Generative AI’s Impact on Industry: Unveiling Transformative Applications, Opportunities and Challenges

Sara Hameed; Usra Sami; Meerab Tahir; Sara Naeem Aslam

Authors

Sara Hameed Department of Software Engineering, NED University of Engineering and Technology, Karachi, Pakistan
Usra Sami Department of Computer Engineering, Bahria University Karachi, Pakistan
Meerab Tahir Department of Software Engineering, NED University of Engineering and Technology, Karachi, Pakistan
Sara Naeem Aslam Department of Software Engineering, NED University of Engineering and Technology, Karachi, Pakistan

Keywords:

Generative AI, ChatGPT, Dall-E

Abstract

With the advancement of Artificial Intelligence, a new branch of AI has emerged which is known as Generative AI. It has gained a lot of popularity in a very short time because of its human-like computational capabilities. It has the potential to automate hectic work with its efficient processing capabilities. Overall, it can help in solving complex problems and optimizing mundane and redundant tasks. The main objective of this paper is to conduct a thorough analysis of the impacts of Generative AI on the industry and its benefits, advantages, and application. This will help future generations in opting for Generative AI to automate mundane tasks. The methodology includes in-depth secondary research on research papers related to Generative AI and its applications. The findings show that the recent generative AI applications have emerged as the fastest-growing user base. However, there are lots of limitations to incorporating AI models in the industry. Therefore, it will be beneficial to use Generative AI applications but relying on them can be threatening to employment opportunities and may lead to misleading and falsifying information. It is necessary to have human evaluation, considering specific constraints to accomplish desired results.

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