📺 Stream EntrepreneurTV for Free 📺

Three Use Cases Of Gen-AI Which Can Be Useful For Organisations Gen-AI can also be used for code generation which gives you 3-fold improvements in coding speed and almost eight-to-10-fold improvement in documentation.

By Priyanka Tanwer

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

In the ever-evolving landscape of technology and human interaction, the emergence of Generation AI marks a significant juncture. Born into a world where artificial intelligence (AI) is not just a tool but an integral part of daily life, this generation navigates a reality shaped by unprecedented connectivity, automation, and innovation.

Generation AI encompasses those individuals who are coming of age in a society where AI systems influence everything from education and employment to entertainment and healthcare. This generation is not only adept at utilizing AI-powered technologies but also stands poised to redefine societal norms, ethical considerations, and the very fabric of human existence in this digital era.

The Generative AI is looking at the cognitive and non-repetitive task that we thought only human beings could do; but now, Gen-AI will be able to do it, said Srikanth Nadhamuni, Founder, CTO, Aadhaar & Co-founder and Chairman, Trustt while delivering a keynote address at Entrepreneur India's flagship event Tech & Innovation Summit 2024 on March 8 and 9 in Bangalore.

Code Generation

"There is a vast landscape of applications where Gen-AI can be used to generate text for marketing or social media platform. It can also be used for code generation which gives you 3 fold improvements in coding speed and almost eight to 10 fold improvement in documentation," Nadhamuni added saying that code generation is going to be super important.

Quoting Jensen Huang, CEO, Nvidia, he said, "For years, everybody use to say that everybody has to learn programming whether you are a techie, a lawyer or a doctor. That was the conventional wisdom 10 years ago. Now, he is saying that you don't have to learn to code. Say it and it will code for you."

Retrieval Augmented Generation

Speaking on the issue of wrong responses from AI, like GPT he said that Retrieval Augmented Generation (RAG) is the technology that can be used to prevent such incidents.

"There is very powerful paradigm of Retrieval Augmented Generation (RAG) which can be used to prevent incidents like wrong and irrelevant responses from the LLM. If you use GPT which has read up all the data on the internet, there is a possibility that it might come up with the responses that are not relevant and are wrong for you. This is the biggest issue with LLM and RAG is the powerful technique which can help prevent such incidents," he said.

Under RAG, you give your own data and when you ask questions, LLM only used to generate relevant answers to your query based on the data that you have created, he added further.

Customer Service

Srikanth Nadhamuni also shared the following use cases of Generative AI that can be beneficial, including Customer Service, Financial Decision-Making Through Analytics, Language Understanding, and Translation, Regulatory Compliance (RegTech), Personalised Banking.

"Customer service is the fantastic app when it comes to AI as no human is going to go all your CTR records understand the real needs of the customer and then answer the question whereas AI can and give answer in your own language," he said.

Priyanka Tanwer

Feature Writer

With eight years of experience covering various beats for the digital and print media, now covering electric vehicles and sustainability for Entrepreneur India, keeping a nose for innovation and new technology in this futuristic sector.     
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.