India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

Sign in

India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

3AI Digital Library

Combining the power of Generative & Predictive AI

3AI April 12, 2024

Featured Article:

Author: Shuvajit Basu

GenAI has taken the world by storm. I certainly don’t have to outline the numerous possibilities it brings to bear. Both GenAI and Predictive AI have their share of strengths andbopportunities. However, if we can combine the power of these Generative models with Predictive AI/ML models, we might be able to do something more transformative.

Let us take a few examples to corroborate this point.

First, if a user were to interact with a conversational AI interface to check out what could be ‘some choices for an evening wear in a formal get together’, the GenAI response would be the same for any user who would type this prompt. However, if this prompt were to be augmented with the same user’s likings, for example her preference for a certain style, brand, price, etc. the response would be more personalized for her and needless to say would seem more relevant and thereby translate to higher engagement.

Similarly, in ecommerce search, a search query would return the same set of search results regardless of the user. However, if we were to layer in user tastes and preferences, the results will differ considerably from user to user. While this has been in practise before the advent of GenAI; companies experimenting with GenAI search esp. in the case of theme-based search, would apply similar principles. Suppose a user is looking for items to go along with a ‘IPL watch party’. In this case, the query would be augmented with user’s preference such as a specific brand of beverage or chips or even healthy food options and return results from various categories that is relevant to the theme.

In the same vein, as GenAI continues to get adopted by Marketeers to design their campaigns with specific creatives and copies targeted at a certain profile/cohort of users, the same can be extended to n=1, whereby user features can be augmented to the system prompt to design very specific user level campaigns.

All of the above assume that there is enough and rich user-level data to make a difference. Clearly, the above examples illustrate that GenAI and Predictive AI complement each other and not necessarily compete against each other. While Generative models are trained on world knowledge, there is a need to complement with specialized or domain knowledge. Also, above examples illustrate that it’s not only retrieval that matters but retrieval & selection that makes the response for each user and each of their interactions very personalized. Hence, one needs to understand the strength and limitation of Generative & Predictive AI to use one or both effectively.

Title picture: freepik.com

    3AI Trending Articles

  • AI in Drug Discovery

    Featured Article: Author: Vijay Morampudi, Director & Head of AI, Wavelabs Technologies Drug discovery takes 12-15 years and a median investment of nearly $1 billion to bring a new drug to market. While the true cost of research and development may be as high as $2.5 billion per marketed therapy, when factoring in abandoned trials and […]

  • Preparing to navigate the era of AI regulation

    Featured Article Author: Malavika Lakireddy In a groundbreaking move, the European Union (EU) has recently passed the Artificial Intelligence Act (AI Act), signaling a pivotal moment in the global landscape of AI regulation. This legislation, aimed at regulating the use of AI in providing goods and services to EU residents, sets a precedent for similar […]

  • Mirae Asset Launches $35 Mn Early Stage Fund For India

    The Mirae Asset Venture Opportunities Fund will have an average ticket size of $2 Mn – $4 Mn The early stage fund will back up the Mirae Asset-Naver Asia Growth Fund, which was launched in 2018 Besides its new early stage fund, Mirae Asset has invested in Ola, Bigbasket, Zomato, Shadowfax and other Indian startups […]

  • Cloud4C and Google Cloud to build CoE for SAP and Anthos

    The partnership aims to enable enterprises to accelerate their digital transformation journey on the cloud. Cloud4C, a cloud managed services provider, is collaborating with Google Cloud to build a Centre of Excellence (CoE) for SAP and Anthos by Google Cloud. The center of excellence (CoE) will equip businesses with capabilities to modernize mission critical IT infrastructure and applications, while […]