For more than 3 decades, Generative AI has been helping industries introduce innovation in more than one way. Be it text, image, music, video, or any other form of content, Generative AI helps create new, edit existing, and manage everything seamlessly. If stats don’t lie, the Generative AI market will reach a market volume of US $442 billion by 2031.
If you compare Generative AI vs Traditional AI, you will understand its true potential. It is trained on heaps of public and proprietary data and improves itself based on the demands and responses to provide near-human-like results. Some of the examples include ChatGPT, Synthesia, Claude, and Jasper, and industries that use many such tools on a daily basis.
Top 13 Industries Using AI In Different Ways
AI is transforming the way businesses do things and manage themselves. We have curated a list of 14 industries that are currently using Traditional as well as Generative AI to meet their goals and grow further.
Manufacturing and Retail
Manufacturing and retail industries juggle many tasks. They focus on production goals, sales, quality, safety, and more. To ensure success, leaders must do everything right. This means keeping records, managing equipment manuals, and handling warehousing and retailing. They also need to adjust prices and maintain operations and documentation. While this looks simple on paper, it’s actually complex, tiring, costly, and time-consuming.
This is where AI comes in. It helps technicians, owners, retailers, engineers, and business leaders work faster. It also streamlines, maintains, and manages processes. However, the choice of implementing Generative AI is up to the leaders. Generative AI helps with many tasks. You can use it to improve communication, analyze data, manage documents, and more. It truly delivers on its promises. For example, General Motors is using Autodesk’s Generative AI to reduce the average weight of vehicles.
Agriculture and Industrial
Agriculture and the industrial sector have a lot of things in common. There is production, processing, documentation, and research and development, among other things. Even in good times, small issues can waste time and money. Problems like production loss, holidays, and absent workers can add up.
In such situations, AI comes in to save the day. It helps analyze and simulate large data sets. It prepares different combinations, boosts research, speeds up production, and more. It also helps improve food supply chains. This cuts transportation costs, predicts market demand, and encourages sustainable practices. For example, Syngenta Group added Cropwise AI, a Generative AI system. This helps agronomic advisors and growers work more efficiently.
Finance and Accounting
A Gartner study shows that 58% of the finance sector works using AI in 2024. It is slowly increasing in value and massively impacting the work. Now, finance, banking, and accounting businesses are using Generative AI to help in their daily operations. AI and Generative AI both analyze data. They provide relevant outputs, extract patterns, and organize market data. Ultimately, it enables them to get deep insights and stay safe from potential fraud and risks.
AI technology provides improved investment choices, builds personalized profiles, and enhances wealth management. It allows for assessing risks and planning in advance. Wells Fargo uses Generative AI in various ways. This improves customer and client experiences. They are also adding more AI features throughout the business.
Travel and Hospitality
The travel and hospitality industry can easily be termed as the one benefiting the most from the advancements in AI technology. It provides massive value in managing documents, planning travel, sharing inspirations, handling operations, and customer support. Some key trends include chatbots, project management, social media management, and AI-powered content.
Take Navan, for example. The company introduced a Generative AI virtual assistant in 2023, named Hotel Concierge by Ava. It can provide tailored recommendations based on preferences and booking patterns to enhance the efficiency and effectiveness of the booking process. Other than this, AI helps analyze data, manage operations, handle scheduling, and work as a customer support agent.
Healthcare and Medicine
HR, administration, management, teachers, and students all benefit from AI. Clinicians, researchers, doctors, patients, and pharmacies do too. First responders and nearly everyone in health and medicine gain significantly from AI’s power. It helps with research papers, fixing problems, managing data, warehouse tasks, customer service, and more.
There are so many cases of AI use in healthcare and medicine that it is nearly impossible to pick one. AI is everywhere. It helps in hospitals, clinical settings, R&D, pharmaceuticals, first response work, and diagnostics. It provides better care and does so much faster. The best part? The future is even brighter.
