By Boluwatife Samuel
Generative AI refers to artificial intelligence systems designed to generate new content based on the data they have been trained on.
This consist creating text, images, music, videos, and more. Unlike traditional AI which analyzes or classifies data, generative AI is based on producing new and original outputs.
During the Deep Learning IndabaX Nigeria 2024 conference held in Abuja,Dr Roselyn Isimeto a lecturer of the University of Lagos, stated that “Adopting Gen AI can help African companies leverage this cutting-edge technology to drive profitability and innovation,”
The university lecturer went on and highlighted the role of Gen AI in achieving the United Nations’ Sustainable Development Goals, which were adopted in 2015 to foster global peace and prosperity.
Dr Isimeto also highlighted numerous business sectors that could benefit from Gen AI, including marketing and advertising for content creation and personalized marketing copy, customer service through conversational agents and sentiment analysis, and finance and banking for document generation and fraud detection.
Following all, she then declared that “No data, no innovation”.