The generative AI market size was evaluated at $10.79 billion in 2022 and it is predicted to be worth around $118.06 billion by 2032, expanding at a CAGR of 27.02% between 2023 and 2032, according to Precedence Research.
Generative AI employs AI and machine learning to create new content, and it uses algorithms to recognize patterns in input data and generate similar outputs. This technology finds applications in various sectors like finance, robotics, healthcare and IT. It's also being used for tasks such as converting text to images, improving image quality, and turning text into videos.
The growing demand to streamline workflows and adopt new technologies is boosting the use of generative AI across different industries. There is even a new set of features that allows companies to instantly predict the brand performance of their ads and see how much attention brand assets, ad copy, CTAs and faces get when testing marketing assets. All thanks to Neurons’ AI predictive tool called Predict.
Predict helps companies test creative variations at a large scale and reduces the amount of manual work, time and cost to identify the best-performing ones quickly before they go live. The Automatic AOI Detection feature detects brands, text and faces in images and tracks brand assets, such as typefaces and logos, in videos. Predict calculates the total Brand Attention score for each ad and provides an overview of how much attention brand elements receive throughout the video.
The latest update impacts advertisers, marketers and designers. For example, it allows advertisers to enhance video ads for optimal brand impact by strategically placing the logo, product, and key messages. Brand consistency can be maintained using AOI Detection to emphasize logos and other defining brand elements. Additionally, marketers crafting a display ad for an upcoming sale can optimize the design and placement of CTAs to enhance attention and boost click-through rates.
With 95% accuracy and instant results, the AI generates behavioral metrics grounded in neuroscience and gives companies insights into how customers respond to their marketing assets.
"Predict continues to set the bar higher in the industry with this feature," said Mike Storm, Chief Operating Officer at Neurons. "It’s not just about speed and efficiency, but about empowering our customers with high-quality data that drives creative decisions. With Predict, brands can make the shift from intuition to insight and get hands-on proof of brand performance before spending a dime on live ads."
Edited by
Alex Passett
