GenAI is the biggest disruptive innovation since IBM launched its PC (Personal Computer) in 1981, reshaping education, industries, and how we create. It was considered the first PC to have a significant impact on the industry, establishing a mass-market standard. Similarly, GenAI is affecting almost everything around us, from creative fields, manufacturing, to curriculum, focused on emerging technologies (AI, GenAI, ML, Cloud Computing, etc).
Chanakya University, the best private university in India, offers a curriculum that nurtures your skills for a world operated by technologies where GenAI is calling the shots. Today, we will examine the far-reaching impact of GenAI on various industries, education, and creativity.
Let’s commence.
How is GenAI Reshaping Key Industries Today?
GenAI is estimated to add around $ 16 trillion to the global economy by 2030. From FinTech companies and smart manufacturing to legal and healthcare, every industry is using GenAI to optimise their processes and enhance their productivity.
Smart Manufacturing
Generative AI ensures uninterrupted operation, prevents machine downtime, and keeps machines in optimal condition. It provides actionable insights for technicians, operators, process engineers, and plant managers.
Retail and Consumer Goods
Conversational AI tools have enhanced the customer experience and made retail businesses more convenient and result-oriented.
Finance and Banking
GenAI extracts structures and patterns from a vast quantity of consumer & market data. The data analysis provides contextually relevant and actionable outputs. According to McKinsey, GenAI can add up to $340 billion of annual value to the banking sector.
Hospitality and Travel
GenAI plays a crucial role in travel planning, travel inspiration, operations, reputation management, and customer experience. GenAI-powered chatbots, image generation, summarisation, newsletter content, and content ideation are notable applications of GenAI in the travel and hospitality industry.
Healthcare
GenAI breaks down research papers into more readable language and summarises. Chatbots equipped with GenAI provide vital patient information, diagnosis, procedures, and medical instructions. LLMs help medical imaging by pinpointing abnormalities in reports.
Other Industries with Significant GenAI Influence
- Advertising and sales: personalising emails for internal and external communications, drafting and evaluating proposals, explaining images (Gemini, ChatGPT, etc.), reports & testing various pitches, and more
- Marketing: Images for logo and marketing materials, taglines and ad content, layout for chatbot, design avatars, and more
- Education: Task automation and evaluation, gamified modules for impactful learning, generating engaging content, and more.
- Fashion applications: analysing and referencing fashion trends and designs in the past to generate new fashion designs
- Entertainment and gaming: GenAI platforms help to create professional videos, images, and content for the entertainment industry
- Legal services: Legal research, generating abstracts, evaluating decisions, summarising legal data & briefs, processing large datasets, and more.
- Software development: Microsoft’s Copilot, ChatGPT, and other GenAI tools for generating basic code, enhancing the productivity of developers
- Agriculture: GenAI analyses different plant genetics and creates plant variants that are resistant to pests, diseases, and climate change
How is GenAI Transforming Education Today?
For Students
- Personalised learning for better engagement and positive impact
- Enhanced information access
- Tailored education for the individual needs of students
- Students can develop skills in coding, research, and writing with awareness of the ethical implications of AI
For Educational Institutions
- Content creation and interactive learning experiences are designed for students
- Personalised outreach and data-driven insights
- Ethical consideration
Chanakya University Bangalore strictly adheres to ethical considerations when integrating GenAI into its processes. Their B.Tech CSE Artificial Intelligence includes a dedicated module on ethics in GenAI, preparing responsible engineering professionals for the smart industries of today and tomorrow.
How is GenAI Influencing Creativity Today?
The creative industry, encompassing writing, design, music, and other fields, has been significantly reshaped by GenAI. World Economic Forum mentions the impact of GenAI on creative industries as follows;
- GenAI enables dynamic content generation—such as converting articles into videos or podcasts—and accelerates ideation with rapid variations.
- Tools like Perplexity, Gemini, etc., tailor content based on user data (with consent) and continuously refine it using real-time insights and AI-powered search.
- Challenges around data privacy, IP rights, ethical risks, misinformation, bias, and job displacement could slow adoption and harm society.
- Media houses are either pursuing legal action over AI training use (e.g., NYT vs. OpenAI) or forming content licensing deals (e.g., NewsCorp with OpenAI).
- A unified licensing model or shared frameworks can help scale fair AI training practices, especially for smaller and local news publishers.
- In the Nordics, central and local outlets have partnered to share tech and licensing frameworks—Schibsted and Polaris Media being a key example.
Want to learn GenAI to craft a flourishing career in technology? BTech Artificial Intelligence or BTech Computer Engineering at Chanakya University is the perfect way to achieve this. Let’s explore in the following section.
BTech CSE Artificial Intelligence at Chanakya University Bangalore
BTech courses at Chanakya University are designed to prepare students for the tech era, where AI, GenAI, ML, and Cloud Computing are major players. Their BTech Artificial Intelligence is a 4-year UG programme with a focus on nurturing skills in AI and other emerging technologies.
Key Aspects
- The programmes include core GenAI and AI/ML concepts, computer science fundamentals, ethics, cultural studies, and humanities.
- Internships and research training are integral to the B.Tech CSE syllabus, with placement opportunities at leading companies.
- Graduates from Chanakya University Bangalore are well-equipped to take on various roles in GenAI and emerging technologies, such as ML Engineers, AI Specialists, Data Scientists, Robotics Engineers, and more.
- The programme aims to nurture students as socially conscious professionals with engineering skills and leadership qualities.
Conclusion
The impact of GenAI on industries, education, and creative fields is transformative and unprecedented. Learn it at Chanakya University and become an ethically responsible GenAI professional to lead the AI revolution. Explore btech course details, fees, eligibility and apply now.
“AI and GenAI may be the most crucial technology of any lifetime.” – Marc Benioff.
Reference Links
https://www.ey.com/en_gl/insights/ai/how-gen-ai-will-impact-the-labor-market