Customer Service and Support
Reports indicate that adopting and implementing AI in customer service can lower the overall labor cost by up to 90%. AI, especially Generative AI, is helping in more ways than one. Although traditional AI faces some hiccups, that is where Generative AI’s prowess comes in. Both combined can do wonders for a brand.
AI technologies can help implement chatbots, save cost and time, optimize ads, produce high-quality content, and do much more. On top of that, it can teach itself, provide better responses, and be present 24/7 without needing a tea break.
Sales and Marketing
There are plenty of ways that AI and Generative AI help in terms of sales and marketing. You can now easily personalize emails, draft requests, evaluate them, and prepare reports. It’s also simpler to optimize strategies, analyze data, and support growth.
These technologies, such as Google Gemini, Claude, and other generative AI tools, help businesses on a daily basis. They help businesses save time and money. They use AI to create strategies. It helps predict trends, design websites, and repurpose elements. AI also tests different methods for better results.
Education and Learning
There have often been complaints from the education, learning, and teaching sectors. This is entirely believable as there is a lot to do, no matter whose perspective you look from. The education institutions and authorities have to manage resources, hiring, money, students’ history, documents, and much more. Also, teachers and educators have to manage schedules, classes, courses, and students, as well as teach and create reports. Lastly, students have to manage classes, learning materials, notes, and other things.
Here, AI and Generative AI help the education sector do all those things much more efficiently and effectively. Not only that, it can also help automate several things like emails, reports, documents, replies, support, and much more.
Fashion and Design
Fashion designers and enthusiasts are using the power of generative AI and AI in more ways than one. A lot of different AI tools come into play that make it possible to handle the brand, manage social presence, and create new products.
Dressmakers can create new designs, take measurements, and manage orders. Also, people can use AI to see how clothes look before buying. For example, they can use Shopping on Google to get recommendations and check reviews. Industry leaders can run their businesses in various ways. They can explore new products, create smart marketing strategies, and grow their businesses easily.
Gaming and Entertainment
AI tools like ChatGPT, Midjourney, and Adobe Firefly make it easy to create fun entertainment and gaming content. Moreover, they can synchronize voice, images, and videos to seamlessly work in a digital atmosphere.
As a creator, you can design, animate, and mix various art forms. This includes illustrations, scripts, sounds, backgrounds, and more. Generative AI is shaking up gaming and entertainment. It will only grow bigger and better. There are better ways to create music. You can model sounds, write lyrics, mix tracks, record, and more.
Legal and Counseling
The legal and counseling industry benefited more from Generative AI than traditional AI. It helps brands analyze lots of data. They can find plot holes, summarize meetings and documents, and make better decisions.
Other than that, there are a lot of AI-powered law tools that help law corporations, courts, and governments. These tools include Spellbook, Juro, and others. They summarize legal briefs. They manage documents. They prepare tax returns. They draft contracts. They also personalize agreements.
Product and Software Development
AI and Generative AI have revolutionized and transformed the software and product development market. A Statista report indicates that around 82% of developers reported using AI tools for development purposes.
There are different tools that help generate codes for different functions and basic outcomes. This helps automate routine objectives, coding, debugging, and testing. Also, it allows efficient completion of tasks, explaining codes, enhancing learning, and making effective coding functions.
Logistics and Automotive
Vehicles and infrastructure fitted with the power of AI and Generative AI empower the digital and connected world we know now. One of the biggest examples that enables a part of it is Nvidia Drive. It provides real-time assistance and recommendations, among other things.
These technologies help make journeys safer, identify road signs, read passengers, take control, enable electric vehicle technology, sync phones and data, and do a lot more. Also, automotive businesses are using generative AI to stimulate scenarios, innovate designs, and create more energy-efficient solutions.
Final Takeaway
AI and Generative AI have redefined possibilities across every industry. It helps automate processes, boost productivity, enhance creativity, and craft remarkable content with ease. The different AI and Generative AI applications are unlocking unprecedented opportunities, and there is no denying it.
No matter your industry or market, there is some AI or Generative AI tool that can help you enable further growth in every way possible.
