© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2024
I. CroninUnderstanding Generative AI Business Applicationshttps://doi.org/10.1007/979-8-8688-0282-9_13

13. Applications and Real-World Case Studies

Irena Cronin1  
(1)
Savannah, GA, USA
 

Generative AI stands as a transformative force in modern business, for example, infusing Decision Support Systems (DSS) and Autonomous Systems with advanced capabilities for risk assessment and strategic decision-making. In financial sectors, it revolutionizes risk management by generating detailed synthetic data and simulating complex economic scenarios, enabling institutions to forecast market trends and navigate economic fluctuations with enhanced precision. This technology ...

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