acquired. Using copyright materials has several copyright implications when it comes to AI’s output. There have yet to be any regulations regarding this issue, but it’s likely to be addressed in the future by governments and organizations.

Data Privacy and Security

Signing up to use gen AI means the platform is collecting your data to train the AI. The data is often used to keep users engaged, but it can also be sold to third parties for marketing or surveillance purposes.

It also raises the issue beyond traditional data leaks. A pressing matter is the possibility of gen AI subtly replicating training data in a way that could potentially violate individuals’ or entities’ data. Users need to be aware of permitting the supply of sensitive data.

Misinformation

Generative AI isn’t perfect. Its models are notorious for not being able to tell users how they generate certain content, nor can they cite their sources. Hence, sometimes its responses are incorrect, outdated, or biased. There’s also a concept known as “AI hallucination,” where large language models may have drawn from the limited database or misread patterns, producing false responses that appear correct. Convincing fake images or videos of prominent public figures has been used to spread misinformation or negatively impact public opinion.

Fairness and Bias

Gen AI models aren’t completely unbiased or fair. This might stem from the dataset it was trained on, or it may become biased as it interprets the dataset it was trained on. For example, research uncovered gender bias in the generative AI art app Midjourney, where older individuals in specialized professions were always depicted as men, reinforcing stereotypes and failing to represent inclusivity.

Disruption to Traditional Work

AI’s ability to perform numerous jobs fast and efficiently at a lower cost might disrupt certain professions as more and more tasks will be delegated to technology. World Economic Forum 2024 report showed that data entry clerks, administrative secretaries, and accountants are among the professions most vulnerable to AI automation, with a combined loss of over a million jobs predicted in the U.S. alone. Goldman Sachs via BBC predicts that AI could replace up to 300 million jobs globally, accounting for 9.1% of the global workforce, with the brunt of these job losses likely to hit writing or photography.

Best Practices of Using Gen AI for Businesses

Gen AI provides individuals and businesses with a wealth of tools to improve speed, efficiency, and convenience. However, with plenty of corners surrounding this technology, it’s best to take cautious steps when using this tool.

  • Test internally before using AI for external content. Always test the application thoroughly in internal tests. This ensures the AI performs as intended, aligns with business goals, and avoids harmful outcomes.
  • Prioritize transparency in AI interactions. Clearly communicate with users how their data is collected and used, especially in sensitive industries like banking or healthcare.
  • Track biases and trustworthiness issues. Perform regular audits to mitigate unfairness in your gen AI content. Try incorporating a diverse data set and user feedback to increase AI’s reliability.
  • Address privacy and security concerns. Ensure your AI complies with privacy regulations and prioritizes safeguarding customer data. Take the necessary means to minimize data breaches and unauthorized access. Ensure sensitive data is only used for machine learning within the organization.
  • Keep functionality in beta for extended periods to temper expectations. Keep generative AI features in beta for an extended period before full deployment. This allows you to gather user feedback, test scalability, and address any technical or ethical concerns.

The Future of AI

The Future of AI

Generative AI is still in its infancy, so there is no sure way to say how it will affect or reshape industries. One thing is sure, however, that it is already shaking up the status quo, opening up exciting new frontiers for businesses and individuals alike. Gen AI’s potential can’t be ignored, yet it also comes with a variety of ethical concerns that shouldn’t be taken lightly.

Are you interested in gen AI? Do you want to build one for your business or simply explore your options with the tech? Don’t hesitate to reach out to Orient Software – your one-stop destination!

Quynh Pham

Writer


Writer


Quynh is a content writer at Orient Software who is an avid learner of all things technology. She enjoys writing and communicating her findings.

Zoomed image