This lecture is from the course Generative AI for Business.
In section 2 of the course we discover how generative AI is reshaping business processes and unlocking new opportunities as we delve into AI augmentation, cost reduction, business discovery models, and more.
Building on the fundamentals covered in Section One, we'll explore how this technology can add value to businesses and individual work processes.
Drawing from experience, we will show how generative AI has revolutionised productivity.
The section will also introduce two key economic models for understanding AI business impact: AI augmentation, which focuses on cost reduction and efficiency improvement in existing processes, and business discovery, which examines new sources of business value and entrepreneurial opportunities in the AI landscape.
