Key Insights
Key takeaways from "Generative AI 2023 Report" published by AI Accelerator Institute
CFTE summarised “Generative AI 2023 Report” by AI Accelerator Institute. This report highlights the ‘why’ behind company adoption of generative AI, and the ‘why not’. It delves into the benefits and the challenges of using these tools, offering an overview of the reasoning behind integrating them into business.
Key Aspects
- The report explores the advancements in AI and machine learning, focusing on generating new data from existing information, and its applications across various sectors like entertainment, healthcare, retail, and design.
- It delves into the benefits and the challenges of using these tools, offering an overview of the reasoning behind integrating them into business.
Table of Contents
- Section 1: Which tools have you heard of?
- Section 2: Why did you decide to start using generative AI?
- Section 3: What do you mainly use generative AI tools for?
- Section 4: Main generative AI tool of choice benefits and challenges
- Section 5: Impact on productivity and efficiency
- Section 6: Trust and quality
- Section 7: Non-use of generative AI tools
- Section 8: Generative AI future insights
Key Findings and Insights
This report will give you an insight into:
- The majority of respondents (88.2%) use generative AI tools, primarily to speed up work processes (48.2%), out of curiosity (22.7%), and for creating content for daily work (4.5%).
- The main uses of generative AI tools are text applications (40.8%), conversational applications (29.6%), and data augmentation (13.3%).
- Generative AI is widely used for diverse applications, including computer vision in healthcare, content creation, and enhancing creativity in design. It leverages neural networks to identify patterns in data, producing fresh and unique content
- On average, only 53.1% of respondents who use generative AI trust the technology.
- A fifth of the respondents say generative AI doubled their productivity.
- Efficiency is the number one advantage of using generative AI