CH10_Perspectives on Decision- Making Using Generative AI

What is Generative Artificial Intelligence (AI)?

• AI systems designed to analyze and process structured data

• AI systems that create new content like images, text, or audio

• AI systems focused solely on predictive analytics

• AI systems that perform database management tasks

What is one key function of Natural Language Generation (NLG)?

• Classifying data into categories

• Generating human-like text from data

• Predicting future trends

• Translating text into different languages

What is NOT a key component in the architecture of a generative AI system?

• Data retrieval system

• Neural networks

• Decision tree models

• Training datasets

Which of these is NOT a typical application of generative AI?

• Image synthesis

• Writing personalized marketing emails

• Real-time data encryption

• Creating voice-assisted responses

What is a major advantage of using generative AI in decision-making?

• Reduces the need for stakeholder input

• Automates the creation of high-quality content

• Eliminates uncertainty in decisions

• Ensures compliance with all ethical standards

Which of the following is a significant risk when using generative AI in business decision-making?

• Increased accuracy in data analysis

• Overreliance on AI systems leading to reduced human oversight

• Improved scalability in operations

• Enhanced employee training and knowledge transfer

What is a key principle for the responsible use of generative AI systems?

• Focusing solely on maximizing profitability

• Sharing all data openly without restrictions

• Ensuring transparency in how AI decisions are made

• Avoiding monitoring system outcomes

What are essential steps in creating a Generative AI model?

• Data cleaning, statistical testing, and data reporting

• Data collection, model training, and evaluation

• Data visualization, summary statistics, and business reporting

• Traditional programming, debugging, and user interface design

In which area is Generative AI commonly applied?

• Generating personalized marketing messages

• Analyzing error rates in IT systems

• Real-time encryption of sensitive data

• Manual monitoring of financial transactions

Which of these industries has NOT been significantly impacted by Generative AI?

• Journalism

• Creative design and art

• System hardware engineering

• Film and media production