Understanding the difference between AI and genAi is important. Great explanation shared by Aaron Wangen. #transformation #businesssuccess #careersuccess
Helping SME manufacturers get started with generative AI | Husband | Girl dad | Street Glide(r) | MBA
🛠️ What is the difference between Artificial Intelligence (AI) and generative AI? The two terms come up often in discussions about new technology applications. ❓ Asking ChatGPT (generative AI) to provide an analogy for AI vs. genAI: [edited] Comparing AI to generative AI is like comparing a Swiss Army knife to a 3D printer. A Swiss Army knife (AI) is versatile, equipped with tools for various tasks—cutting, screwing, opening bottles—much like how AI can analyze data, automate tasks, and assist in decision-making. On the other hand, a 3D printer (generative AI) specializes in creating new, tangible objects from scratch based on digital designs. Similarly, generative AI produces new content, such as text, images, or designs, mimicking the creativity process. While both are invaluable tools, their applications and outcomes differ: one is about performing a wide range of tasks efficiently, and the other about bringing new creations into existence. ________ Their differences and how each might be implemented: Artificial Intelligence (AI) 📘 Definition: AI refers to computer systems that can perform tasks that typically require human intelligence. Tasks include: learning, decision-making, problem-solving, and understanding language. Applications in small business: 🔹 Customer service: AI can power chatbots and virtual assistants to provide customer support, answer FAQs, and handle bookings or orders. 🔹 Data analysis: AI tools can analyze business data to identify trends, forecast sales, and provide insights for decision-making. 🔹 Automation: Automating repetitive tasks such as scheduling, invoicing, and email responses to free up time for focusing on core business activities. Generative AI 📘 Definition: Generative AI is a subset of AI that focuses on creating new content or data that didn’t exist before. It can generate text, images, videos, or music that resemble human-made content. Applications in small business: 🔹 Content creation: Generative AI can assist in creating marketing materials, writing drafts of blog posts, or generating product descriptions. 🔹 Personalization: It can generate personalized content for customers based on their preferences or past behavior. 🔹 Product design: Generative AI can come up with new product designs or improvements on existing products by generating a wide range of options and iterations. #AI #GenerativeAI #SME2024